A newly released trailer for an extraordinary documentary about Theranos founder Elizabeth Holmes offers a rare look inside her life during the final weeks before she entered federal prison, with filmmaker Nathan Fielder repeatedly pressing her on whether she is telling the truth.
The A24 documentary, “You Can See Everything,” was filmed by Fielder and director Lance Oppenheim after Holmes invited a camera crew into her home just 34 days before she reported to prison in May 2023. What began as a portrait of Holmes before incarceration ultimately developed into a three-year filmmaking project.
The full trailer puts Holmes’ continuing claims of innocence at the center of the film.
“You really feel you did nothing wrong?” Fielder asks her.
“I did not,” Holmes replies.
The exchange immediately establishes the tension running through the documentary: Holmes wants viewers to see a side of her that she believes was lost during the collapse of Theranos and her criminal prosecution, while Fielder appears determined to test the version of events she presents.
At another point in the trailer, Holmes tells him: “I don’t have anything to hide.”
Elizabeth Holmes gives filmmakers extraordinary access
The documentary goes considerably further than a conventional sit-down interview.
Fielder moved into the guest house at the Southern California home Holmes shared with her partner, Billy Evans, and their children, allowing the filmmakers to document family life as the date of her imprisonment approached.
The unusual arrangement makes the question of access itself part of the story. Holmes tells Fielder in the trailer that the period before she goes away is the moment to document her story. Fielder, meanwhile, questions whether she is concerned about giving a filmmaker virtually unrestricted access to her household.
That dynamic becomes increasingly uncomfortable as the trailer progresses. Rather than simply recounting the familiar rise and collapse of Theranos, “You Can See Everything” appears to examine whether Holmes can control the story being told about her—and whether the filmmakers themselves can determine what is authentic.
The film’s official description calls the project a journey that began as an intimate portrait and grew into something far more complicated over three years.
The Theranos scandal behind the documentary
Holmes founded Theranos with the promise of transforming medical testing through technology that she claimed could perform numerous blood tests using only tiny amounts of blood. The company became one of Silicon Valley’s most celebrated startups, and Holmes was once promoted as one of the technology industry’s most important young entrepreneurs.
Theranos eventually collapsed amid revelations that its technology did not perform as represented and following investigations into statements made to investors. A federal jury convicted Holmes in January 2022 of one count of conspiracy to defraud investors and three counts of wire fraud involving investors.
She was sentenced later that year to 135 months—11 years and three months—in federal prison.
Holmes was not convicted of defrauding Theranos patients. Jurors acquitted her on the patient-related conspiracy charge and three patient fraud counts, while other investor-related counts ended without a unanimous verdict. She has continued to maintain her innocence.
A different Elizabeth Holmes on camera
Holmes has been the subject of books, podcasts, documentaries and dramatizations since the Theranos scandal erupted.
What distinguishes “You Can See Everything” is her direct participation.
Previous productions largely examined Holmes from outside. Here, she invited the filmmakers into her private life at one of its most consequential moments. The trailer shows her at home, interacting with Fielder and discussing how she sees herself years after becoming one of the most recognizable figures associated with Silicon Valley fraud.
There are also moments that appear deliberately difficult to interpret. The early teaser showed Holmes insisting she had no reason to deceive Fielder before telling him she was “always being real.” The resulting stare between Holmes and Fielder became one of the first widely discussed images from the film.
The full trailer expands on that uncertainty. Fielder asks direct questions about Holmes’ innocence, her relationship with Evans and whether what he is witnessing can be trusted. Holmes, in turn, appears determined to make the case that the person being filmed is different from the public figure millions came to associate with Theranos.
Nathan Fielder turns the camera on the question of truth
The choice of Fielder as one of the filmmakers is itself unusual. Best known for “Nathan for You” and “The Rehearsal,” Fielder has built much of his career around situations in which reality, performance and manipulation become deliberately difficult to separate.
Oppenheim, his co-director, is known for documentaries including “Some Kind of Heaven.”
Their approach makes Holmes an unusually fitting subject.
The film does not appear interested merely in asking whether Theranos failed or whether Holmes was convicted. Those questions are already matters of public record. Instead, the trailer suggests a more uncomfortable question: what happens when someone whose public image has become synonymous with deception is given an opportunity to present herself directly to a camera?
The filmmakers appear reluctant to provide an easy answer.
‘You Can See Everything’ arrives in theaters in October
The documentary was produced largely in secret and first surfaced publicly with a surprise screening at the Telluride Film Festival. It has since screened at the New York Film Festival and will be released in theaters by A24 on October 16.
At 174 minutes, the film devotes nearly three hours to Holmes, her family and the filmmakers’ attempt to understand the person behind one of Silicon Valley’s most infamous corporate collapses.
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