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Really cool. Question: Assuming that your algorithms will become known or can be replicated, how do you think about your defensibility? What is proprietary here that improves via network effects? How does the licensing model work and what are some comparable (old school/current) companies?

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Defensibility for us: microbes we build, and the platform they form. Our software-driven engineering is significantly faster than the state-of-the-art: human's looking at metabolic maps. People will start building on top of our initial microbes and improving them. These initial microbes form the "platform" from which to enable more bioproduction apps.

> Defensibility: .... People will start building on top of our initial microbes and improving them. These initial microbes form the "platform" from which to enable more bioproduction apps.

That's not a very fair answer. I have often said pretty much that and was laughed out of the room. Granted, maybe it's all in the delivery.

Microbes can be easy to culture and store, so that doesn't really count as defensibility... and the software can't either, because nobody these days is really struggling to run algorithms over regulatory networks or KEGG or whatever...

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