My First Million
My First Million

This 3-hour Elizabeth Holmes doc broke our brains

October 20, 2026

AI Summary

5 min read

"You Can See Everything" and the Art of Not Knowing

The new Nathan Fielder documentary about Elizabeth Holmes—titled You Can See Everything—has become the highest-rated film across Letterboxd, Rotten Tomatoes, and other aggregators, and it's the first documentary favored to win Best Picture. But here's the strange thing: after three hours of unprecedented access to Holmes, shot in extreme close-up in her tiny beach house in Del Mar just 34 days before she went to prison, viewers walk out more confused than when they walked in. As one of the hosts put it: "I saw everything and I know less than I knew at the beginning."

The Setup: A Documentary That Becomes a Trap

Nathan Fielder, known for his shows Nathan for You and The Rehearsal—where he builds elaborate fake realities to explore human behavior—moved in with Holmes, her fiancé Billy, and their two young children for 34 days before her prison sentence began. The premise was simple: let the cameras observe, try to understand who this woman really is. Is she a misunderstood idealist who got railroaded? A master manipulator who knowingly defrauded investors and patients? Or something in between?

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What you'll learn

  • 1 (00:00) **Introduction & Spoiler Warning** - The hosts introduce the movie discussion about the Nathan Fielder/Elizabeth Holmes documentary, warning of spoilers.
  • 2 (01:01) **Movie Premise & Setup** - The hosts explain the documentary's premise: Nathan Fielder moves in with Elizabeth Holmes 34 days before she goes to prison.
  • 3 (03:52) **The "You Can See Everything" Effect** - The hosts discuss the film's unique cinematography and how it creates confusion about Holmes' true nature.
  • 4 (04:37) **30-Second Summary & The Fraud** - Sean gives a summary of the movie and explains the Theranos fraud for Sam.
  • 5 (10:35) **The Confusion & The "Fake It Till You Make It" Defense** - The hosts debate whether Holmes is a master manipulator or a true believer.
  • 6 (12:29) **Billy: The Husband/Fiancé** - The hosts introduce Billy, Holmes' partner, and describe his controlling and manipulative behavior.
  • 7 (14:49) **The Money Negotiation** - The hosts discuss a key scene where Billy secretly asks for a cut of the documentary's profits.

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Guests on this episode

Show Notes

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Episode 874: Shaan Puri ( https://x.com/ShaanVP ) and Sam Parr ( https://x.com/theSamParr ) are breaking down the best documentary of the year. 

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My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano /


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