{ "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": 61, "pageCount": 175, "prevPage": 60, "nextPage": 62, "slideType": "expose_contradiction", "function": "expose_contradiction", "density": "overcrowded", "nDataPoints": 5, "notes": "The slide uses quotes from a 'Senior Genomatica employee' to substantiate claims of related-party transactions and investment circularity.", "elementsJson": [ "paragraph", "screenshot", "quote_block" ], "metadataConfidence": 0.95, "imagePath": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-1a3bea94baf9/61", "deckHref": "/decks/019dd923-622c-750b-8b9a-1a3bea94baf9", "deckJsonHref": "/decks/019dd923-622c-750b-8b9a-1a3bea94baf9.json", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-1a3bea94baf9#slide-61", "components": [ { "bbox": null, "kind": "callout", "text": "Genomatica illustrates how Ginkgo injects cash into related-party “customers,” with Ginkgo investors like Viking, Casdin, and others playing a central role.", "attrs": null, "subkind": null, "toolName": "Visual emphasis", "toolSlug": "visual-emphasis", "confidence": null, "componentId": "019dd953-2b62-723f-b689-d8bac07260fd", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.03, "w": 0.4, "x": 0.05, "y": 0.36 }, "kind": "list", "text": "Article indicates Viking is Genomatica’s largest holder and Casdin led a round", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "09e8b4e3-c79b-4175-964c-51888f663811", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.08, "w": 0.9, "x": 0.05, "y": 0.23 }, "kind": "paragraph", "text": "The Genomatica employee indicated that Ginkgo invested $15MM in 2016, followed by Viking leading a $60-70MM round, and Casdin leading one after that. We have not verified these amounts but note articles that corroborate the information.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "731f0f9d-e35d-4a4e-b4fa-a932d8df0f8a", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.85, "x": 0.05, "y": 0.58 }, "kind": "quote", "text": "Ginkgo's cash investment in Genomatica was simply the $15 million back in 2016. Viking has invested—let me do quick math. Let's say somewhere between $60 and 70 million, something like that.", "attrs": null, "subkind": "testimonial", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "1c327086-c89a-46ed-9470-c94057843895", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.1, "w": 0.9, "x": 0.05, "y": 0.78 }, "kind": "quote", "text": "This is 2016. Ginkgo invested in August/September, and then it was maybe about four or five months later, then Viking came in. About two years later, we did another round where we got Casdin Capital; you may be familiar with them. They invested and led a round in Genomatica. We got introduced to them through Ginkgo.", "attrs": null, "subkind": "testimonial", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "8fea5e94-069c-41e0-aaea-ff1f6ed315e0", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "quote", "text": "“Ginkgo's cash investment in Genomatica was simply the $15 million back in 2016. Viking has invested—let me do quick math. Let's say somewhere between $60 and 70 million, something like that.” — Senior employee of Genomatica; “Yes. Ginkgo is a little bit north of Casdin; they're close to Novo” — Senior Genomatica employee; “This is 2016. Ginkgo invested in August/September, and then it was maybe about four or five months later, then Viking came in. About two years later, we did another round where we got Casdin Capital; you may be familiar with them. They invested and led a round in Genomatica. We got introduced to them through Ginkgo.” — Senior Genomatica employee", "attrs": null, "subkind": null, "toolName": "Authority citation", "toolSlug": "authority-citation", "confidence": null, "componentId": "019dd953-2b62-723f-b689-dc6f42f62e7c", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02, "w": 0.7, "x": 0.05, "y": 0.96 }, "kind": "source-note", "text": "Source: Scorpion Capital consultation calls with experts; https://www.globalcosmeticsnews.com/genomatica-closes-90-million-financing-to-grow-sustainable-technologies/", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "20c82bfe-962e-433d-93c0-6229ea28b1f6", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.9, "x": 0.05, "y": 0.08 }, "kind": "title", "text": "Genomatica illustrates how Ginkgo injects cash into related-party \"customers,\" with Ginkgo investors like Viking, Casdin, and others playing a central role.", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "91993a45-b6d3-4457-977d-ff8fd5fedd91", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [ { "name": "fraud-exposure", "slug": null, "matchId": "d1b1a457-dfe7-4f3b-8174-07b8d5294c73", "evidence": "The slide explicitly attempts to expose circular investment patterns between a company and its customers.", "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 }