Found
Found is a financial platform for the self-employed, offering integrated business banking, bookkeeping, tax tools, and automated expense tracking.
Secondary Market Price
Secondary Market Price
How Found Measures Up
To help you manage your Found equity, Prospect has run the company through our machine learning model.
Prospect Rating
4X
We rate Found at 4X, projecting its value could quadruple in about four years. For an employee, this means the stock you are granted could become four times more valuable if the company meets this projection.
Exit Risk
Moderate Risk
Our Moderate Risk rating for Found signifies that while the company is scaling quickly with backing from top investors, its likelihood of reaching a liquidity event for employees is less certain than the lowest-risk startups due to significant market competition and regulatory complexities.
Funding Stage
Series B
A Series B funding round means Found has a proven business model and is now focused on scaling, offering more job security than an earlier-stage startup. This also means you're joining at a key growth moment, creating more opportunities for you to take on responsibility and advance your career.
Secondary Market Price Chart
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Prospect Projected Future Found Prices
Prospect’s machine learning model has been trained on the same data top-tier investors use to project the likely range of outcomes for Found's equity. Create a free account to view 10th-90th percentile projections over 2, 4, and 6 years.
Powerful tools to earn more from your equity
Company Description
Found is a financial technology company that offers an integrated platform for self-employed individuals and small business owners. The platform combines business banking, bookkeeping, and tax management tools, including a business bank account provided through Lead Bank, a Mastercard debit card, expense tracking, and invoicing features. The company, which was formerly known as Indie, was founded in 2019 by Lauren Myrick and Connor Shannon. The co-founders previously worked together at Square, where their experience simplifying payroll taxes for small businesses inspired them to address the financial challenges faced by the self-employed.
Recently, the company has expanded its product offerings with the launch of Found Assistant, an AI-powered in-app tool for financial management, and introduced multi-business management, allowing users to oversee up to five businesses on one account. In June 2024, Found raised $50 million in a Series C funding round. The company plans to continue its growth by partnering with platforms that have large self-employed user bases, positioning itself to serve a market segment that is projected to represent the majority of U.S. workers by 2027.
- Sequoia Capital
- Founders Fund
- Lightspeed Venture Partners
- Khosla Ventures
- IVP
- CEO Sarah Jones Simmer
- Co-Founder, CPO Emily Yudofsky
- Co-Founder, CTO Swathy Prithivi
Peer Group Comparison
Vs Peer Group of >$4B Startups
Frequently Asked Questions
Joining Anduril as an employee is another way to acquire equity, typically through stock options included in compensation packages.
Is Found worth joining?
Based on its 20x user growth and backing from top investors like Founders Fund and Sequoia, Found shows strong potential in a rapidly expanding market for the self-employed. To determine if it's the right fit for you, you can use resources like Prospect to analyze the company's trajectory and evaluate your potential equity offer.
What should I do with my Found stock?
Deciding what to do with private company stock involves complex tax and timing considerations that can significantly impact your financial outcome. Platforms like Prospect offer tools to model different scenarios, optimize for taxes, and create a personalized strategy for your Found shares.
Can you sell Found stock?
As Found is a private company, its stock is illiquid and cannot be sold on a public exchange like the NYSE or NASDAQ. Selling opportunities are typically limited to specific events, such as company-approved tender offers or secondary market transactions, which tools from Prospect can help you navigate.
How can I find the value of my Found stock?
The value of private shares is often determined by the company's most recent 409A valuation or the price set during its last funding round. For a more forward-looking estimate, Prospect provides data-driven projections on what your equity could be worth by analyzing growth metrics, investor quality, and market trends.
What is Found's equity worth?
Found's most recent valuation is estimated to be between $250 million and $500 million. This valuation was established after its $60 million Series B funding round, and the company is now at the Series C stage.
What is Found's stock ticker symbol?
Found does not have a stock ticker symbol. Ticker symbols are only assigned to publicly traded companies, and Found is currently a privately held company.
Can I buy or sell Found stock?
Since Found is a private company, its stock is not available for purchase or sale on public stock exchanges. Any transactions are typically restricted to accredited investors during organized funding rounds or limited secondary sales.
What is the criteria to buy or invest in Found stock?
Investing in Found is generally limited to accredited investors, venture capital firms, and other institutional partners. These opportunities typically only occur during specific fundraising rounds and are not open to the general public.
