Seraf uses each company's most recently dated round's share price to determine the current value of all shares of stock recorded, while keeping all non-equity rounds, such as convertible notes and SAFEs, at cost. However, Enterprise account holders can further update the value of each of their holdings outside of a round of financing by entering a new valuation, either across all equity rounds all at once or for each round individually, whether it is an equity round or other type of holding.
For a company wide valuation, which revalues all the equity rounds recorded under company with the same share price, you can add a new valuation by using the Add New button. The same approach can be done through the Portfolio Management / Company Valuations tab. Simply enter a new share price, date and choose the methodology behind the new valuation. Be sure to save the record and Update Calculations. The new share price will be applied to all current equity holdings. Any non-equity holdings will not be affected by the change in share price and should remain at cost, unless there is a round by round valuation saved.
You can also record a round by round valuation should you wish to value each equity round differently or if you'd like to assign a new value to your non-equity rounds. To enter a round by round valuation, you can do so from the Investment tab of the company record, as explained in these round by round valuation instructions.
When viewing valuations, how can you tell the difference?
You can view changes in valuation graphically on the Company record page, after multiple data points have been added. View the hover text to see the details. If it does not specify a round name then it is a company-wide valuation. If it references a specific round, then it could be from a round of financing (which may serve as the latest dated round used to determine the current value of other equity holdings) or it could be round by round valuation that applies just to that specific round (when a user may want to mark up or down the value of just that round).
The best place to view the valuation data itself is on the Investment tab of the Company record in the section for Valuation History. There, you'll see company-wide valuations listed with the company name in the Valuation For columns. The round by round valuations will specify which round a certain valuation pertains to. Use the pencil icon to edit valuations as needed. Note that if it says that a valuation relates to a financing round, then in order to make a change to that valuation, you'll need to edit the round itself.
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