Ennerate (YC W21) does business valuations for small and medium sized traditional businesses (plumbers, manufacturing, etc.) for 5x faster and 10x cheaper than existing services. Users upload financials, take a survey, and our models generate the valuation.

Hi PH! George and Zac Wellmer (we’re brothers) from Ennerate here! Our story: George spent the last decade in banking and at the Small Business Administration (SBA). During this time, George helped hundreds of small businesses apply for loans from the government. By law, each federal SBA 7a loan requires a third-party valuation. Current valuation services are insanely expensive, manual, and slow, requiring thousands of dollars and 14+ days on average to execute - this makes it extremely painful for small business owners to get the valuations they need. Beyond federal loans, businesses typically get valuations before they are sold or transferred. Ennerate was created to ensure that every business owner who wants a valuation will have one quickly and affordably. We make money through 3 channels Businesses: One off valuations sold directly to businesses Accountants: Subscription valuation services sold through Accountants Banks: Partnering with banks, who are required, by law, to use a third party valuation provider A huge transfer of wealth is happening now with 12M+ boomers projected to sell their businesses in the near future. We are helping entrepreneurs identify and measure value. We’d love to get feedback and are happy to answer any questions! If you or a business owner you know is interested in using Ennerate, reach out to founders@ennerate.com. Say you found us on PH by the end of April for half off your valuation.

@ennerate @gwellmer Congrats on the launch guys :D

@ennerate @benoit_chambon Thanks! We appreciate the kind words.

This is awesome. Excited to see where it goes - there are so so many things in the lifecycle of a SMB today that are ripe for automation, and it's fantastic to see people working to make small business owners' lives better!

@henry_li95 Spot on! SMBs far too often are the last to receive innovation.

Hey @gwellmer, great idea. From legal and / or regulation perspective, is there any difference between using Ennerate and more 'traditional' appraisers? I.e. are there still areas where I would have to go to an old school valuation firm to get my report, or you have it all covered?

@vasgo Thanks! From a legal & regulation perspective, there is no difference. Traditionally, businesses have received a ~50-page report for their valuation. From a utility perspective, users have not seen the value in generic boilerplate reporting. We leverage our Dashboard to highlight key figures, metrics, and industry trends/benchmarks, while also providing financial forecasting with sensitivity analysis. That being said for SBA 7(a) M&A loans we generate a traditional report that is within the guidelines of the SBA's SOP.

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