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      "text": "It is not the next Illumina. It's probably going to fizzle out.",
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      "text": "Doesn't think competitors see enough opportunity in BLI's niche to compete, but that they could easily crush them with a radically cheaper device if they saw BLI gaining any traction",
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      "text": "Thinks 10X Genomics will be more successful than Berkeley Lights",
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      "text": "\"I've been in the biotechnology industry for a long time. These types of companies are really hard to scale and to make money off... It is not the next Illumina. It's probably going to fizzle out.\"",
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      "text": "\"Illumina had 90% market share in five years, and 10X is doing the same thing with these data structures. I'm bullish... I'm more bullish on 10X than I would be on Berkeley Lights.\"",
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      "text": "\"I don't know what they own the IP on if it's the cell channels or the process... there are so many different ways that modern nano and micro-fluidics can come up with something that would compete with Berkeley Lights that could be cheaper...\"",
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      "text": "I don't know what they own the IP on if it's the cell channels or the process—the optofluidics thing to move a cell. So, it's hard for me to say. Here's the thing, there are so many different ways that modern nano and micro-fluidics can come up with something that would compete with Berkeley Lights that could be cheaper... If people start using it, then we'll come up with something that costs a quarter of what this costs, and we'll low-ball them because all these pharma authorities spend $20-30 million with us every year. — Bristol Meyers employee #1",
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      "text": "Source: Scorpion Capital consultation calls with experts",
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      "text": "Bristol Meyers employee #1 (cont'd): Competitors don't see enough opportunity in BLI's niche but could easily crush them with a radically cheaper device; BLI is not the next Illumina and will fizzle out; thinks 10X Genomics will be more successful.",
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