A Simple, Efficient Process.

We Value Your Time While We Value Your Business.

Our IRC 409A qualified and experienced business appraisers have worked with over 70 clients from more than a dozen states. 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 spent 8 years at PricewaterhouseCoopers in the United States and the United Kingdom. He worked within the Assurance practice, auditing and working on Sarbanes-Oxley compliance for large multi-national clients and smaller private companies. 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