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  "documentTitle": "QuantumScape (QS)",
  "authorId": "58_Scorpion_Capital",
  "authorName": "Scorpion Capital",
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  "presentationDate": "2021-04-15 00:00:00",
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  "notes": "The slide uses a sarcastic 'Market Cap per Powerpoint Slide' metric to undermine the company's credibility.",
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      "text": "This leads us to pen a new valuation metric - \"Market Cap per Powerpoint Slide\" - in this case, about $2B for each tantalizing crumb.",
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      "text": "Quantumscape, across its investor materials, has only released about 7 key “data” slides with a few scraps of information. This leads us to pen a new valuation metric - “Market Cap per Powerpoint Slide” - in this case, about $2B for each tantalizing crumb.",
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      "text": "Quantumscape recently went public through the backdoor mechanism of a SPAC. The company claims to have a “magic material” that’s led to a breakthrough solid-state battery for electric vehicles. Even amidst the current mania of retail gambling on vaporous SPAC promotions, QS stands out for its reckless, nosebleed valuation of $15B – or roughly ~$80MM per employee, a mere 188 per LinkedIn.",
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      "kind": "source-note",
      "text": "Source: Barchart.com",
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      "text": "1) Introduction to Quantumscape",
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