FAS 157 Services

At Venture Returns, we understand FAS 157 can seem like a time-consuming, complicated and distracting process only to get a doubtful sense of your portfolio’s true value. It doesn’t have to be this way. We invite you to join firms like Trinity Ventures and Fort Washington by using Venture Returns to affordably eliminate the hassle of FAS 157 compliance. Venture Returns provides you with informative, actionable valuation data and industry research while relieving you from the labor-intensive work.

We have performed extensive research of the new standard through careful analysis of the FASB statements, the PEIGG interpretation, and scores of calls to venture firms, private equity firms, and their auditors. We have found that auditors are still not fully unified on their approach to the requirement. Despite some disparity in auditor approaches and preferences, they all agree that the valuation principles outlined in the PEIGG Guidelines are appropriate and adequate. We adhere to the PEIGG guidelines in our approach. We offer two solutions that meet these guidelines: a “light” approach and a more complete approach. If you bundle this service with 409a valuations for those companies, we offer significant discounts.

Our Solutions:

FAS 157 Comps provides firms with constantly updated comps needed to determine fair market value of portfolio companies. We provide trailing comps and ensure that you always have the latest data on demand.

• $297 for up to 40 public comps (i.e. 10 portfolio companies, 4 comps each).
• Can be performed on a quarterly or annual basis.
• Comps are provided via Excel spreadsheet or other means.
• Data includes enterprise value, revenue, EBITDA, EV multiples, margins, description, ticker, etc.
• Can substitute market capitalization for EV if desired.
• Flexibility to provide other key figures.

FAS 157 Total Fulfillment is designed to take all of the work for the Fair Market Value requirement out of your hands, saving you the time and hassle of generating FMV while you focus on your core business. In addition to providing your firm with comps, Venture Returns will also perform any other necessary valuation services and modeling.

• Individually tailored to meet both your firm’s and auditor’s needs.
• Comprehensive fair market valuations for all of your portfolio companies.
• Comparables research and spreads.
• All necessary valuation, modeling and industry research to get to a defensible valuation, which may include DCF, Black-Scholes, cap tables, liquidation preference modeling, etc.
• Can be performed on a quarterly or annual basis.
• Pricing determined on an individual basis.Significant discounts when combined with 409a valuations for portfolio companies

To get started simply call us at 888-591-3334 or e-mail us at sales {at} venturereturns.com.