{
  "docId": "019dd923-622c-750b-8b9a-4b91788fc785",
  "docSlug": "5fadb686cc03",
  "documentTitle": "Twist Bioscience (TWST)",
  "authorId": "58_Scorpion_Capital",
  "authorName": "Scorpion Capital",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2022-11-15 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.2941177,
  "pageNumber": 42,
  "pageCount": 236,
  "prevPage": 41,
  "nextPage": 43,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "dense",
  "nDataPoints": 3,
  "notes": "Uses a comparison-frame to undermine the target's innovation claims.",
  "elementsJson": [
    "paragraph",
    "screenshot",
    "photo"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b9a-4b91788fc785/42",
  "deckHref": "/decks/019dd923-622c-750b-8b9a-4b91788fc785",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b9a-4b91788fc785.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-4b91788fc785#slide-42",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "Twist’s only claim to fame is that it’s faster at making a commodity chemical – synthetic DNA – just because it drilled more holes, not that it’s making anything different.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-0932-77cf-bfe6-9c20970050de",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.5,
        "x": 0.05,
        "y": 0.96
      },
      "kind": "disclaimer",
      "text": "Source: https://www.twistbioscience.com/products/oligopools; https://www.berkeleylights.com/systems/beacon/",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4321f04b-e056-40dd-97ec-80efa07c227a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.2,
        "w": 0.25,
        "x": 0.65,
        "y": 0.63
      },
      "kind": "image",
      "text": "...identical claim to Berkeley Lights chip: “NanoPen chambers are 100,000 times smaller in volume than a microwell”",
      "attrs": null,
      "subkind": "illustration",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "398cd0df-7428-4a7d-9fb6-48a849d19e2d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.25,
        "x": 0.05,
        "y": 0.58
      },
      "kind": "image",
      "text": "Twist’s DNA synthesis “chip”...",
      "attrs": null,
      "subkind": "illustration",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d8a35ab1-c81e-462a-80a3-b43f46c20bf9",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.3,
        "x": 0.35,
        "y": 0.78
      },
      "kind": "legend",
      "text": "121 ADDRESSABLE SURFACES PER CLUSTER",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ddb3f322-da2a-49a1-9908-bf41ce45411d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.45,
        "w": 0.9,
        "x": 0.05,
        "y": 0.08
      },
      "kind": "paragraph",
      "text": "Twist’s similarity to Berkeley Lights (BLI) is eerie - which we again note is down 94% since our report - as its only “innovation” is a miniaturized well-plate with a lot more chambers, exactly like BLI claiming that their “Optoselect chips replace typical well plates” with “thousands of Nanopen chambers which are like wells on a microplate.” Twist’s signature claim is that it is “high-throughput” by a factor of 1,000 or 10,000 - we’re not sure which, as the figure bounces around by a factor of 10 depending on the page. Just like BLI whose only purported value proposition was speed, we find it remarkable that Twist’s only claim to fame is that it’s faster at making a commodity chemical – synthetic DNA – just because it drilled more holes, not that it’s making anything different.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "17a360c5-2262-4781-86a5-f21cb7afb11a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "quote",
      "text": "“Optoselect chips replace typical well plates” with “thousands of Nanopen chambers which are like wells on a microplate.” — Berkeley Lights",
      "attrs": null,
      "subkind": null,
      "toolName": "Authority citation",
      "toolSlug": "authority-citation",
      "confidence": null,
      "componentId": "019dd953-0932-77cf-bfe6-a1f80c4b941b",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "comparison-frame",
      "slug": null,
      "matchId": "03db2270-4a10-468b-a717-59691da3b0af",
      "evidence": "Directly compares Twist and Berkeley Lights to expose lack of innovation.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [],
  "loops": [
    {
      "to": 50,
      "from": 40,
      "name": "Aha Moment",
      "slug": "03-aha-moment",
      "bestFor": "Data-heavy sections, research findings, analytical arguments",
      "matchId": "d5122c72-a2f9-49da-bf7c-caa467b4ff01",
      "evidence": "Expert testimonies and industry comparisons",
      "position": 0,
      "objective": "Reveal the flaws in Twist's DNA chip narrative",
      "structure": "The Problem/Question -> What the Data Shows -> The Insight",
      "confidence": 0.7,
      "description": "Establish a tension, present data, then deliver the insight that changes everything"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}