Download and read this document. It's interesting, particularly from a historical perspective. This presentation dates back to 2004, in an attempt by the NVCA to stop Fair Value accounting from changing the reporting requirements of privately held companies. I recall a keynote by John Doerr on this issue in the 2000-2001 era. Boy was he peeved. At this point – three years later -- we’re seeing a lot of ppt presentations relating to Fair Value accounting with the subtitle: The Train has Left the Station.
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Download and read this document. It's interesting, particularly from a historical perspective. This presentation dates back to 2004, in an attempt by the NVCA to stop Fair Value accounting from changing the reporting requirements of privately held companies. I recall a keynote by John Doerr on this issue in the 2000-2001 era. Boy was he peeved. At this point – three years later -- we’re seeing a lot of ppt presentations relating to Fair Value accounting with the subtitle: The Train has Left the Station.