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  "documentTitle": "Ginkgo Bioworks (DNA)",
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  "authorName": "Scorpion Capital",
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      "text": "Ginkgo charged it $19MM for foundry services in 2019 - $1.1MM per employee - with an eye-popping deferred revenue balance of $62.5MM on its books as of Dec 31, 2019, which works out to $3.7MM per Motif FTE.",
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      "text": "LinkedIn 'Total Employee Count Over Time' for Motif",
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      "text": "Motif Foodworks launched at the end of Feb 2019 with $90MM of Series A financing. Once again, Ginkgo went pedal to the metal to book revenue in amounts that are breathtaking and preposterous relative to Motif's small size.",
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      "text": "Source: Soaring Eagle Acquisition Corp prospectus 8/13/2021, Scorpion Capital analysis and estimates",
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