Overall, if you take the value of the four companies we were working with on 1st January 2023, which I estimate to be collectively around circa £39M, and contrast this with the values of the same businesses on 1st January 2024, which I estimate to be £106M, you could say we have had a pretty good year. Of course, revaluations are largely baseless without the ability to exit. Yet two of the companies we are working with are engaged with numerous institutional investors. Institutional investors are generally quite keen on providing some form of exit for early-stage investors, and both Megawatt [...]