lets review jonnys 2015 reuters interview for accuracy and success
the original article - https://example.com/neos-lies
excerpts and comments
LONDON, June 26 2015 (Reuters) - One of the three founders of pioneering British online grocery retailer Ocado, which has warehouses but no stores, has taken control of a Silicon Valley-based firm with a similarly unique approach to the exploration for natural resources.
Funny this was out of London where neos had no operations. Neos also wasnt in silicon valley – the California folks were in a sleepy town called Pleasanton while most neos staff were in Denver.
Jonathan Faiman made his name in Britain in 2000 when, with no retail experience, he joined two other investment bankers from Goldman Sachs to form the online supermarket which rivals said would never work but is now a common sight on Britain’s high streets with its colourful delivery vans.
And if we know anything is transferrable to natural resource exploration its supermarket experience.
Having left Ocado as a director in 2010, the 46-year-old Faiman has now spent $150 million to buy into and become chairman of NEOS, a private firm that helps to predict which resources lie under the ground by using proprietary systems to analyse both their own and other parties’ data.
Faiman actually spent about $10 million to buy in so this is a bold faced lie.
He believes NEOS can analyse large areas at a lower cost than more traditional methods such as seismic exploration, meaning the firm has the potential to offer a helping hand to oil firms grappling with the lower oil prices, while also posing a challenge to the exploration sector. “One similarity is that the incumbents don’t value this as an approach,” he said. “And that’s a big advantage because if they did value it then this wouldn’t be an opportunity.”
Or maybe they don’t value neos methods because it adds no value.
With around 60 employees, NEOS has previously partnered with ExxonMobil, Shell and others to work in highly explored regions as well as unexplored greenfield locations.
Thanks Jon for breaking client confidentiality and exposing who we work for. Oh, and thanks for driving the business into the ground so that we now have only 12 employees.
Faiman said NEOS, which is profitable, was valued at $320 million when he invested in it last month.
And today the profits are gone and thevaluation is negative as neos owes more money to employees and vendors than it has in the bank.