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  "documentTitle": "Ginkgo Bioworks (DNA)",
  "authorId": "58_Scorpion_Capital",
  "authorName": "Scorpion Capital",
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  "sourceTypeSlug": "short_seller",
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  "presentationDate": "2021-10-06 00:00:00",
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  "notes": "Uses a red circle to highlight the specific data column in the table for Motif.",
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      "kind": "callout",
      "text": "Ginkgo still recorded $21MM of foundry revenue from it for 2020 - about $1MM per Motif FTE.",
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      "text": "revenue per employee: $1MM",
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      "text": "LinkedIn indicates Motif had only 30 employees as of Dec 2020... Ginkgo still recorded $21MM of foundry revenue... Ginkgo booked $10.1MM of revenue in 1H 2021, with an average employee count of 41... still an annualized $500K per head.",
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      "text": "Source: Soaring Eagle Acquisition Corp prospectus 8/13/2021, Scorpion Capital analysis and estimates",
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      "text": "Excerpts from Prospectus, Aug 13, 2021. Foundry revenue for 2020 and 1H 2021 by partner.",
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      "text": "The “revenue” that Ginkgo continues to book from Motif remains absurd.",
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