I think those are, on balance, all very fair comments @Klue. One consideration that could 'change the game' however is PVL's indicated desire to launch a managed VC fund, alongside its existing operations, which would enable the company to become cash generative (via management and consulting fees). As an aside, are you aware of what Capital H's track record currently sits at? It was at >30% p.a. returns (over 3+ years) prior to this current bear market. I'd imagine it is now sub 20% p.a. since inception?
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