The question is how public companies reflect the revaluation of their investments in startups. Do they perform their own fair value assessment of the startup, or do they use the valuation provided by the fund’s management company? What rules under IFRS or US GAAP exist for public companies regarding the valuation of investments in startups? Has anyone seen an example where Google, for instance, discloses in their explanatory notes how the value of their startup investments has changed over the reporting period? I’d like to understand whether this information can be found in public companies’ financial reports, in order to estimate possible multiples for my own startup investment.