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  "documentTitle": "QuantumScape (QS)",
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  "authorName": "Scorpion Capital",
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  "presentationDate": "2021-04-15 00:00:00",
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      "text": "A key feature of the largest frauds is often the backing of a famous investor or corporate partner, in this case VW - \"the smart money\" - that lends credibility to the scam.",
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      "kind": "list",
      "text": "GM Ventures Makes Strategic Investment in Sakti3\nNikola and General Motors Form Strategic Partnership; Nikola Badger to be Engineered and Manufactured by General Motors\nBattery startup Seeo finds a backer in Samsung",
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      "text": "The largest investor in Sino-Forest was billionaire John Paulson; in Luckin Coffee, it was a famed hedge fund; Walgreens, Safeway, and the who's who backed Theranos; JP Morgan vouched for Madoff; GM blessed Nikola, an epic hoax.",
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      "text": "A key feature of the largest frauds is often the backing of a famous investor or corporate partner, in this case VW - \"the smart money\" - that lends credibility to the scam. Without \"validation,\" a fraud can't super-scale in the first place.",
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      "text": "The EV battery space - especially within solid-state - is particularly known for the number of frauds and flops that once made audacious claims similar to QS, as we later detail - such as Sakti3, Envia, A123, Seeo, Pellion, etc. A common trait of once-hyped battery scams is the presence of a major automaker who lent credibility by partnering or investing.",
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      "text": "Source: https://media.gm.com/media/us/en/gm/home.detail.html/content/Pages/news/us/en/2020/sep/0908-gen2fcs.html ; https://eepower.com/news/gm-ventures-makes-strategic-investment-in-sakti3/#; https://www.yahoo.com/news/weather/battery-startup-seeo-finds-backer-110021883.html",
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      "text": "1) Introduction to Quantumscape",
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