The SEC just charged Theranos founder Elizabeth Holmes and former prez Sunny Balwani with massive, “years-long fraud”Years after it was reported that the SEC was looking into improprieties at the once high-flying blood-testing company Theranos, its founder, Elizabeth Holmes, and the company’s former president, Ramesh “Sunny” Balwani,” have been formally charged with massive fraud by the agency. The charge, more precisely: that the two raised more than $700 million from investors through an “elaborate, years-long fraud in which they exaggerated or made false statements about the company’s technology, business, and financial performance.” [ TechCrunch ] ClassPass Live launches on-demand workouts from homeClassPass has today announced the launch of ClassPass Live, an at-home workout platform that connects users with fitness teachers via live video. ClassPass Live was first announced in December of last year. The company purchased a studio in Industry City, along with hiring instructors to develop a proprietary ClassPass workout for users and run classes. [ Tech Crunch ] Warby Parker is valued at $1.75 billion after a pre-IPO investment of $75 millionWarby Parker’s co-CEOs continue to talk about an IPO like it’s a “when,” not an “if.” But the “when” still isn’t now. The eight-year-old eyewear retailer announced a new investment of $75 million on Wednesday led by its existing backer T. Rowe Price that will keep it a private company for at least the near future. [ Recode ] Facebook co-founder Chris Hughes says the 1 percent should give cash to working people“Fair Shot” author Chris Hughes is trying to convince America’s richest citizens to give money to working people — not education policy, not inspirational messages, not invocations to try harder. Cash. “Cash is the best thing you can do to improve health outcomes, education outcomes and lift people out of poverty,” Hughes said on the latest episode of Recode Decode, hosted by Kara Swisher. [ Recode ] Box CEO Aaron Levie sounds off on Dropbox IPODropbox is expected to go public later this month, or three years after the IPO of enterprise-focused rival Box. Each company has a distinct business model, but they often get lumped together due to their fundamental focuses on file storage and sharing. Well, plus those three shared letters in their names. Axios spoke with Box founder and CEO Aaron Levie about what surprised him in the Dropbox numbers, how the market should view Dropbox vis-à-vis Box and what he makes of Salesforce buying into the IPO. [ Axios ] How Customer Onboarding Startup Skilljar Got Two Top VC Firms To Share Its $16.4 Million Series AWhen Sandi Lin and Jason Stewart left Amazon to start their own company, they noticed one common thread between software companies in construction, retail and business: they all needed help getting employees at their customers to actually use their tools. “It surprised us how universal the experiences are,” says Lin. “We can all relate to the experience of getting frustrated with a piece of software.” [ Forbes ] Greylock investor Josh Elman is joining Robinhood, the stock-trading app, as its new product chiefVenture capitalist Josh Elman is taking a senior role at the stock-trading company Robinhood, a move that will equip Robinhood with product expertise but also reduce the amount of time Elman spends at Greylock Partners, where he has established himself as a well-known consumer investor. Robinhood said Wednesday that it had hired Elman, who worked as a product exec at big tech companies like Twitter, Facebook and LinkedIn, as its VP of product. It’s part of a broader leadership ramp up at the company as it begins to apply its no-fee trading platform to assets like cryptocurrencies. The company is also searching for VPs of engineering and customer support. [ Re/Code ] Two Female General Partners Address The Health Care Infrastructure MarketCredit Karma has acquired an instant message bot, Penny, that helps people track their spendingKindred spirits: Meet the VC firm giving startup founders skin in the gameJohn McAfee Resurfaces With a Bang as Adviser to Crypto StartupThis Japanese startup is making a hover backpack to augment jumping abilityE802: All #AskJason! Minimizing burn rate, mental health, self-funding, equity, bad behaviorWhy investors should worry when founders go quietFour British Medical Start-Ups To Watch In 2018The Trading Powerhouse Directing Profits into VC · Kim TrautmannTech's biggest unicorns are poaching talent from Amazon—no job description requiredHead of Israel's Biggest Venture Capital Fund Hired PI to Check on Women He Allegedly HarassedLUS Brands, backed by Y Combinator, wants you to love your curls32-Year-Old Professor Raises $50 Million To Make Drugs To Control GenesDigital payments firm Wibmo acquires Accel-backed MypoolinHere Are The Top States And Cities For Startups In The South |