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  "documentTitle": "Ginkgo Bioworks (DNA)",
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  "authorName": "Scorpion Capital",
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  "presentationDate": "2021-10-06 00:00:00",
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      "text": "The culture is very toxic. What's going on with firing people who speak up? I mean, that's like Theranos. I just think that it's lying about stuff that's creating an extremely toxic culture, silencing, it's basically killing off naysayers by firing them...The culture is pretty toxic. There are some really terrible things going on.",
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      "text": "Another interesting thing is that Zymergen has way more codebase than Ginkgo. Their diversity is way higher, and that's part of why they were able to engineer that Synlogic strain and Ginkgo wasn't. Ginkgo is way outcompeted by Zymergen in that regard.",
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      "text": "In short, I think that the company is over-hyped, overvalued, and set up to have its Zymergen-like moment. You saw how the Zymergen stock crashed 80% in a day, and I would not be very surprised if that happened to Ginkgo sometime in the next year.",
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      "text": "The culture is very toxic. What's going on with firing people who speak up? I mean, that's like Theranos. I just think that it's lying about stuff that's creating an extremely toxic culture, silencing, it's basically killing off naysayers by firing them... The culture is pretty toxic. There are some really terrible things going on.",
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      "text": "“In short, I think that the company is over-hyped, overvalued, and set up to have its Zymergen-like moment. You saw how the Zymergen stock crashed 80% in a day, and I would not be very surprised if that happened to Ginkgo sometime in the next year.” — Former Ginkgo employee in a managerial role",
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      "text": "Source: Scorpion Capital consultation calls with experts",
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      "text": "An ex-Ginkgo employee in a managerial role, with numerous contacts at Zymergen, elaborated on the risk of a similar disaster; why Zymergen was better positioned than Ginkgo, if anything; and indicated that the culture at both companies is similar in that both are “like Theranos.” The ex-employee shared the example of Ginkgo related-party customer Synlogic, who switched to Zymergen for a strain engineering project, which they delivered successfully after Ginkgo failed.",
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