Social Leverage Weekly
Posts
Frec Reaches $100M in Assets and The Downfall of Ginkgo Bioworks

Frec Reaches $100M in Assets and The Downfall of Ginkgo Bioworks

The Social Leverage Letter | Issue #152

Ethan Berk
September 01, 2024

Get smarter faster with our curated list of thought-provoking content for founders and investors:

2 Articles, 1 Podcast, and 2 Videos.

Was this email forwarded to you? Sign up here.

READING

II. Frec | $100 Million in Customer Assets

Frec (Fund IV) has reached $100 million in customer assets just nine months after its launch, driven by strong demand for its direct indexing platform, which now offers twelve indices, including new partnerships with Russell. The platform aims to make sophisticated investment strategies accessible to individual investors, with a vision of expanding direct indexing options to outpace traditional ETFs and mutual funds.

Frec | $100 Million in Customer Assets

We are thrilled to announce that Frec has reached $100 million in customer assets, just nine months after our launch.

I. From Promise to Peril: The Downfall of Ginkgo Bioworks

Ginkgo Bioworks, once valued at $23 billion, has faced significant challenges following accusations by Scorpion Capital of being overpriced and engaging in questionable business practices, leading to a 97% decline in its stock value. Despite an independent investigation clearing the company of wrongdoing, investor sentiment remained low, and Ginkgo has since agreed to a $17.75 million settlement with shareholders. 11thEstate (Fund IV) breaks it down in this case study.

From Promise to Peril: The Downfall of Ginkgo Bioworks

In a report released in October 2021, Scorpion Capital alleged Ginkgo Bioworks Holdings Inc of being a "colossal scam", claiming that the company, at a $23 billion valuation, was ridiculously overpriced.

LISTENING

I. ‎Archive Intel with Larry Shumbres | E338

Archive Intel with Larry Shumbres | E338

Episode · Fintech Impact · In this episode, we dive deep into the world of compliance and archiving with Larry Shumbres, CEO, and founder of Archive Intel. Archive Intel leverages AI to revolutionize the way businesses handle compliance, offering a singular platform to manage and mitigate risks effectively.