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All of our providers have successfully defended 409As in front of the Big Four and the SEC.


Each of our providers has decades of experience valuing hundreds of companies.

Available for all stages

We serve high-growth, venture-funded companies from seed to M&A and IPO.

Personal service

Access to your dedicated valuation analyst. Discuss needs and iterate on your 409A report.

Domain knowledge

Whether it’s AI / ML, big data, crypto currency or BioTech, our providers bring a range of expertise to understand your business.

Preferred pricing

We’ve done the negotiating for you to lock in leading rates for LTSE Equity customers.

Boost plan

Annual 409A and cap table management

Receive an annual 409A valuation as part of an LTSE Equity Boost plan. Additionally, you’ll receive an annual cap table diagnostic, full cap table management with unlimited stakeholders, and more.

Get started

Step 1

Set up or update your cap table

Your valuation analyst will calculate your 409A value using your equity data. To get started, import your cap table, or build one from scratch using our easy, guided software.

If you already set up and updated your cap table in LTSE Equity, then you’re ready to request a 409A.

What you need

Your startup equity info, founder grants, convertible securities, etc.

  • Your company cap table spreadsheet or an export from an equity management software.
  • Source paperwork for your equity data, such as incorporation documents, stock purchase agreements and stock plan documents.
Cap Table Summary view in LTSE Equity software

Step 2

Fill out the questionnaire

In addition to your equity data, your valuation analyst needs a high-level understanding of your business and your market.

To make this easy, we provide a questionnaire where you can fill in your company information and upload a few standard documents.

What you need

  • Basic company information and business pitch
  • Market information and comparable companies
  • Financials
  • Upcoming fundraising / exit plans
409A Valuation request in LTSE Equity product

Step 3

Review and approve 409A report

After you submit your 409A request with equity and questionnaire data, your valuation analyst will schedule a kickoff call to discuss valuation models.

Your analyst will then submit a draft 409A report in a few days. You can ask questions and iterate on the report with your analyst.

Once you’re happy you can submit the 409A report to your Board of Directors for approval.

409A ready notification in LTSE Equity product


LTSE Equity rigorously vets 409A valuation providers to offer you a defensible 409A from experienced professionals at preferred pricing.