key Q for GPs re: valuation policy — “tell me about the companies you have you marked down that haven’t raised since before Q2/22, how much you marked down, and why?”
“now tell me about the companies that have not raised in the past 3 years that you are still holding at pre-2022 valuations — are they profitable? are they growing @ >30% YoY? if not, why haven’t you marked them down?”
key Q for GPs re: valuation policy — “tell me about the companies you have you marked down that haven’t raised since before Q2/22, how much you marked down, and why?”
“now tell me about the companies that have not raised in the past 3 years that you are still holding at pre-2022 valuations — are they profitable? are they growing @ >30% YoY? if not, why haven’t you marked them down?”