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  "docSlug": "c358888161f0",
  "documentTitle": "Ginkgo Bioworks (DNA)",
  "authorId": "58_Scorpion_Capital",
  "authorName": "Scorpion Capital",
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  "sourceTypeSlug": "short_seller",
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  "presentationDate": "2021-10-06 00:00:00",
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  "notes": "Uses screenshots of job boards as evidence of stagnation.",
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      "text": "It lists only two open positions on its website as well as on LinkedIn – again, a striking fact for a “independent” company that raised $50MM in Oct 2020, and one from which Ginkgo already reports a $38MM deferred revenue balance as of Mar 31, 2021.",
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      "text": "Same 2 job postings listed on LinkedIn",
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      "text": "deferred revenue: $38MM",
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      "kind": "source-note",
      "text": "Source: https://allonnia.topgradinghire.com/",
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      "text": "Source: https://www.linkedin.com/company/allonnia/jobs/",
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      "text": "Nor does Allonnia appear to have any plans to grow. It lists only two open positions on its website as well as on LinkedIn – again, a striking fact for a “independent” company that raised $50MM in Oct 2020, and one from which Ginkgo already reports a $38MM deferred revenue balance as of Mar 31, 2021. We note Ginkgo also booked actual revenue of $5MM from Allonnia in 2020, and $2.3MM in Q1 2021 – an annualized $9.2MM run rate.",
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