A pre-registered benchmark for venture marks and liquidity realisation: scoring private AI valuations against primary SEC filings, IPO pricing, and post-listing lock-up mechanics.
AI disclosure: the research is the author's; this text was drafted with AI assistance (Anthropic Opus 4.8-5.0 and Google Gemini 3.7) and reviewed by the author. The models, and the conflicts they create, are named in the Conflict of interest and scope section.
