Billy Evans Admits Elizabeth Holmes 'Looks Insane' in Documentary Trailer

Elizabeth Holmes' partner Billy Evans admitted this week that Holmes "looks insane" in the trailer for the new documentary "You Can See Everything," while defending the couple's decision to let cameras into their home before she began an 11-year prison sentence. Evans spoke on the "All-In" podcast as the film by Nathan Fielder and Lance Oppenheim started its theatrical release.

Evans has not yet seen the movie, which world premiered at the Telluride Film Festival last month and has earned universal acclaim and Oscar buzz. He did not mince words about the A24 teaser trailer, which unsettled many viewers with Holmes' demeanor and her claims that she did nothing wrong at Theranos.

"I haven't seen it. I might think this is the dumbest thing I have ever done," Evans said. He conceded that Holmes "looks insane" in the trailer and acknowledged that "especially the music" in the clip carries an anti-Holmes bent.

Why did the couple open their home to cameras?

Evans said the timing was deliberate. Holmes faced an 11-year sentence and had been barred from speaking publicly, so the film would arrive only after that restriction ended.

"[The context going in] is Elizabeth is facing an 11-year sentence. She's been prevented from speaking publicly in any way, shape or form and this would come out after that period in which she is now allowed to talk," Evans said.

"There's been a lot of media produced on her. There's been a lot of people who have told her story. That narrative is pretty ossified," he continued. "The whole idea was here she is, see her and make up your own mind. It's not to re-litigate the case."

He noted that Holmes, as a practical matter, could not discuss the case on camera. "Practically, at this time she was not allowed to talk about the case, so she was gonna follow the rules and not talk about the case."

What was the film meant to achieve?

Evans framed the documentary as an attempt to scale up a personal experience. He described how the people closest to him, from his grandmother to his best friends, initially thought he was crazy for falling for Holmes.

"They'd hear I knew [Elizabeth Holmes] or I was falling for this person and now we're going to have a kid… in the beginning, every single one of these people thought I was crazy. 'Do you know who she is?'" Evans said. "I would tell them, 'I understand why you feel that way but just meet her.'"

He said those friends met Holmes in natural settings, like going on a hike or helping a friend, and "every opinion of her would radically shift." He added: "That was the intention of the film. To help scale that up and allow other people to sit with her and make up their own minds."

Is the strategy backfiring?

By most measures, yes. According to Variety, the film has only amplified the backlash against and distrust of the former Theranos CEO. The A24 teaser alone disturbed many viewers before the movie even screened for press.

Evans acknowledged the risk but said the choice belonged to him and Holmes.

"Am I nervous? I have been through so many intense, surreal experiences that it takes a bit to raise my blood pressure," Evans said. "With this there's certainly concern but it's ultimately our decision."

Holmes and Evans met in 2017. Their first child, William, was born in 2021, and their daughter, Invicta, was born in 2023. As the film moves from festival acclaim toward a wider release and possible awards campaign, the couple will learn whether audiences accept Evans' invitation to make up their own minds.