Future Outlook

As is evident, the macroeconomic landscape remains fluid, with different sectors of the economy behaving in disparate ways. In the startup and small business ecosystem capital is scarce even as listed equity markets reach new heights. Starting and growing a business is a challenge in any era, but it is especially daunting in these uncertain times. However, quality founders and robust business models can thrive in uncertainty. Indeed, history has shown that periods of uncertainty can be a breeding ground for successful businesses. We remain committed to backing early-stage companies with the potential to be highly successful. We believe that now is the best time to be investing in good opportunities, and we are optimistic about the future.