Footage of Elizabeth Holmes and her partner Billy Evans accumulated across 34 shooting days before her prison sentencing, gathered through a documentary collaboration between Lance Oppenheim and Nathan Fielder. The film chronicled the entrepreneur's life in the period leading up to her conviction and incarceration.
Production on the documentary extended close to the present, with the crew pursuing communication with Holmes throughout her incarceration. Released to cinema screens around the world, the documentary draws on Holmes' personal life, her relationship with her partner, and the events that unfolded at the company.
The documentary offered a window into Holmes' day-to-day life at her California coastal residence in the period leading up to her scheduled self-surrender. Running close to three hours in total length, the documentary reaches its conclusion in October 2025, at which point Fielder tracks down Billy Evans — Holmes's partner — along with the business venture Evans had been working to establish.
After Holmes surrendered to authorities and was handed an 11-year sentence for wire fraud and conspiracy, the filmmakers' access to her effectively ended. To help address narrative gaps, Amanda Seyfried — known for her role in "The Housemaid" — was brought onto the project, having previously taken on the fictional portrayal of Holmes both on screen in the film and in the 2022 television series "The Dropout."
Portraying Holmes and Evans required Seyfried and her co-star to work through their scenes together, a process that became necessary after Fielder found no way to reach Holmes during the period of her incarceration. In the documentary's closing moments, Fielder addresses the profit-sharing arrangement that Evans negotiated with the production team behind the film.
The transaction Evans arranged proceeded without any awareness on Holmes' part. Because on-set recording equipment and cameras were prohibited, Seyfried recreated the moment on screen — something the director had wanted to convey to Holmes directly.
By the film's close, it becomes clear that Evans stepped back from his position on the documentary and will receive no share of its financial returns. When Fielder raised the matter of the deal with Evans — and the fact that Holmes had been left out of it — Evans told him the omission had been intentional, saying he had not wanted her to know about it at the time.
Fielder and Holmes wade into open water together in the closing moments of "You Can See Everything." Footage capturing that sequence had been recorded during the period immediately before she began her prison term.
Holmes built Theranos — a health technology venture that later shut down — and held both its founding and chief executive roles. At 19, Holmes departed Stanford before earning her degree and subsequently launched the health technology company. Her assertions centred on the company having developed technology capable of running a battery of medical diagnostics from nothing more than a drop of blood.
Investor backing accumulated over time, her public assertions about the technology persisted throughout, and the company's valuation eventually reached USD 10 billion. Reporting by the Wall Street Journal found that the firm had relied on conventional testing technology throughout its operations, while Holmes repeatedly put out inaccurate information to investors, partners, and the broader public.
After reporting to custody in 2023, Holmes began carrying out an 11-year term, and a transfer to a halfway house is scheduled within the next year.