“You Can See Everything” will make you feel a strange sense of uncertainty about Elizabeth Holmes
Fortune
1h ago
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Fortune journalist Emma Hinchliffe watched a new documentary about Theranos founder Elizabeth Holmes, titled You Can See Everything, at the New York Film Festival. She wrote that the first half of the film focuses on Holmes' family life in the 34 days before she was imprisoned, while the second half shifts to the actions of her husband, Billy Evans, during Holmes' imprisonment. The author believes that this film does not provide clear answers; instead, it leaves viewers feeling confused, conflicted, and even a bit worried about Holmes.
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On Wednesday evening, I sat in Alice Tully Hall at Lincoln Center with 1,000 other people; none of us were quite sure what we were about to see. It was the premiere of “You Can See Everything” at the New York Film Festival, a new documentary about Elizabeth Holmes, the infamous founder of Theranos.

To label this film as a documentary seems somewhat insufficient to capture its essence. Nathan Field, a comedian famous for his absurd and surreal works such as “Nathan for You” and “The Rehearsal”, followed her and her family for 34 days before Holmes was imprisoned in 2023. As Field himself told us after the screening, he didn’t quite understand why he did it either. “I can’t tell you how strange we were there at that time... I wouldn’t consider myself the kind of person one would want to have around in the final stages of their life...” He stopped here, eliciting laughter from the audience present.

If you need to review the background: Holmes once turned Theranos into a company valued at $9 billion, claiming that it could completely change diagnostic testing methods with just a few drops of blood. She was once the youngest self-made female billionaire in the United States. However, in 2015, The Wall Street Journal and journalist John Carreyrou began to expose that the company's technology was not effective. In 2022, Holmes was convicted of fraud against investors but acquitted of fraud against patients; her former partner, Theranos's Chief Operating Officer Sunny Balwani, was convicted on both charges. For about seven years, she made almost no public appearances.

The first half of the film documents Holmes' life in a warm family setting in Southern California. We see her spending time with her husband, Billy Evans, and their two young children (the couple met in 2017). They are still making calls to investors, trying to bring a new version of “Theranos 2.0” back to success. We watch them take out that already rejected Theranos blood testing device from the garage, and Holmes still believes in this technology. It seems as if they can temporarily forget that in just a few weeks, Holmes will have to turn herself in to the authorities in Bryan, Texas, to begin serving a 11-year prison sentence.

Field and co-director Lance Oppenheim explored a familiar question: Is Holmes lying? For the most part, the camera is focused closely on the faces of Holmes and Evans. We look directly into her large, frequently blinking blue eyes. This project was kept strictly confidential until about a month ago; in the earliest released clip, Holmes looks straight at Field and asks him, “Why should I deceive you?” This video quickly became viral.

In his signature style, Field posed some questions that seemed calm yet struck right to the heart. For example, he asked Evans: "Did you meet this founder after the Theranos scandal came to light? At that time, she was most likely on her way to jail, yet you still said, 'Yes, this is the life I want?'

Fortune also makes several appearances in the film; of course, including that famous magazine cover. The film also takes time to discuss a statement made by the founder during an interview with journalist Roger Parloff; she claimed that the device from Theranos could perform any type of testing. (She stated that what she meant was that if they could successfully develop the chemical methods required for the corresponding testing projects, then this device would be capable of doing so.)

The second half of the film shows a side of her that I had never seen before. Holmes no longer appears in the footage; she is in prison. The camera follows her husband, Evans, who continues to work on rebuilding a diagnostic company and actively manages her account on the X platform. There is another twist in the film – but A24 asks us not to reveal more about it before the film is released.

I can only say that after watching this documentary, you will feel uncertain about what you have just seen, confused and contradictory, and you might even start to worry about Holmes (which is probably hard to imagine before you actually watch it). Field and Oubenheimer stated that they no longer maintain contact with Evans and Holmes, and this couple has also not watched the film yet. Perhaps they themselves are not sure what they have actually seen.

Emma Hinchliff

emma.hinchliffe @ fortune.com

Source Note:The author of this article is a Fortune reporter, Emma Hinchliffe. The original text is a commentary-style article.

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