Meet the Founder
The architect behind three of America's leading valuation practices
Dar Fazulyanov
Building America's Valuation Infrastructure
Dar Fazulyanov has spent the last two decades founding, building, and scaling valuation practices that now serve thousands of companies across the United States. His fingerprints are on three of the industry's most recognized names:
Ryan LLC — Founded Greener Equity, which merged with Economics Partners and was subsequently acquired by Ryan, a $1B+ global tax services firm. The valuation practice Dar built now operates as part of Ryan's national platform.
Carta — Led Greener Equity to become Carta's exclusive 409A valuation partner, building the foundation for what became Carta's in-house valuation practice serving 40,000+ companies.
Scalar — Co-founded Preferred Returns with Jeron Paul, which later became Scalar—now one of the most recognized 409A valuation firms in the startup ecosystem with 25,000+ valuations completed.
Wall Street Foundation
Before building valuation practices, Dar developed his analytical foundation at the world's premier financial institutions:
- Deutsche Bank M&A — Executed the NDB acquisition and helped structure DB Advisors ($8B+ AUM)
- Lehman Brothers FIG — Worked on Cerberus/Aozora Bank and Freddie Mac $4B note offerings
- Bain & Company — Led engagements including Ford/Visteon IPO and Swissair/SAA acquisition
Venture Capital & Operating Experience
Dar brings the perspective of both investor and operator:
- vSpring Capital / Signal Peak Ventures — Investment professional at $450M+ AUM venture firm; portfolio included MediConnect ($350M exit)
- CFO Experience — Led finance at S5 Wireless through venture raises, $20M+ VC funding, and $1M+ DHS government contracts
- Capital Raised — $100M+ raised across portfolio companies and direct engagements
Education & Recognition
- MBA, Tuck School of Business at Dartmouth — Edward Tuck Scholar (top 10%)
- BA Economics, Brigham Young University — Magna Cum Laude, Minor in Accounting
- Top 100 Utah Tech Entrepreneurs — Three-time recipient
- Toptal "Top 3%" — 409A valuation, fractional CFO