Fast409A

The fast, easy way to get a 409A valuation.

2 followers

The fast, easy way to get a 409A valuation.

2 followers

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Accounting software

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Financial planning

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Startup financial planning

The Fast409A process blends the best of software and human expertise. Each valuation takes an hour or less of your time to submit, is delivered in days not weeks, and is customized to the nuances of your individual startup.

Launch tags:Productivity•SaaS•Tech

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Fast409A

Maker

Hey guys, I'm the lead engineer for Fast409A at the LTSE. 409A is a chore that needs to be done by every founder, so we built a streamlined process to get it out of the way easily. I'd love to hear what you think!

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9yr ago

Great idea! I was working at a startup in Boston (Cignifi) when we had to do a 409a. I was in touch with the firm doing it and remember it was a pain and took a lot of time: gathering everything, sending it over, conferencing on the phone,... If this service takes away only a bit of that it's incredibly helpful!

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9yr ago

Fast409A

Maker

@thomasleiterman Thanks for sharing your experience with 409As. We built Fast409A based on such stories and feedback from users. Would love to hear more specifically about your pain points last time.

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9yr ago

Fast409A

Maker

@thomasleiterman Do you remember how long the process took for you, both the time you had to spend gathering together your info, and the time it took for your valuation to be completed?

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9yr ago

@pavitrabhalla let's try, although that was some 5 years ago. One pain point surely was understanding the wording of the requests, another one was getting the required details and explaining any specialties in the existing share structure... Hope this helps, although it might be skewed from my memory :D

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9yr ago

@pavitrabhalla I'd guess the from start to finish it was some 2 to 2.5 months. With gathering everything taking about 1-1.5 months and the completed valuation some 2 weeks. But I also remember that it took time to get the contract for the valuation ready which took another week or so. Having that as a fixed price is a huge timesaver.

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9yr ago

Fast409A

Maker

@thomasleiterman Thanks for sharing. To add perspective, our fastest submission took only 9 minutes from sign up to completing all the information. Once the information is submitted, the valuation is ready for review in 1 - 5 days.

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9yr ago

Product Hunt

It seemed to take far more time and money than it should have to do our 409A valuation way back in the day. It's one of those things you have to do as a startup but can be very distracting.

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9yr ago

Business Dad with Alexis Ohanian

@rrhoover I love the whole suite of apps that the LTSE team is building out for founders -- absurdly useful and beautiful!

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9yr ago

Plaid

I really wish I had this a month ago before doing our last 409A with eShares. We have been an eShares customer for over a year and their extortion tactics they have pulled lately have me encouraging everyone to abandon them. I am happy to see great alternatives coming out. Keep up the great work!

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9yr ago

Fast409A

Maker

@ssnacks We believe in data portability. You can import/export data between our system and eShares.

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9yr ago

followupthen

I recently completed a valuation with Fast409A. Their service was affordable, fair and most importantly FAST. They turned around the 409A in 25% of the time estimated by any other firm. Despite this, the 409A report was thorough and defensible, using multiple formal valuation methods to determine a valuation that I ultimately thought was quite fair. Before I discovered Fast409A I had spoke with a few other firms. The best alternative (with 4x the turnaround time) required a large amount of legwork on my end to assemble various official financial documents. Hours of work on my end. Fast409A streamlined the onerous 409A data collection process, working with me to get the key pieces of information to complete the valuation. So not only is it a faster overall turnaround time, it's also faster for the Founder (or finance person) who has to cull the necessary financial information. I would highly recommend Fast409A. They saved weeks of delay during a time when I don't even hours to spare. Lastly a pro-tip: Don't issue stock to employees / advisors / etc until you get a 409A. If you have, you already done this, your may find yourself in need of a 409A...fast. (See @philipithomas comment for a more thorough explanation of when / why this is needed.)

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9yr ago

Fast409A

Maker

@rsweetland Glad to hear we saved you time. +1 on the pro-tip

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9yr ago

Wealthfront

We're big fans of Fast409A. After working out a few issues with our cap table (thanks @pavitrabhalla for all your help) we got our 409A back much faster than our last 409A. Overall great experience!

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9yr ago

Fast409A

Maker

@chris_hutchins Always happy to help! :-)

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9yr ago

Zube

So excited to use Fast409A! I'm the CEO of tech startup so I do stuff like fundraising and financials, but on a day-to-day I do software development and marketing, you know, the stuff that actually makes your company grow. It's hard juggling all of those responsibilities and getting a 409A valuation is at the bottom of my list of things I want to spend my time doing, but at the very top of my list of CEO responsibilities. So thanks @ericries for making the process quick and painless!

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9yr ago

Fast409A

Maker

@204nocontent Aaron, happy to help with your next 409A. Would love to get your feedback after you use the product.

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9yr ago

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