What does a Molten portfolio company look like?
Finally, Martin provided a window into what characteristics are shared by Molten’s portfolio companies. A partial summary of his address can be found below:
The companies we invest in are run by visionaries who are looking to disrupt. Disruption doesn't pay attention to economic cycles, and innovation doesn't either. They're trying to solve big problems, and technological innovation doesn't respect a downturn. The advances that our entrepreneurs are working on are by nature long term.
For example, Schüttflix is tackling 100-year-old supply chains in the construction industry, and Gardin is helping to grow plants in parts of the world where they previously could not have been produced. Manna is delivering new and innovative ways of dealing with the explosion in consumer l for delivery, while ICEYE and SatelliteVu are using space imagery to measure the carbon footprint of every building on the planet and to provide imagery to help deal with natural disasters.
Technological advances in recent years have made this possible, and our portfolio companies are stretching the limits of technology to apply them to real world problems.
MostlyAI is dealing specifically with more sophisticated algorithms that touch everybody in most parts of the world almost every day. CoachHub is an innovative way to help develop and manage workforces, which have become more challenging to manage since COVID. Cybersecurity and data integrity are increasingly big issues, and Ledger is at the forefront of security layers.
Finally, digital health is playing an increasingly important role in society, and we have invested in Aktiia, a company that enables physicians to monitor heart rates and blood pressure with much better data. Technological advances are continuing to grow, and our companies need to be able to commercialise them and bring them to a wider audience.
Our companies will all be disruptive, whether it's a value chain, a supply chain, or dealing with something new. They are also scalable. It's critical that we love good ideas and great founders, and we want them to be big. International markets and an economic model that scales with the growth of the business are essential, with unit costs being very important. Delivering on this model should improve the margin in a capital-light environment, and ambition to scale is key.
We spend a lot of time looking at talent, knowing that the best teams are essential. Entrepreneurs with a track record of building great teams or those who are open to help in building them is what we look for. Improving diversity, inclusion, and transparency are areas we help our founders with, so they can attract and retain the best talent.
We believe that our portfolio companies represent some of the very best businesses to grow, where we can add the most value and create the most value. The opportunity is definitely there—it’s our job to make it happen.