A Simple, Efficient Process.

We Value Your Time While We Value Your Business.

Simple409A.com has worked with hundreds of companies performing thousands of valuations as a leader in fixed-price, efficient 409A valuations. Changing the approach to the start-up market upon entry in 2012, Simple409A.com has become a leader in performing 409A valuations – creating a simple to follow pricing structure and a turnaround time that challenged the industry. Simple409A.com has developed global relationships supplying valuations to companies throughout the United States and around the world. Ranging in size from a company weeks after inception to mature, decades old businesses, the clients of Simple409A have received reliable 409A valuations for their growing companies. The reports delivered have been reviewed by auditors, company boards of directors and legal counsel, and utilize the industry standard methods of the AICPA. It is important to have a professional, independent opinion for the fair market value of your company and stock options, but it does not have to cost a fortune. Our firm’s sophisticated system for efficiently processing 409A valuations streamlines the process for you and saves you money by leveraging highly qualified US-based experts without the overhead of large firms. At Simple409A, your valuation is independently reviewed by qualified professionals who meet the IRC 409A regulations. Rather than putting your company at risk by attempting the valuation yourself or outsourcing overseas, let Simple409A provide your company with an accurate, qualified, and affordable valuation.

  • Simple Process

    A qualified and independent 409A valuation is important for your company, and so is your time. We make it simple for you:

    • Step 1: find out that our 409A service is right for you
    • Step 2: fill out a questionnaire and upload documents
    • Step 3: review and approve draft report, then receive your certified copy

    It’s as simple as that.

  • Experienced Appraisers

    The experience we bring to your private company appraisal is broad and diverse, from Deutsche Bank and PwC to new start-ups. Our experience includes:

    • Reviewing and auditing financials for Fortune 500 companies
    • Building and analyzing financial models for start-ups
    • Writing and reviewing term sheets

    With Simple409A you will be well served, start to finish.

  • Reliable Results

    Certified reports, reviewed by our top experts
    Our analysis and reports meet the development and reporting requirements of the AICPA’s Statement on Standards for Valuation Services. In short, our reports:

    • Are written by qualified, US-based appraisers
    • Rely on accepted valuation methods and practices
    • Meet IRC safe harbor standards

    Contact us to get started!




 For Companies with 1 Class of Shares



 For Companies with 2 Classes of Shares

Save an additional $250 If you have raised funding within 3 months*



 For Companies with 3+ Classes of Shares

Save an additional $250 If you have raised funding within 3 months*


Tower59 was founded on the belief that professional services are over-priced and inefficiently positioned for the growing companies they serve. As entrepreneurs ourselves, we understand that the needs of early- and mid-stage companies differ greatly from those of larger, more established companies.

Since the inception of the IRC 409A regulations in 2005, a lack of competition has allowed a cottage industry to overcharge entrepreneurs for an independent valuation of their company’s shares. We launched Simple409A to better serve the niche customer that is a growing company. Through a mix of automation, workflow optimization, a distributed US-based workforce, and volume, we are able to significantly reduce the cost of a 409A valuation.

Management Team

Scott Lockhart, CPA

Scott Lockhart is a founding partner at Tower59. He is responsible for performing and reviewing Tower59’s valuations and for the financial operations of the company. He has worked with every client since forming the firm.

Scott was a Controller at The Suburban Collection, Michigan’s largest auto dealer group, while remaining an active partner at Tower59. Scott oversaw a department managing over $500 million in revenue and thousands of auto sale transactions. Prior to founding Tower59, Scott was the CFO at Insurance Point, an entrepreneurial start-up insurance brokerage firm focusing on the healthcare industry. While at Insurance Point, Scott oversaw the initial audit of the company’s financial statements and implemented a line-item budgeting process and a budget to actual review. In addition to his financial responsibilities, Scott was responsible for the operations of the company including contract review, legal, facility management, and board relations.

Scott began his career and spent 8 years at PricewaterhouseCoopers in the assurance practice where he was a licensed CPA. He spent four years performing core audit services, including Sarbanes-Oxley compliance work, for large, public multi-national clients before moving to England to join the firm’s UK practice. In the UK, Scott audited subsidiaries of many SEC registrants. He also worked in the UK’s Learning & Education practice helping to roll out the firm’s new audit software. Scott completed his time at PwC working on the Global entity’s Learning & Education team writing and teaching training courses around the world.

Scott is a licensed CPA and a member of the AICPA and an AICPA Forensic & Valuation Section Member. He holds an MBA from the University of Oxford and two BAs in Accounting and Health & Physical Education from Hillsdale College.

Who We’ve Worked With


Phillip Kopp
President, Digital Arbitrage

“Simple409A is exactly that. This was the second professional valuation I have been through and the people from Tower59 were thorough and professional. We received what was promised in the time estimated at a reasonable price. Two thumbs up.”

Michael Balyasny
Co-Founder and CEO, Attendify

“Simple 409A offers a reasonably priced service, are quick to deliver, and have great customer support. Its clear that Scott and Beth care a great deal about their clients, I would definitely recommend Simple 409A to other founders.”

Ron Pereira
Founder and President, Top Right

“I loved the level and ease of communication. Simple 409a worked with what I have and didn’t make my life more difficult. I wish every 3rd party I worked with was as process oriented and efficient. I’d be a lot more productive!”

John Jersin
Co-Founder and CEO, Connectifier

“It was simple and inexpensive…Simple409a delivers the same results for half the price, and less effort than most of their competitors.”

Johnny Lee
CEO and Co-Founder, Spotsetter

“The people at 409A are very professional and responsive. I really enjoyed working with them.”

Anoop Jayadevan
Co-Founder and CTO, Fidelis Education

“They do stand by their name. 409A valuation process made simple. Very professional, prompt and thorough.”

1459 18th Street #198
San Francisco, CA 94107