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by marc__1
2066 days ago
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> It’s a bit hard to give one number for the returns as if they are factual. The reality is these investments are illiquid and it’s hard to pinpoint the exact outcome She should be using the standard way funds (and angels) observe non-liquid valuations on a quarterly basis [1] Briefly speaking, if the company hasn't raised any new funds in the last 12 months from 'sophisticated investors' (in which case the valuation is given), she must have used a proxy valuation, like enterprise/sales comparable. Anyways, interesting that over half of her portfolio is still active, but in line with the overall market [2] [1] https://carta.com/blog/what-is-asc-820/ [2] https://www.sethlevine.com/archives/2014/08/venture-outcomes... |
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