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
BizEquity
History
BizEquity
Founded
BizEquity Today
Early
Phase
Middle
Phase
Recent
Phase
Approximate Dates:
2010
2019
Key Steps:
2010: BizEquity founded
XXXX: --
XXXX: --
XXXX: --
Source: 3/8/19 Cunchbase Web Site; Tiburon Research & Analysis

4. BizEquity is Not a Frequent Advertiser
Comments --
Source: Tiburon Research & Analysis 3

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

6. BizEquity Has a Charitable Giving Program
Comments --
Source: Tiburon Research & Analysis 5

7. BizEquity Has Five Offices, Consistent Since 2018
Source: 3/8/19 BizEquity Web Site; Tiburon Research & Analysis 6 6 6

8. 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 7 7

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

10. BizEquity Generates $7.9 Million Revenues
Needs more complete data
BizEquity
Revenues
($ Millions)
Source: 3/8/19 Cunchbase Web Site; Tiburon Research & Analysis 9 9 9

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

12. BizEquity’ First Service is Business Valuation
Comments --
Source: Tiburon Research & Analysis 11 11

13. 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

14. 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

15. 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

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

17. 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