Elizabeth Holmes Plans 'Theranos 2.0.' Nathan Fielder Has It on Film.

In 2023, 34 days before Elizabeth Holmes reported to federal prison in Texas to begin her 11-year sentence for fraud and conspiracy, she invited Nathan Fielder into her rented Del Mar beach house. She chose him. Fielder, the comedian and director whose career is built entirely on filming people as they try and fail to manage their own image, moved in two weeks before she left.

The result is "You Can See Everything," a 174-minute A24 documentary that opened in roughly 800 North American theaters Friday. Opening weekend projections put it between $7 million and $10 million, which would rank among the strongest starts for a documentary in years.

She Told Fielder She Has Never Told a Lie

Over weeks of filming, Holmes and Fielder had long, intense conversations shot in extreme close-up. Per the WBUR review, she told him she has never told a lie as an adult. When shown specific Theranos statements that prosecutors had argued were false, she used convoluted wordplay to explain the discrepancy. Fielder showed her an Abbott and Costello clip. She said she had never heard of them, and stared at the screen.

Billy Evans, Holmes's partner and the father of her two young children, was present throughout. He and Holmes discussed launching "a new and improved Theranos" during the filming period. Per the Boston Globe's Telluride report, Evans repeated the word "lasers" multiple times in describing the plan.

Fielder: 'I Don't Know Why I'm There'

At the film's world premiere, an unannounced secret screening at the Telluride Film Festival in September 2026, Fielder told reporters: "I don't know why I'm there." He added that he is "really struggling to this day to understand what I experienced." The film follows Holmes into prison at the 90-minute mark, then picks up two years into her incarceration, extending the portrait across a three-year span.

WBUR called the film "a gut-busting cringe comedy that doubles as an unexpectedly hefty philosophical inquiry into the nature of perception." Screen Daily described it as "an uneasy treatise on love, reality television, and the ways filmmakers try, and often fail, to capture real life."

The Brand Play Hidden in Plain Sight

Holmes chose Fielder. That is the detail the documentary keeps returning to. Fielder built his career on a single observation: people trying to perform authenticity on camera reveal everything they were trying to hide. "Nathan For You" and "The Rehearsal" are both extended laboratories for this phenomenon. Holmes invited this man into her home for 34 days and performed innocence at him.

Two readings are possible, and the documentary does not settle either one. If Holmes understood Fielder's work before she chose him, she believed she could beat him at his own game, which is exactly the kind of confidence that built Theranos and the kind that eventually collapsed it. If she did not understand his work, she failed to do due diligence on the filmmaker who would document the most consequential weeks of her life, which is also a Theranos story.

Either way, A24 has turned her pre-prison weeks into a prestige theatrical release. The secret Telluride premiere generated the kind of press money cannot easily buy. Early screenings sold out before opening weekend. Whether Holmes gamed the system one final time or stumbled into the best possible outcome, the documentary exists, and audiences are showing up.

Ad Watch News is an independent commentary site and has no affiliation with Elizabeth Holmes, Theranos, A24, Nathan Fielder, or Lance Oppenheim.

Sources & further reading

• WBUR: "You Can See Everything" review (October 14, 2026)
• Boston Globe: Elizabeth Holmes documentary upends Telluride Film Festival (September 11, 2026)
• Koimoi: "You Can See Everything" box office projections (October 2026)
• Wikimedia Commons: Elizabeth Holmes at TechCrunch Disrupt 2014 (Max Morse for TechCrunch, CC BY 2.0)