For a long time, compliance of fair value in venture capital, has been viewed as practically too complex and difficult to follow. Not because the standards weren’t clear. Frameworks like IPEV and ASC 820 have long defined what strong fair value looks like. But translating that into a repeatable, portfolio-wide process - across companies with evolving cap tables, SAFEs, convertibles, and layered preferences hasn’t always been straightforward. That’s where things are starting t