Fast409A: The fast, easy way to get a 409A valuation.

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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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8yr ago

Alexis Ohanian

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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8yr ago

Pavitra Bhalla

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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8yr ago

Thomas Leitermann

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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8yr ago

Pavitra Bhalla

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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8yr ago

Pavitra Bhalla

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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8yr ago

Thomas Leitermann

@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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8yr ago

Thomas Leitermann

@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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8yr ago

Pavitra Bhalla

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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8yr ago

Fast409A

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

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