Alternative
Eqvista Alternative: Eqvista Pricing, Reviews, and a Faster Business Valuation
Eqvista is a San Jose company that sells 409A valuations and cap table software to venture-backed startups. Its 409A pricing is published and tiered by funding stage, starting at $990 a year for pre-revenue companies and running to $2,590 a year at Series A, with unlimited updates inside the 12-month window and a premium cap table included. If you issue stock options and need a defensible strike price, that is a real service and we do not replace it. Businessappraisal answers a different question entirely: what would a buyer pay for this business. Those two numbers are not the same, and confusing them is the most expensive mistake founders make when they start thinking about an exit.
Last updated July 2026
Estimated business value
Method breakdown
What moves this number
Estimate, not a certified appraisal. Your figures are not stored.
Side by side
Businessappraisal vs Eqvista
| Capability | Businessappraisal | Eqvista |
|---|---|---|
| Built for owners and buyers valuing a business to sell | Built for venture-backed startups issuing options | |
| Entry price | From $29/mo | 409A from $990/yr, cap table free under 20 holders |
| Answers "what would a buyer pay" | No, a 409A prices common stock for the IRS | |
| Answers "what strike price is IRS safe harbor" | ||
| Time to a first number | Minutes | Analyst engagement, days to weeks |
| Earnings-based methods (SDE, EBITDA) | Secondary, most startups lack trailing earnings | |
| Cap table and waterfall modeling | ||
| IRS audit defense on the report | ||
| Educational estimate, not a certified appraisal | Certified 409A by NACVA-credentialed analysts |
Comparison reflects general product positioning and is provided in good faith. Verify current capabilities with each vendor.
What Eqvista actually does, and who it is for
Eqvista is cap table software with a 409A valuation service attached, sold to venture-backed startups. The core product tracks who owns what: shares, option pools, vesting schedules, SAFEs, board resolutions and waterfall modeling for an exit. Bolted onto that is an analyst-prepared 409A valuation, produced in-house by NACVA-credentialed staff, which a startup needs before it can legally price employee stock options.
That is a genuinely useful bundle for the company it targets. A seed-stage software company issuing options to its first ten engineers has to refresh its 409A every twelve months or after any material event, and having the valuation sit inside the same system as the cap table removes a real annoyance. Eqvista also includes lifetime audit support and IRS defense on the reports it issues, which matters because the entire point of a 409A is surviving scrutiny.
The mismatch appears when someone who is not a venture-backed startup lands on the site. If you own a $1.4M landscaping company, an HVAC business or a dental practice, you do not have a cap table worth managing, you are not issuing options, and you do not need safe harbor from the IRS on a strike price. You want to know what the business would sell for. Eqvista is not built to answer that, and no amount of cap table tooling gets you there.
Eqvista pricing in July 2026
Eqvista publishes its pricing, which is more than most valuation providers do. The 409A tiers are set by funding stage, and each one covers unlimited 409A updates and renewals for twelve months plus the premium cap table.
| Plan | Published price | What it covers |
|---|---|---|
| Freemium cap table | $0 | Under 20 stakeholders, ESOP and vesting, data room |
| Premium cap table | $2 per stakeholder per month | e-signing, board resolutions, Rule 701, Form 3921, waterfall modeling. Custom above 50 holders |
| 409A, startup or pre-revenue | $990 per year | Unlimited 409A updates plus premium cap table |
| 409A, friends and family or angel | $1,290 per year | Same, priced by stage |
| 409A, seed | $1,990 per year | Same, priced by stage |
| 409A, Series A | $2,590 per year | Same, priced by stage |
| 409A, Series B and later | Custom quote | Complexity-based |
| Add-ons | Expedited from $490, QSBS attestation from $1,000, ASC 718 from $500 | Optional |
Figures verified against Eqvista's own pricing page in July 2026. Vendors change pricing, so confirm before you buy. For context, independent 409A providers commonly quote $2,000 to $5,000 per valuation, so Eqvista prices below the middle of that market at the early stages.
A 409A valuation is not what your business is worth
A 409A values a startup's common stock for tax compliance, and it is deliberately conservative. It is normally well below what an acquirer would pay for the whole company. This is the single most important thing to understand before you use one number in place of the other.
The reason is structural. A 409A prices common stock, which sits behind every preferred share in the liquidation stack. It then applies a discount for lack of marketability, because the shares cannot be sold freely. The whole exercise exists so the IRS accepts that options were granted at fair market value and employees do not get hit with penalties under Section 409A. A low, defensible number is the desired outcome for everyone involved.
An acquisition price is the opposite exercise. A buyer pays for control of the entire company, for strategic value, for the customer base, and often above any intrinsic calculation because they want the asset. It is common for the enterprise value in an acquisition to be several times the per-share common valuation implied by the last 409A.
So if your question is "what would somebody pay me for this," a 409A is the wrong instrument, even a perfectly executed one. You want earnings-based methods: a multiple applied to seller discretionary earnings or EBITDA, cross-checked against a revenue multiple and a discounted cash flow, then benchmarked to comparable sales of similar businesses.
Eqvista vs Businessappraisal: which one fits your situation
These tools do not compete so much as answer different questions. Pick by what you actually need the number for.
| Businessappraisal | Eqvista | |
|---|---|---|
| Question answered | What would a buyer pay for this business | What strike price is IRS defensible |
| Typical user | Owner selling, buyer evaluating, advisor | Venture-backed founder, CFO, startup counsel |
| Pricing | From $29/mo, month to month | 409A from $990/yr, cap table free under 20 holders |
| Methods | Revenue multiple, SDE or EBITDA multiple, DCF, comps | 409A methodologies, OPM and waterfall allocation |
| Turnaround | Minutes, self-serve | Analyst engagement, expedited available from $490 |
| Cap table management | Not offered | Core product |
| IRS safe harbor | No | Yes, with audit support |
| Works without trailing profit | Weaker, methods lean on earnings | Yes, built for pre-revenue companies |
If you are a founder who needs both, the honest answer is that you need both, for different reasons. Use Eqvista or a peer for the 409A because that is a compliance requirement with legal consequences. Use an earnings-based estimate when you start fielding acquisition interest, so you walk into the conversation knowing what your multiple should look like.
Which one should you choose
- Choose Eqvista if you have institutional investors, a real cap table, and you are issuing stock options. The 409A is not optional and the bundled cap table at this price is competitive.
- Choose Businessappraisal if you own a cash-flowing business and want to know what it would sell for. Enter revenue, earnings and growth, get a range from three methods, and see which drivers move it.
- Choose a credentialed appraiser if a lender, a court or the IRS has to rely on the number for anything other than option pricing. Our guide to a certified appraisal versus an estimate covers where that line sits.
If you are weighing several tools, the business valuation software comparison puts Eqvista next to BizEquity, ValuAdder, Equidam and the certified providers in one table. Founders specifically comparing projection-driven platforms should also read the Equidam alternative breakdown, since Equidam targets a similar early-stage audience with different methodology.
Questions
Eqvista alternative questions people ask
How much does Eqvista cost?
Eqvista publishes tiered pricing. The cap table is free under 20 stakeholders and $2 per stakeholder per month on the premium plan. 409A valuations are priced by funding stage: $990 a year pre-revenue, $1,290 friends and family or angel, $1,990 seed, $2,590 Series A, and custom above that. Each 409A tier includes unlimited updates for twelve months.
Is Eqvista legit?
Yes. Eqvista is an established US company that produces 409A valuations through NACVA-credentialed analysts and provides audit support and IRS defense on the reports it issues. It is a real compliance provider, not a calculator. Whether it fits you depends entirely on whether you need a 409A, which most non-venture-backed businesses do not.
What is the best Eqvista alternative?
It depends what you need. For 409A compliance, the direct alternatives are Carta, Pulley and independent valuation firms. For owners and buyers who want to know what a business would sell for, a 409A provider is the wrong category entirely, and a self-serve earnings-based estimator like Businessappraisal answers that question in minutes from $29 a month.
Can I use a 409A valuation to sell my company?
No, not as a price. A 409A values common stock conservatively for tax compliance, applying a marketability discount and sitting behind preferred shares in the liquidation stack. Acquisition prices are routinely a multiple of the value a 409A implies. Use a 409A for option pricing and an earnings-based valuation for deal conversations.
Do I need a 409A valuation if I am not venture backed?
Almost certainly not. Section 409A applies when you grant stock options or other deferred compensation in a private company. A typical LLC or S corp with no option plan has nothing to price. If you are an owner planning a sale, what you need is a market value estimate based on earnings and comparable sales.
Does Eqvista offer a free plan?
Eqvista offers a free cap table tier for companies with fewer than 20 stakeholders, with no credit card required, covering ESOP management, vesting schedules, stakeholder accounts and a data room. The 409A valuation service is a separate paid engagement starting at $990 a year and is not included in the free tier.
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