First of all, how are you and your family doing in these COVID-19 times?
Tomas Milar: Hi, thankfully everyone in my family is healthy and safe. Of course, COVID 19 is worldwide pandemic, so it has severely impacted many industries and the economy. Still, we are glad that everybody in our company and their families are staying healthy.
Tell us about you, your career, how you founded Eqvista.
Tomas Milar: In 2011, I founded the company Startupr Hong Kong Limited, which is a company formation and corporate service provider in Hong Kong, serving thousands of companies over the years. In 2017 we acquired IncParadise, a business incorporation service provider in the USA. With helping to manage tens of thousands of companies in Asia and the US, we decided to start Eqvista in 2018, which is a sophisticated equity/cap table management software to track and manage company share activities.
How does Eqvista innovate?
Tomas Milar: Our core value is to help our clients right from starting a company and assisting them with complicated administrative work such as issuing of shares for the company, cap table management and other tedious filings. Our aim is to simplify these corporate processes so as to free business owners to concentrate on growing their business, as well as help them manage their company equity when dealing with founders, employees, investors and advisors.
We are constantly innovating our software features and services to evolve with the changing corporate needs of our clients, be it with equity management, share certificates, online document management, financial modeling, and others. We take our clients’ feedback seriously, which really helps us in making our product better and better each day.
How the coronavirus pandemic affects your business, and how are you coping?
Tomas Milar: COVID 19 has created many challenges for new startup investments and the funding processes. So it has affected many of our clients’ private equity deals, and supporting them in this crucial time is one of our top priorities. So we are assisting clients along the way until they can weather the storm, so to speak, and introduce more funds and shareholders into their company.
How do you Project yourself and Eqvista in the Future?
Tomas Milar: We’ve got one of the most experienced teams in the industry, and we were able to move fast and develop one of the most user-friendly CapTable management platforms on the market. What we have accomplished in two years in terms of our company development and growth normally takes companies around five years to achieve.
Therefore we see ourselves as one of the top players in our field in the coming years, and we are also working hard to reach out to other industries to incorporate equity management into their business.
We also take our clients suggestions and feedback seriously, which helps us in making our product better in the end.
Who are your competitors? And how do you plan to stay in the game?
Tomas Milar: Some of the top competitors in our market are Carta and Solium, which also provide a cap table and equity management for companies.
We plan to keep introducing more key features on our platform to help clients, as well as important services like our 409a valuations, at an affordable price. Especially in the times of COVID 19, we find clients are looking for equity solutions that they can actually afford.
We are also keen on our customer support, and with offices in both the US and Asia, we can provide consultation and support nearly round the clock for our international clients.
Your final thoughts?
Tomas Milar: We believe the future is bright for Eqvista and we have big plans for 2021 and beyond. As the economy comes back, we plan to scale up the business and keep developing new features and expand our reach into new industries, all the while making equity management more accessible for companies.