TELLURIDE, Colo. — Thirty-four days before beginning an 11-year prison sentence for defrauding investors, Elizabeth Holmes, founder of the now-defunct medical testing company Theranos, allowed filmmakers unprecedented access to her life in an effort to reshape her public image. This unprecedented cooperation resulted in a three-hour documentary titled “You Can See Everything,” which had a secret world premiere at the Telluride Film Festival on Sunday evening. The film is set for theatrical release by A24 on October 16.
Holmes invited comedian Nathan Fielder, known for his work on “Nathan for You,” and documentary director Lance Oppenheim into her Southern California rental home, initiating a three-year filming process that captured intimate and often intense conversations. The footage includes close-up interviews and moments rarely seen in documentaries, as Fielder moved into the home just two weeks before Holmes began her prison term at the Federal Prison Camp in Bryan, Texas.
In the documentary, Holmes and her partner, Billy Evans, discuss plans to “launch a new and improved Theranos,” suggesting ongoing ambitions despite the company’s collapse following scrutiny over its faulty blood-testing technology, which was exposed in a 2015 investigation by The Wall Street Journal. Due to the limitations of on-camera interviews, the film employs inventive re-creations to depict key events.
Fielder expressed uncertainty about the experience in a post-screening discussion, saying he continues to grapple with what he witnessed during filming. He emphasized that Holmes and Evans had multiple opportunities to halt filming, underscoring the complexity of the interactions that unfolded. “I don’t know why I’m there,” Fielder stated, acknowledging the film’s ambiguous and unsettling tone.
Holmes’ story has previously been the subject of two documentaries—“The Inventor: Out for Blood in Silicon Valley” (2019) and “Valley of Hype: The Culture That Built Elizabeth Holmes” (2021)—as well as the Hulu miniseries “The Dropout” (2022), which featured a dramatized portrayal by Amanda Seyfried. However, in contrast to those projects, Holmes actively participated in “You Can See Everything.” The documentary also frequently references a May 2023 New York Times profile titled “Liz Holmes Wants You to Forget About Elizabeth.” While Holmes and Evans dispute how she was quoted in that article, the publication and interview author Amy Chozick stand by their reporting, a stance acknowledged in the film.
Originally, the plan was for Fielder to remain behind the camera alongside Oppenheim. Yet the unpredictable and often disconcerting dynamics between the filmmakers and Holmes’ household led Fielder to take a more prominent, on-screen role. Oppenheim, whose previous work includes the documentary “Some Kind of Heaven,” noted the film’s thematic exploration of ambiguity, stating that despite the intelligence and skill involved, no one involved could fully comprehend what was happening in the house. This uncertainty motivated the filmmakers to continue their project, resulting in a documentary that challenges traditional forms and expectations.
