Apr 3, 2026

by

Mike Annunziata

Emerging Managers Face Valuation Trap With SAFE-Funded Portfolio Companies

Should you mark gains when seeded companies raise on SAFEs instead of equity

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Murph capital is a new media and community for the next generation of emerging managers and allocators

PROUDLY builT IN USA

HANDCRAFTED by:

@Grivitsky

© All Rights Reserved.
Murph Capital Digital, LLC. 2026.

Substack

Linkedin

X

Main

home

Podcasts

Templates

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Funds

Events

Reports

Soon

about us

Community

Store

Murph capital is a new media and community for the next generation of emerging managers and allocators

PROUDLY builT IN USA

HANDCRAFTED by:

@Grivitsky

© All Rights Reserved.
Murph Capital Digital, LLC. 2026.

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Soon

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