1. BizEquity: The Global Leading Provider of Online Business Valuation
Tiburon Research
March 8, 2019

2. BizEquity Comments Founded in 2010 Founded by Michael Carter
Based in Wayne, PA
5 offices
215 employees
Founder: Michael Carter
Web site: bizequity.com
Source: 3/8/19 BizEquity Web Site; 3/8/19 Cunchbase Web Site; Tiburon Research & Analysis

3. BizEquity was Founded in 2010 and Has Subsequently Evolved Through its Early, Middle, & Recent Phases
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BizEquity
History
BizEquity
Founded
BizEquity Today
Early
Phase
Middle
Phase
Recent
Phase
Approximate Dates:
2010
2019
Key Steps:
2010: BizEquity founded
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Source: 3/8/19 Cunchbase Web Site; Tiburon Research & Analysis

4. BizEquity was Founded by Michael Carter in 2010
Comments
Founded in 2010
Founded by Michael Carter
Based in San Francisco, CA
5 offices
Founder: Michael Carter
Source: 3/8/19 BizEquity Web Site; 3/8/19 Cunchbase Web Site; Tiburon Research & Analysis 3 3

5. BizEquity is Not a Frequent Advertiser
Advertising
Comments --
Source: Tiburon Research & Analysis 4

6. BizEquity Has a Web Site with Four Core Sections, Including Home, Business Valuations, Advisors, & About Us
BizEquity
Web Site
BizEquity
Web Site
Home
Advisors
About Us
Business Valuations
Source: 3/8/19 BizEquity Web Site; Tiburon Research & Analysis 5

7. BizEquity is Not a Frequent Acquirer
Acquisitions
Comments --
Source: Tiburon Research & Analysis 6

8. BizEquity Has a Charitable Giving Program
Comments --
Source: Tiburon Research & Analysis 7

9. BizEquity Has Five Offices, Consistent Since 2018
Source: 3/8/19 BizEquity Web Site; Tiburon Research & Analysis 8 8 8

10. BizEquity’ Offices Include London, United Kingdom; New Delhi, India; Philadelphia, PA; Singapore; & Wayne, PA
BizEquity
Offices
London, United Kingdom
New Delhi, India
Philadelphia, PA
Singapore
Wayne, PA --
Source: 3/8/19 BizEquity Web Site; Tiburon Research & Analysis 9 9

11. BizEquity Has 215 Employees, Consistent Since 2018
Source: 3/8/19 Owler Web Site; Tiburon Research & Analysis 10 10

12. BizEquity Serves Clients
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BizEquity
Clients
Source: Tiburon Research & Analysis 11 11

13. BizEquity Generates $7.9 Million Revenues
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BizEquity
Revenues
($ Millions)
Source: 3/8/19 Cunchbase Web Site; Tiburon Research & Analysis 12 12 12

14. BizEquity Earns $___ Million
Needs data
BizEquity
Net Profits
($ Millions)
Source: Tiburon Research & Analysis 13 13 13

15. BizEquity Has One Services, Including Business Valuation
Businesses
Business Valuation --
Source: 3/8/19 BizEquity Web Site; Tiburon Research & Analysis

16. BizEquity’ First Service is Business Valuation
Comments --
Source: Tiburon Research & Analysis 15 15

17. BizEquity’ Second Service is…
Comments --
Source: Tiburon Research & Analysis 16 16

18. BizEquity is Led by its CEO Michael Carter
Organizational Chart
Michael Carter
CEO
Phil Calamia
Chief Financial Officer
Amir Tahvildaran
Chief Technology Officer
Scott Gabehart
Chief Valuation Officer
Jason Early
Chief Revenue Officer
Note: Michael Carter founded the firm in 2010; Scott Gabehart joined the firm in XXXX; Jason Early joined the firm in XXXX; Phil Calamia joined the firm in XXXX; Amir Tahvildaran joined the firm in XXXX
Source: 3/8/19 BizEquity Web Site; Tiburon Research & Analysis

19. BizEquity Has a Board of Directors Led by its Chairman…
Tom Petro
Randy Shuken
Peter Brooks
Michael Abbott
Michael Moe
Joined in XXXX
Joined in XXXX
Joined in XXXX
Joined in XXXX
Joined in XXXX
Source: 3/8/19 BizEquity Web Site; Tiburon Research & Analysis

20. BizEquity Has a Board of Directors (Page 2)
Miles Frost
John Loftus
Pete Musser
Clarence Davis --
Joined in XXXX
Joined in XXXX
Joined in XXXX
Joined in XXXX --
Source: 3/8/19 BizEquity Web Site; Tiburon Research & Analysis

21. BizEquity is Privately Owned
Comments --
Source: Tiburon Research & Analysis

22. BizEquity Assets ($ Millions)
BizEquity Has Assets
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BizEquity
Assets
($ Millions)
Source: Tiburon Research & Analysis 21 21 21

23. BizEquity Has Liabilities
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BizEquity
Liabilities
($ Millions)
Source: Tiburon Research & Analysis 22 22 22

24. BizEquity Has Shareholders’ Equity
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BizEquity
Shareholders Equity
($ Millions)
Source: Tiburon Research & Analysis 23 23 23

25. BizEquity Earns … Per Share
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BizEquity
Earnings Per Share
Source: Tiburon Research & Analysis 24 24 24

26. BizEquity Declares … Dividends Per Share
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BizEquity
Dividends Per Share
Source: Tiburon Research & Analysis 25 25 25

27. BizEquity Has a … Dividend Yield
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BizEquity
Dividend Yield
Source: Tiburon Research & Analysis 26 26 26

28. BizEquity’ Stock Price is …
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BizEquity
Stock Price
Source: Tiburon Research & Analysis 27 27 27

29. BizEquity Has … Shares Outstanding
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BizEquity
Shares Outstanding
Source: Tiburon Research & Analysis 28 28 28

30. BizEquity’ Market Capitalization is …
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BizEquity
Market Capitalization
($ Millions)
Source: Tiburon Research & Analysis 29 29 29

31. BizEquity Ownership By Owner
BizEquity is Owned by ….
Needs data
BizEquity
Ownership
By Owner
Source: Tiburon Research & Analysis 30 30 30

32. BizEquity’ Stock Volume is….
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BizEquity
Stock Volume
Source: Tiburon Research & Analysis 31 31 31

33. Tiburon Strategic Advisors
Comments
Focus on corporate-level strategy
Serve senior executives only at financial services companies
Key services: market seminars, market research, & strategy consulting
Served over 450 corporate clients and completed over 2,200 projects since 1998
Host semi-annual CEO Summits, offer free weekly research releases, and offer free business benchmarking tools for all types of advisors
Chip Roame background
McKinsey & Company
Charles Schwab & Company
Tiburon since 1998
Source: Tiburon Research & Analysis