VC Governance FAQ: (2) Especially now, when transparency is so important, why is limited financial information available from a private company?
Pascal's View
MARCH 9, 2010
Putting that point aside, for a moment, what is absent is a quoted liquid market in their equity and debt securities, which means that the determination of the book value of those private companies is necessarily subjective. The fact remains that you don’t know the value of a private asset unless you actually intend to sell it.
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