November Sanity Check delves into the latest private market trends, offering a portfolio manager's perspective on the month's performance. We analyze key decisions, market shifts, and emerging opportunities, providing insights into our strategic choices and their impact on your investments. This month's review is crucial for understanding market dynamics and our approach to navigating them, ensuring informed decisions and optimal outcomes for our Members.

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Understanding market dynamics is crucial for investors. As interest rates plateau, the potential for asset valuation recovery grows. Proactive investment in select late-stage companies may capitalize on the shifting macroeconomic environment, offering a strategic advantage in the face of ever-changing market conditions.

The rules for “Valuation at Market©” are based on the PRE IPO CLUB LLC proprietary methodology: price inputs are derived from the 10 most active secondary brokers during the quarter, as well as publicly available information, such as federal filings (e.g., Form D), state filings (e.g., amendments to Certificates of Incorporation, Limited Offering Exemption Notices, Employee Plan Exemption Notices), and company disclosures (e.g., press releases, other public statements). The calculation model is based on actual or derived prices of preferred stock and common stock, which are validated by the fund manager. Corporate actions, such as bankruptcies, stock splits, reorganizations, mergers and acquisitions, and spinoffs, are monitored on a daily basis. Index values are calculated for each calendar month but distributed on a quarterly basis, before the last day of each January, April, July, and October.