The Cornerstone LPA gives the GP fair-value discretion while the Valuation Policy sets a process. For a seed fund holding mostly Level 3 assets, what evidence should trigger a write-down before a new financing establishes a lower price?
Loading...
Apply to VC Lab Cohort 22
Get full access to Decile Base and the Decile Hub venture platform for free by joining the VC Lab program.
Apply to VC Lab Cohort 22