I have been looking at their mark up/downs for past few months. And I am suspicious. It seems random. It's not like they have financials sent in by the companies every month. So in an effort to fit startup investing into the mutual fund world, they have to fit square peg in round hole and put finger in mouth and stick it up in the air to guesstimate. Even the lead VCs (the guys who understand the biz) don't mark it up/down every month, much less the portfolio manager sitting 3000 miles away behind a desk in a suit and tie and doesn't know a SAN from a NAS