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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 screenshot of a Massachusetts corporate filing to support the claim of shared office space and management.",
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      "kind": "callout",
      "text": "Managers listed include Ginkgo founders Jason Kelly and Reshma Shetty.",
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      "text": "Principal Office listed as Ginkgo's corporate headquarters: 27 DRYDOCK AVE, FLOOR 8 BOSTON, MA 02201",
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      "kind": "callout",
      "text": "While it appears more substantive on the surface as an entity engaged in legitimate - albeit failed - R&D, later sections discuss why we believe that Ginkgo uses it as just another front to create fictitious revenue.",
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      "text": "Massachusetts Business Entity Summary for Joyn Bio LLC",
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      "text": "Related party Joyn Bio LLC was formed in 2017 and its MA corporate filings yet again list Ginkgo's corporate headquarters as its \"Principal Office.\" The managers listed are Jason Kelly, Ginkgo's CEO; Reshma Shetty, Ginkgo's co-founder; the head of the venture; and two individuals from Bayer. LinkedIn and our interviews with employees of join suggest Joyn has ~60-70 employees. While it appears more substantive on the surface as an entity engaged in legitimate - albeit failed - R&D, later sections discuss why we believe that Ginkgo uses it as just another front to create fictitious revenue.",
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      "text": "Source: https://corp.sec.state.ma.us/CorpWeb/CorpSearch/CorpSummary.aspx?sysvalue=G6oVLU1MDhlCPzCdxyvTQoKd2TSw9Cn4iAr1D9zAivw-",
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