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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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      "kind": "callout",
      "text": "Ginkgo's only \"innovation\" is blowing hundreds of millions to outfit its \"Foundry\" with fermenters and liquid handling machines from the same vendors as everyone else.",
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      "text": "Modified yeast strains are used to produce countless products, and PubMed yields thousands of papers on the subject. As we discuss in Part 2, Ginkgo's only “innovation” is blowing hundreds of millions to outfit its “Foundry” with fermenters and liquid handling machines from the same vendors as everyone else. Its “Codebase” is just a sequencing database, eclipsed by far larger, widely-available libraries online. It is no wonder that ex-employees as well as its related-party “customers” described Ginkgo as a “glorified CRO” doing standard small molecule screens; a “schtick”; “doesn’t have any unique equipment”; “I don’t think it has any really unique IP”; “hard for me to point to something that they do that is totally different than anybody else in the industry.”",
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      "kind": "quote",
      "text": "On a high level, I don’t think they’re unique and special at all...it doesn’t have any unique equipment. I don’t think it has any really unique IP.",
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      "kind": "quote",
      "text": "They can engineer a strain and test them with very high throughput. But how we are working with them now is as a kind of a glorified CRO.",
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      "text": "Yeah, I would say there’s probably—it would be hard for me to point to something that they do that is totally different than anybody else in the industry.",
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      "kind": "quote",
      "text": "The foundry itself is not unique. People for many years, whether that's Amyris or Intrexon or name your favorite pharma company, people have been doing small molecule screens and high throughput and doing similar types of work for many years.",
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      "text": "\"They can engineer a strain and test them with very high throughput. But how we are working with them now is as a kind of a glorified CRO.\" — Senior employee at Joyn; \"On a high level, I don't think they're unique and special at all...it doesn't have any unique equipment. I don't think it has any really unique IP.\" — Former employee in a managerial role; \"The foundry itself is not unique. People for many years, whether that's Amyris or Intrexon or name your favorite pharma company, people have been doing small molecule screens and high throughput and doing similar types of work for many years.\" — Former executive; \"Yeah, I would say there's probably—it would be hard for me to point to something that they do that is totally different than anybody else in the industry.\" — Current Joyn executive",
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      "text": "Source: Scorpion Capital consultation calls with experts",
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