Venture Capital Valuation Policy Best Practices

A practical guide for VCs, in partnership with Aumni

With LP scrutiny rising and regulatory expectations evolving, a vague or outdated valuation policy isn’t just a gap, it’s a risk. This whitepaper breaks down exactly what VCs need to build valuation frameworks that are credible, consistent, and audit-ready, even for early-stage portfolios.

What’s inside:

♦ The non-negotiables of a modern valuation policy

♦ How to navigate stale last round valuation, secondaries, and 409a

♦ When and how to apply discounts (without guesswork)

♦ Considerations when applying discounts or premiums

♦ Oversight, governance, and SEC Rule 2a-5, simplified

Whether you’re an emerging manager or scaling fast, this guide delivers real-world insights and frameworks to help you get valuation right the first time.