Heron applies a minimum eligibility criteria for any pre-IPO company on the platform, including an estimated valuation above $5B (as defined by Nasdaq Private Markets), and being backed by a top tier VC (as defined by AUM across all VCs). These are strong signals, but no guarantee of success.
Beyond the above minimum criteria, Heron does not do any independent valuation or perform any specific diligence on the underlying companies, nor does Heron make claims or endorsements about the future prospects of any given company. We only make the process of getting exposure to these companies (especially a diversified set of them) much easier. You can learn more about the risks of investing in pre IPO companies here