Hey guys,
I just did a bit of research on the team.
And I took the time to read the whole 57 pages of the whitepaper as I find that the concept sounds good and there will be regions in the world where electricity is cheap and modular mining farms will be a viable concept.
However, I found more information on the team itself, which I'd like to share with you. I added the links to the LinkedIn profiles of the team in case anyone wants to verify them. The descriptions of the members below are either taken from the whitepaper or from the homepage:
On page 53 of the whitepaper they describe the team:
https://www.linkedin.com/in/matthias-woestmann-b87922119/"Matthias Woestmann: an investor in renewable energies since the early 2000s. Woestmann financed the Berlin-based solar module producer SOLON AG, which became one of the leading German module producers. His investment vehicle Quadrat Capital GmbH has also invested in technology and service startups in Berlin. He is an expert in energy markets not only in Germany, but across Europe and beyond."
On page 54 of the whitepaper it says:
"In 2015, Matthias Woestmann met an entrepreneur from the PV ecosystem, an experienced professional, co-founder of one of the largest solar companies in Germany and
an experienced investor in PV parks globally."
What they do not mention:
It is true that Matthias Woestmann co-financed a 300 million company, it was named Solon AG and went bankrupt in 2011/2012, was rebranded and finally sold off the the United Arab Emirates.
Follow the link to see the share chart:
https://www.wallstreet-online.de/aktien/solon-aktie#t:max||s:lines||a:abs||v:month||ads:nullHere's the Wikipedia article:
https://en.wikipedia.org/wiki/Solon_SEI don't know how much he had to do with the development of the company but I think it is information worth mentioning here, as they, understandably, don't mention it in their whitepaper.
https://www.linkedin.com/in/krusenbaum/"Felix Krusenbaum: An IT-professional with over 6 years of experience as a strategy
consultant at A.T. Kearney with a focus on digital, retail and eCommerce; 10 years of startup
and programming experience; second career as a serial founder of startup companies."
On the homepage is says:
Entrepreneur, strategy consultant, IT professional. More than 10 years industry & top management consulting at A.T. Kearney
According to his LinkedIn profile has he only been at A.T. Kearney for 5 years and 8 months
-> the information on the homepage is wrong, suggesting he has been with A.T. Kearney for more than 10 years. Why do they still claim this on the homepage?
More interesting is even Jonathan Koch:
https://www.linkedin.com/in/kochjonathan/On the homepage it says:
"Jonathan Koch: Software engineer with 10 years of experience as a team leader at Rocket Internet & wooga."
According to his LinkedIn profile he was been with Rocket internet for 1 year and 1 month and with wooga for 1 year and 4 months, all in all 2 years and 5 months.
I can provide screenshots, if necessary.
The description in the whitepaper however says that he was for 10 years with these companies in the role of a team leader.
-> this information is CLEARLY wrong.
further team members are:
https://www.linkedin.com/in/seifshieshakly/https://www.linkedin.com/in/jasperhellmann/"Jasper Hellmann: a serial entrepreneur and founder of several eCommerce companies.
His expertise is in the field of social media marketing. Hellmann founded an eCommerce
company in 2016 and scaled it up to 30m euros in revenue within 12 months."
-> he has been with the company for 3 months now
https://www.linkedin.com/in/eminmahrt/https://www.linkedin.com/in/kay-bucksch-10470198/He has been with the company for 6 months according to his LinkedIn profile, since June 2017.
https://www.linkedin.com/in/nikita-fuchs-19286213/He has been with the company since October 2017, that is 6 weeks now.
https://www.linkedin.com/in/jan-ole-malchow-67368a107/He also has been with the company since October 2017.
https://www.linkedin.com/in/moritz-strube/Has been advisor since November 2017, that is 12 days for now.
In my opinion it seems strange that the information in the whitepaper doesn't always match the information on the homepage.
Furthermore, twice, there is clearly wrong information in the whitepaper/on the homepage concerning the experience of two of the team members, suggesting they have more experience than they state on their LinkedIn profiles.
I have made screeshots of all the profiles on LinkedIn just to be able to provide them in case should the information on the profiles be changed after this post.
It is not a shame not to have 10 or 20 years of experience, so what is the reason for them not to state what is correct?
Some of the team members furthermore have been with Envion only for a few months or even weeks.
All in all, this is what I have found. I wanted to share it with you guys in case anyone considers investing. Feel free to draw your own conclusions and do your own research.
Cheers