{ "docId": "019dd923-622c-750b-8b9a-1a3bea94baf9", "docSlug": "c358888161f0", "documentTitle": "Ginkgo Bioworks (DNA)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2021-10-06 00:00:00", "orientation": "landscape", "aspectRatio": 1.2941177, "pageNumber": 158, "pageCount": 175, "prevPage": 157, "nextPage": 159, "slideType": "expose_contradiction", "function": "expose_contradiction", "density": "dense", "nDataPoints": 1, "notes": "The slide uses a testimonial-based approach to undermine the company's core technology claims.", "elementsJson": [ "paragraph", "quote_block", "footnote" ], "metadataConfidence": 0.95, "imagePath": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-1a3bea94baf9/158", "deckHref": "/decks/019dd923-622c-750b-8b9a-1a3bea94baf9", "deckJsonHref": "/decks/019dd923-622c-750b-8b9a-1a3bea94baf9.json", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-1a3bea94baf9#slide-158", "components": [ { "bbox": null, "kind": "callout", "text": "The executive indicated he and his team personally signed 20 collaborations and “zero percent panned out.”", "attrs": null, "subkind": null, "toolName": "Visual emphasis", "toolSlug": "visual-emphasis", "confidence": null, "componentId": "019dd953-2b63-72e1-b601-02d82adcc888", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.9, "x": 0.05, "y": 0.23 }, "kind": "paragraph", "text": "The executive indicated he and his team personally signed 20 collaborations and “zero percent panned out.” He stated the syntenic customers were generally major, well-known names, and stated the actual number of failed collaborations is higher, as Ginkgo fails to list many of them: “Those collaborations are just gone. They just ended them.”", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "f59f0464-d9cb-4728-be85-b305dda325e1", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.9, "x": 0.05, "y": 0.65 }, "kind": "quote", "text": "Failed collaborations aren’t even listed – “just gone,” “just ended them.” “I was involved in setting up and bringing in Joyn, that collaboration, and also Genomatica... those collaborations are just gone. They just ended them.”", "attrs": null, "subkind": "testimonial", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "208bcfe1-aff8-4aeb-9635-057a96d59763", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.9, "x": 0.05, "y": 0.45 }, "kind": "quote", "text": "All hype with little substance and no materially successful products to date. “One thing that Jason’s really good at is publicizing success... they’re likely zero percent that panned out. When I was there, between my team and me, we signed 20...\"", "attrs": null, "subkind": "testimonial", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "edbe30da-1c4e-4b47-b4e0-e0450a96eec8", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "quote", "text": "“One thing that Jason’s really good at is publicizing success. So, if any of those collaborations were successful, he would have publicized it, and I haven’t seen any of those publicized. So, as far as I’m concerned, they’re likely zero percent that panned out. When I was there, between my team and me, we signed 20...I mean, every single one of these companies were—if I named the name of the company, you would have heard of them. They may not all have been Fortune 500, but a bunch of them were.” — Former Ginkgo executive; “I was involved in setting up and bringing in Joyn, that collaboration, and also Genomatica. There were many others on top of that they didn’t list. In many cases, those collaborations are just gone. They just ended them. They also—and I’m pretty sure it’s buried somewhere in there, and if not, you can find it elsewhere—they also have a collaboration with Amyris, and that ended as well.” — Former Ginkgo executive", "attrs": null, "subkind": null, "toolName": "Authority citation", "toolSlug": "authority-citation", "confidence": null, "componentId": "019dd953-2b63-72e1-b601-0588720f19bf", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.03, "w": 0.3, "x": 0.05, "y": 0.95 }, "kind": "source-note", "text": "Source: Scorpion Capital consultation calls with experts", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "c4908524-477d-4298-aee0-32f6a162ed2e", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.9, "x": 0.05, "y": 0.08 }, "kind": "title", "text": "Given Ginkgo’s abject, decade-long failure to deliver strains that work – a devastating indictment of the secret sauce behind its “Foundry” and “Codebase” - the color from an ex-business development executive and others was revealing.", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "207958ff-6e54-4a6e-829b-81512502dc40", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [ { "name": "fraud-exposure", "slug": null, "matchId": "772beb94-cdbe-4b16-96cb-8754cb196f98", "evidence": "The slide explicitly aims to expose a contradiction between public claims and internal reality regarding collaboration success.", "confidence": 0.9 } ], "arcBeats": [ { "to": 175, "from": 9, "beatId": "ffe290af-3a4f-4e06-8d60-dfbfc07d2e08", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "The deck presents evidence contradicting Ginkgo's claims and highlighting potential wrongdoings.", "position": 1, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }