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  "documentTitle": "Ginkgo Bioworks (DNA)",
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  "notes": "The slide highlights the tension between Joyn's stated independence and its operational reliance on Ginkgo's infrastructure and staff.",
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      "text": "Ginkgo made “a power move” by still keeping Joyn’s engineering and synthetic biology function inside Ginkgo’s headquarters",
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      "text": "Our interviews indicated that Joyn staff have pushed back on Ginkgo’s attempts at control by setting up a second office in California, but that Ginkgo made “a power move” by still keeping Joyn’s engineering and synthetic biology function inside Ginkgo’s headquarters – presumably the 2/3 of Joyn employees who are in Boston. Research sources indicated that while Joyn, unlike other related party “customers,” wasn’t “entirely run by Ginkgo” given Bayer’s involvement, it still leveraged Ginkgo’s staff and systems.",
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      "text": "All of the engineering and that synthetic biology happens in Boston. So, there’s that. I do think that was a bit of a power move...",
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      "text": "Joyn was sort of set up as a, I mean, it was the first big joint venture, and it was set up to be independent. At the time, Ginkgo HR facilitated things, and there was some outsourcing of those types of G&A functions to Ginkgo, like they had kind of a part-time CFO, kind of independent contractor types that worked in different administration and executive functions. So, it wasn’t entirely run by Ginkgo, but it did leverage some kind of Ginkgo’s people in those roles, and it did use the same software systems and things like that.",
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      "text": "“All of the engineering and that synthetic biology happens in Boston. So, there’s that. I do think that was a bit of a power move…” — Former director-level employee; “Joyn was sort of set up as a, I mean, it was the first big joint venture, and it was set up to be independent. At the time, Ginkgo HR facilitated things, and there was some outsourcing of those types of G&A functions to Ginkgo, like they had kind of a part-time CFO, kind of independent contractor types that worked in different administration and executive functions. So, it wasn’t entirely run by Ginkgo, but it did leverage some kind of Ginkgo’s people in those roles, and it did use the same software systems and things like that.” — Former director-level employee",
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      "text": "Source: Scorpion Capital consultation calls with experts",
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