It is measured on a per-share basis to capture the effects of dilution and options.
It is usually expressed as a per-share amount, computed by dividing net assets by the number of fund shares outstanding.
It is calculated by reconciling the book value per-share from the start of the period to the end of the period.
A percentage of the loan's face value can be converted into equity at the per-share price of the last (or concurrent) venture financing round.
It is calculated by dividing the company's market cap by the revenue in the most recent year; or, equivalently, divide the per-share stock price by the per-share revenue.
