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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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  "notes": "The slide uses a Q&A format to present qualitative evidence of a potential conflict of interest or undisclosed related-party transaction.",
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      "text": "We share the entrepreneur’s interpretation, but caution that we can’t attest to its accuracy: “They basically say, we would like to make an investment, and we expect you to spend that investment on Ginkgo’s services. They don’t explicitly say 100%, but I imagine they expect most of it.”",
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      "text": "They basically say, we would like to make an investment, and we expect you to spend that investment on Ginkgo's services. They don't explicitly say 100%, but I imagine they expect most of it.",
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      "text": "LinkedIn bio of First Bight founder - excerpt",
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      "text": "Synthetic biology entrepreneur notes interactions with First Bight",
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      "text": "Q&A transcript detailing the entrepreneur's experience with First Bight and their perception of the relationship with Ginkgo.",
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      "text": "We further note a new venture capital entity called First Bight Ventures, which we have not seen Ginkgo disclose. It appears to have a single employee and a one page site, with a focus on synthetic biology.",
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      "text": "Ginkgo’s name is absent from the site and the founder’s LinkedIn bio. We spoke with an entrepreneur who recently engaged with the firm, and who believed that “it’s the VC arm of Ginkgo, or that’s how they frame it.”",
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      "kind": "quote",
      "text": "“It’s the VC arm of Ginkgo, or that’s how they frame it. There is some independence. I don’t know exactly how the legality of it works, but I know Ginkgo is basically their funding mechanism... a lot of their money or investment comes back to Ginkgo.” — Synthetic biology entrepreneur",
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      "text": "Source: https://www.linkedin.com/in/wuveronica/; Scorpion Capital consultation calls with experts",
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