Pulley
Skip
Confidence: Medium
Do not buy: Pulley is shutting down on December 8, 2026, per its own security page.
New check
Comparison
Pulley vs Carta
Pulley lands on Skip, and Carta lands on Depends.
Carta
Depends
Confidence: Medium
Buy if you're a venture-backed startup or VC fund that needs the market-standard cap table and fund-admin suite.
| Compare | Pulley | Carta |
|---|---|---|
| Verdict | Skip | Depends |
| Best for | Nobody buying new (service ends Dec 2026) | Venture-backed startups with complex cap tables |
| Who it's not for | Anyone making a new purchase . company ceases operations Dec 8, 2026 | Pre-seed startups with a simple cap table . use a spreadsheet |
| Privacy | No known public vulnerabilities found in the sources reviewed.² | Carta runs a public trust center and bug bounty, but had a 2024 customer-data privacy breach that forced it to shut its trading platform.13 |
| Support quality | In-house expert cap table reviews, on-demand managed services | Complaints on Software Advice and Trustpilot |
| Public sentiment | A few third parties recommended Pulley for startup cap tables, but independent review data is thin and the company is now shutting down.⁵ | G2 ratings are solid but Reddit, Trustpilot, and Software Advice surface pricing, support, and trust complaints.11 |
| Biggest gotcha | Service ends 12/8/26; any prepaid annual fees are effectively lost.² | 2024 breach: customer data was misused to contact other customers' investors; trading platform shut down.13 |
Pick Pulley when
- Nobody buying new (service ends Dec 2026)
- Historically: pre-IPO US startups
- Founders modeling dilution before raises
When Pulley is not a fit
- Anyone making a new purchase . company ceases operations Dec 8, 2026
- Teams wanting a stable, long-term equity vendor
- Buyers mid-switch from Carta or Ledgy
- Late-stage companies needing ongoing equity administration
Pick Carta when
- Venture-backed startups with complex cap tables
- VC funds needing fund administration
- Companies running tender offers or IPO prep
When Carta is not a fit
- Pre-seed startups with a simple cap table . use a spreadsheet
- Budget-sensitive teams wanting flat, predictable pricing
- Anyone unwilling to trust Carta with sensitive data post-breach
- Teams expecting responsive, hands-on support
Sources
- Pulley homepagepulley.comofficial
- Pulley security page (shutdown notice)pulley.comsecurity
news
- Yin Wu on Pulley pricing and switchinglinkedin.comofficial
- Tyler Richards on recommending Pulleylinkedin.comreview
review
- Pulley pitch deck teardown ($40M Series B)startupfundraising.comnews
- Startup AI Tech Stack listing Pulley and Ledgyneweconomies.coreview
review
review
review
news
- VC world rocked by allegations against Carta . Fast Companyfastcompany.comnews
review
- Carta Pricing . r/startupsreddit.comreview