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  "documentTitle": "Twist Bioscience (TWST)",
  "authorId": "58_Scorpion_Capital",
  "authorName": "Scorpion Capital",
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  "presentationDate": "2022-11-15 00:00:00",
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  "notes": "Uses LinkedIn search results as a proxy for employee headcount and expertise to challenge corporate financial disclosures.",
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      "text": "It is utterly implausible that Twist is spending $40MM on data storage, as it appears to have hardly any staff working on it.",
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      "text": "LinkedIn search result of Twist employee profiles with “data storage”",
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      "text": "Scientist, DNA Data Storage at Twist Bioscience | PhD, Chemical Engineering\nResearch Associate at Twist Bioscience | DNA Data Storage | Berkeley ChemE 2020\nScientist | DNA Data Storage at Twist Bioscience | Ph.D., Chemical Biology\nDirector, Enzyme / Protein Engineering (DNA Data Storage) at Twist Bioscience",
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      "text": "It is utterly implausible that Twist is spending $40MM on data storage, as it appears to have hardly any staff working on it. A LinkedIn search of its employee base returns only 20 profiles that mention “data storage,” out of 962 total employees shown. After removing interns and incorrect search hits, only 4 of these profiles suggest any related scientific background, of which two are recent post-docs and one is a recent college grad – and we suspect they spend most of their time supporting its core manufacturing activities. We note that LinkedIn is a very accurate representation of Twist’s employee distribution. The last employee count we found is in Twist’s 10K filed Nov 23, 2021, which states that as of Sep 30, 2021, it had 652 employees – almost identical to LinkedIn’s data, which counted 651 employees as of May 2021 and 712 as of Nov 2021. The average is 682, almost identical to LinkedIn’s 652 figure.",
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      "text": "Source: LinkedIn search https://www.linkedin.com/company/twist-bioscience/people/?keywords=data%20storage; https://www.linkedin.com/in/mpreddick/; https://www.linkedin.com/in/christinewu58/; https://www.linkedin.com/in/kishore-kakani-phd-9450a811/;",
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