{
  "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": 21,
  "pageCount": 175,
  "prevPage": 20,
  "nextPage": 22,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "dense",
  "nDataPoints": 1,
  "notes": "The slide uses a 'guilt by association' tactic, linking major investors (Cascade, General Atlantic) to individuals with controversial pasts (Michael Larson, Michelle Dipp).",
  "elementsJson": [
    "paragraph",
    "screenshot",
    "other"
  ],
  "metadataConfidence": 0.95,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b9a-1a3bea94baf9/21",
  "deckHref": "/decks/019dd923-622c-750b-8b9a-1a3bea94baf9",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b9a-1a3bea94baf9.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-1a3bea94baf9#slide-21",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "In 2020 Dipp settled fraud charges with the SEC and quietly departed GA along the way. She remains a huge Ginkgo fan.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-2b62-723f-b686-9c0d6238210c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.39,
        "x": 0.53,
        "y": 0.58
      },
      "kind": "image",
      "text": "Dipp is active on Twitter re Ginkgo",
      "attrs": null,
      "subkind": "screenshot",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4ab77de8-3ac6-4de2-9d76-569a9ea3f9b2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.42,
        "x": 0.08,
        "y": 0.58
      },
      "kind": "image",
      "text": "SEC press release on fraud settlement with Dipp",
      "attrs": null,
      "subkind": "screenshot",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8d61399c-878f-4b45-a90a-69082377860d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.45,
        "w": 0.84,
        "x": 0.08,
        "y": 0.08
      },
      "kind": "paragraph",
      "text": "After Viking, the second and third largest holders of Ginkgo are Cascade and General Atlantic. Cascade is a Bill Gates vehicle, though we suspect he’s barely aware of Ginkgo as the CIO is Michael Larson, whose conduct was the subject of a recent New York Times investigation. General Atlantic’s investment was sponsored by Michelle Dipp, an individual we have followed for years and who is a gift that keeps on giving to those who short scams. She was previously CEO of Ovascience, which fell 99% and remains the most revolting situation we have encountered, for reasons that are sordid and still only known by few. GA CEO Bill Ford trumpeted her hiring as a Managing Director in 2017. We recall chuckling at their due diligence. In 2020 Dipp settled fraud charges with the SEC and quietly departed GA along the way. She remains a huge Ginkgo fan.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a4d67249-6837-4964-a20d-0c954554fd4a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "quote",
      "text": "SEC Charges Former Biotechnology Company CEO for Misleading Investors — SEC Press Release",
      "attrs": null,
      "subkind": null,
      "toolName": "Authority citation",
      "toolSlug": "authority-citation",
      "confidence": null,
      "componentId": "019dd953-2b62-723f-b686-a0daaa4e7e2d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.45,
        "x": 0.08,
        "y": 0.95
      },
      "kind": "source-note",
      "text": "Source: https://www.sec.gov/enforce/33-10794-s; https://twitter.com/dipp/status/1392173411766575111",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d966177c-f5ad-4983-b48c-f1dce735a6e0",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "antagonist-introduction",
      "slug": null,
      "matchId": "42f36eb0-d013-4e1e-97e8-cc8089b79fa8",
      "evidence": "The slide frames specific individuals (Dipp, Larson) as antagonists to undermine the credibility of the company's investors.",
      "confidence": 0.85
    }
  ],
  "arcBeats": [
    {
      "to": 29,
      "from": 7,
      "beatId": "e2f93575-983e-42f9-ba25-92d6aaff36aa",
      "arcName": "Overcoming the Monster",
      "arcSlug": "overcoming-monster",
      "beatName": "Villain Critique",
      "beatSlug": null,
      "evidence": "The deck critiques Ginkgo's founders and business practices.",
      "position": 0,
      "confidence": 0.8,
      "parentBeatName": null,
      "parentBeatSlug": null
    },
    {
      "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
}