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  "notes": "The slide uses expert interview quotes to frame the customer as a non-diligent, spendthrift entity.",
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      "text": "The center appears to be spending recklessly on anything “new” because it has to; appears to have done no diligence on BLI; and became nervous and asked us for details about other customers’ experience: “we just spend money; we don’t make money.”",
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      "text": "Approximately $700MM to spend on capex plus another $700MM on top of that. \"As a foundation, we have more than $700 million of budget that we can use up in three years. On top of that, we have another capex budget that is more or less, equivalent to our other budget, a little bit less.\"",
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      "text": "Purchased 5 instruments in the last 2 years. \"We became a very good customer, and we have bought several of their systems, including the Beacon and its Lightning... We went from zero to five instruments in the last two years.\"",
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      "text": "The center's mission suggests it can be spendthrift. \"We are a non-profit, so we just spend money. We don't make money. Our main mission is not to create patents or to make money. It's to spend the money in a way that can advance science and particular therapies.\"",
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      "text": "CHAN ZUCKERBERG BIOHUB, a nonprofit initiative funded by Mark Zuckerberg, may be BLI's second largest customer after Amgen, with about 5 BLI machines bought in the last 2 years. We interviewed a scientist closely involved in the purchase decision, who has little direct experience with the tool and said they have to use up a $700MM capex budget within three years. The center appears to be spending recklessly on anything \"new\" because it has to; appears to have done no diligence on BLI; and became nervous and asked us for details about other customers' experience: \"we just spend money; we don't make money.\"",
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      "text": "“we just spend money; we don’t make money.” — Chan Zuckerberg Biohub source",
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      "text": "Source: Scorpion Capital consultation calls with experts",
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      "text": "2N) Chan Zuckerberg Biohub",
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