FinovateFall 2013 / BizEquity
Presenter Profile:
How they describe themselves: BizEquity is the creator of the “Valuation-as-a-Service” or VaaS™ business valuation cloud for all private companies and their financial advisors. The BizEquity system generates a full 17 page customized Business Valuation and Performance report in real-time for 1/30th the cost of offline methods. The BizEquity Business Report provides essential business valuation figures as well as industrial comparison of 40 key performance metrics across 17M active businesses. BizEquity has democratized the business valuation market.
How they describe their product/innovation: There are more than 28M business owners in the US – 75% don’t know what they are worth and 50% are under-insured. The market for business valuation is a $2.8B dollar market, with 99.7% being conducted offline at $8,000 per report and taking up to 6 weeks. BizEquity has revolutionized the market by putting it online helping to enable more businesses to discover-manage-and optimize their value. BizEquity helps every financial institution help business owners better understand their value and what they can do to better protect themselves.
Product Distribution Strategy: Direct to Businesses online at BizEquity.com and indirect via the channel and private label agreements with leading financial and data institutions.
Contacts:
Bus. Dev., Press, & Sales: Michael M. Carter, CEO & Founder, 415-341-2728
Website: bizequity.com
HQ Location: Wayne, Pennsylvania
Founded: May 2010
Product Demoed: BizEquity Valuation Engine and VaaS™ Cloud Service
Product Launch: July 2012
Metrics: With more than 50,000 users & over 12 private label channel partners to date, 60 patents & inventions filed, 2 patents granted already, & over 3 years of technology development & 7M invested into building the system, BizEquity has become the first & leading cloud based business valuation service.
Presenter(s): Michael M. Carter (CEO),
Semyon Fishman (VP Product Engineering)
- Key Executives
Michael M. Carter (CEO & Founder), Semyon Fishman (VP Product Engineering), Scott Gabehart (VP Valuation Services), & Phil Calamia (CFO)
Key Stats
- Key Board Members
Clarence Davis (Former COO & CFO, American Institute of Certified Public Accountants – AICPA & Trustee, The Gabelli Funds), Warren V. “Pete” Musser (CEO & Founder, The Musser Group & Founding Investor, Comcast, Novell, CTP, & QVC), Admiral Tom Lynch (Managing Director, The Musser Group & Former Head, U.S. Naval Academy), Michael Abbott (Partner, Kleiner Perkins Caulfield & Byers, formerly VP & Head of Technology & Engineering), & Michael M. Carter (Former Managing Director, The Musser Group, Founder, Dashboard Systems, & former CMO, US Interactive), Michael T. Moe (CEO, GSV Capital & Founder, Think Equity Partners)
- Key Partnerships
Lendio, BizBuySell, National Black Chamber of Commerce, & Startup America
- Key Customers
Metro Bank, Bryn Mawr Trust, Experian, D&B, InfoGroup, & I-Pipeline