Billy Evans Faces Scrutiny Over New Blood-Testing Venture in Documentary

Billy Evans, the husband of former Theranos founder Elizabeth Holmes, is the central subject of Nathan Fielder and Lance Oppenheim’s new documentary, You Can See Everything. The film has sparked debate regarding Evans’ current business activities and whether they represent a continuation of the discredited blood-testing startup Holmes once led.

Viewers of the documentary see Evans discussing the development of a working prototype for a new product. He is shown collaborating on product ideas with Holmes while she is incarcerated. Evans told David Friedberg, cohost of the All-In podcast, that meeting Holmes was the primary intention behind the film project. Evans stated he has not yet seen the final cut and expressed uncertainty about how he will perceive the finished work.

Context and Background

Evans has publicly distanced his new company, Haemanthus, from the Theranos scandal. He has used social media platforms to reassure followers that the venture is absolutely not Theranos 2.0. A person familiar with the business told The Wall Street Journal that Holmes is not involved in Haemanthus. This assertion contradicts the on-camera depiction of their collaboration, where Evans agrees to the characterization that they are building a successor to the previous company.

Before marrying Holmes and fathering two children, son William and daughter Invicta, Evans was born into a prominent San Diego family. His grandparents, William and Anne Evans, were midcentury pioneers in the Southern California tourism industry. According to the family company website, the grandparents opened a resort hotel on a mudflat in Mission Bay in 1953. They later added a second nearby property, and the family now owns a third hotel in La Jolla. This generational wealth passed in part to Billy’s father, also named William.

Who Is Affected

The primary subjects affected by the renewed public scrutiny are Evans and Holmes. Their personal and professional histories are being re-examined through the lens of the documentary. The film highlights Evans’ perspective on his marriage, including letters he wrote during Holmes’ sentencing in 2022. In those letters, Evans described how Holmes taught him patience and compassion, traits he had previously dismissed. He stated that Holmes changed his life, even if she failed to change the world as she had intended.

The documentary also impacts public perception of the Theranos legacy. By featuring Evans’ current entrepreneurial efforts, the film invites comparisons to the fraud that led to Holmes’ conviction. Evans argued in his sentencing letters that both he and Holmes were given a second chance. The new venture raises questions about whether this second chance involves repeating past business models or pursuing legitimate innovation.

What should you do?

Security and technology professionals should monitor developments regarding Haemanthus for any disclosures about data handling or regulatory compliance. Given the history of Theranos, any new health-tech venture involving its former leadership warrants careful scrutiny of its technical claims. Professionals should verify the independence of new entities from past fraudulent operations before engaging in partnerships or investments.

WATCH FOR:

• Official statements from Haemanthus regarding its governance structure.
• Regulatory filings that confirm or deny Holmes’ involvement.
• Technical white papers that validate the scientific basis of the new prototype.
• Further coverage from reputable news outlets that fact-check documentary claims.

What to do and how to stay safe: Theranos

• Hardware-backed key storage prevents attackers from extracting credentials even if they gain physical access to the device.
• Mobile device management enforces consistent security policies across diverse operating systems and hardware configurations.
• Application sandboxing limits the damage a compromised app can cause by restricting its access to other data and system resources.

Mobile device security requires a layered approach combining hardware, software, and policy controls. Enable encryption, use strong passcodes, and keep your operating system updated to protect your data.

Step-by-step guide: Mobile Device Security: How to Protect Data Beyond Passwords

General security guidance from the Threat Times newsroom. It is not confirmed advice from the organisations named in this story.

Frequently asked questions

Is Elizabeth Holmes involved in Billy Evans’ new company, Haemanthus?

A person familiar with the business told The Wall Street Journal that Holmes is not involved, despite documentary footage showing collaboration.

What is the name of the documentary featuring Billy Evans?

The documentary is titled You Can See Everything and was created by Nathan Fielder and Lance Oppenheim.

What did Billy Evans say about his new company on social media?

Evans used social media to reassure followers that Haemanthus is absolutely not Theranos 2.0.