The 15% valuation uplift is good for such a short period, while also considering that valuation multiple could have changed with the interest rates and unprofitable tech sell off. But, it doesn’t feel like very long ago they raise money so the cash burn rate is pretty fast and must be a long way off break even.. this is now roughly 10% of the portfolio so I can’t see them chipping in too much more so fingers crossed the cash burn slows as they scale up.
BTI Price at posting:
$1.25 Sentiment: Hold Disclosure: Held
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