Investment valuations in venture capital are typically set by the market of investors and updated quarterly or yearly depending on the fund's valuation policy. Common valuation methods include market comparables, discounted cash flow analysis, and pricing from recent financing rounds. The valuation policy also categorizes investments into three levels based on the observability of inputs used in their valuation. These valuations impact financial statements by determining the fair market value of the fund's assets. The fund's operations providers generate full financials for Limited Partners, adhering to Generally Accepted Accounting Principles (GAAP) and ASC 820 for valuation policy.