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54. Bull, Bear & Beyond – Molten Ventures: executive interviews: Core review image

54. Bull, Bear & Beyond – Molten Ventures: executive interviews: Core review

S1 E54 · Bull, Bear & Beyond by Edison Group
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5 Plays10 months ago

Wilkinson outlines Molten Ventures’ core portfolio, which consists of 15–20 assets representing over 60% of portfolio value, with these companies showing an average growth of 50% for the coming year. Over 75% of these core holdings have more than 12 months of cash runway, and the company has demonstrated success in helping them raise additional capital from syndicates of investors.

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About ‘Bull, Bear & Beyond’

Bull, Bear & Beyond': features candid conversations with senior executives and from our own team of experts from across industries, exploring strategy, innovation, and the opportunities shaping their markets and 60-second pieces are a compressed summary of content designed to convey our message in a single, easily shareable hit.

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Edison is a content-led IR business. We believe quality investment content should inform all investors, not just brokers. Our mission: engage and build bigger, better-informed investor audiences for our clients.

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Original interview published on 10/02/2025 and reposted as a podcast

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Transcript

Introduction to Core Holdings

00:00:06
Speaker
And then looking at your core um your core holdings, can you give us a bit of detail in terms of the expected revenue revenue momentum of those holdings and also the cash run way for them?

Mature Businesses and NAV Returns

00:00:18
Speaker
Yeah, we we we aggregate what we call our core, which is between 50 and 20 assets in any period, and it represents more than 60% of the portfolio value.

Growth and Cash Runway of Portfolio Companies

00:00:29
Speaker
So these are the companies that we, if you like, put in the shop window to our shareholders to see what drives those expected NAV returns and shows they're kind of more mature businesses in the in the portfolio.

Venture Capital Funding Cycle

00:00:41
Speaker
They're growing at the moment of of an average of 50% into the coming year and that's showing therefore strong growth which is clearly important and for the stage in the market that we invest in you've got a blend of mature businesses which will have lower levels of growth and some which will be growing above that but the average being Their cash runway is as is is um positive in the sense of we've got more than 75% with more than 12 months of cash runway.

Syndicate Capital Raising Strategies

00:01:10
Speaker
It's very normal in venture capital that the companies would raise for a 12 to 18 month window. And so we'll always have some companies in the market. And we've been able to prove over the years and and including in the last year, that our companies are able to raise additional capital, not just from us, but from a syndicate of investors. And as they mature and grow, it tends to be that we will stay with those companies, but we won't be there at the majority source

Positive News Flow and Growth Proof Points

00:01:35
Speaker
of capital. And those proof points are equally as important as when we look to realize. And so again, the news flow we've had within the portfolio has been very positive on that.