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Disclaimer:

The information contained herein is provided for informational and discussion purposes only and is not intended to be a recommendation for any investment, service, product, or other advice of any kind, and shall not constitute or imply an offer of any kind. Any investment opportunities and/or products or services shown here will only be completed pursuant to formal offering materials, a letter of intent, and/or any other agreements as determined by AngelList containing full details regarding risks, minimum investment, fees, and expenses of such transaction. The terms of any product, service, or particular investment opportunity, including size, costs, and other characteristics, are set forth in the applicable constituent documents for such product, service or particular investment opportunity and may differ materially from those presented in this presentation. Such terms are subject to change without notice. For more information on AngelList and its products and services, please see here.

Quotes included in these materials related to AngelList's services should not be construed in any way as an endorsement of AngelList's advice, analysis, or other service rendered to its clients.

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Cap Table Management

AngelList vs. Carta
Cap Tables

Equity is your company’s greatest asset, and managing it can be complex and expensive. Compare and choose the equity management platform that is right for your company.

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AngelList vs. Carta for Fund Management

Top 3 reasons why companies
choose AngelList

1

Software simplicity
One-of-a-kind tools that keep your cap table clean and compliant.

Marie Schneegans

Seed stage

Motif switched from Carta to AngelList for the better user experience, especially the ability to keep a cleaner cap table with RUVs, and to get away from expensive stakeholder-based pricing

Marie Schneegans — Co-Founder

2

Pricing & service
Only pay for team members with equity, not investors.

David Snider

Series A

Harness Wealth switched from Carta to AngelList for the ease of cap table entries, responsiveness of service requests, scope of features, and price.

David Snider — Founder/CEO

3

A single provider
Bundle cap table management, Roll Up Vehicles, and people tools.

David Ikenna Adams

Pre-seed stage

If Then Ventures was able to onboard 35 angel investors as a single line on their startup’s cap table by using a Roll Up Vehicle.

David Ikenna Adams – Founder

A closer look

Features that help companies make better decisions, automate workflows, and stay compliant—all while saving time and money.

The basics: a 1-to-1 comparison

See how AngelList stacks up against Carta on these foundational features.

AngelList
Carta

Cap table management

Cap table management is the process of tracking and managing the ownership and equity of a company, including the allocation and vesting of stock options.

Cap table

Electronic share issuance

Equity grant issuance

Board consents

Investor & employee dashboard

Employee option exercising

Stock Splits & Option Repricing

Automated & In Product

Requires Contacting Support

Compliance / 409A Valuation

The method for determining the value of stock options granted to employees as part of their compensation package.

Standard 409A valuation

Standard 409A refreshes for material events

Add-on

409A audit support

External Vendor

Complex 409A valuation

Add-on

Add-on

ISO disqualification check

Account audit reports

Public companies

Expense reporting (ASC 718)

Transfer agent for companies using Reg CF

Rule 701 management

Equity reporting

The process of disclosing ownership interests in a company through financial statements and other financial disclosures. It provides information on the company's capital structure and the rights and obligations of shareholders.

Capitalization reports with drafts

Equity plan balance report

Rule 701 analysis worksheet

Exercise reports

ASC 718

Scenario modeling

Analyze and predict outcomes based on different assumptions and variables.

Partial support

Financing round modeling

Waterfall modeling

Breakpoints

Sensitivity analysis

Payouts

Financial transactions

Option exercises

Repurchases

Stock transfers

Tender offers

On request

On request

Shareholder management

Tools for communication, transparent decision-making, and ensuring fair distribution of profits and ownership rights.

Permissions: internal and external

Grant cap table access

Option grant & exercise approvals

Board consents

Board meeting management

Investor updates

Additional Fees

Compensation Benchmarking

Additional Fees

Investor platform

Employee platform

83(b) filings

Generate PDF In-App

Generates & Mails to IRS

Law firm platform

Liquidity

Easily convert assets into cash without affecting the price. Measure how easily an asset can be bought or sold in the market.

Tender offer platform & account manager

Data Rooms

Secure online spaces to store and share sensitive information during due diligence or other business transactions.

Access controls, viewership analytics

Add-on

Third-party comparison based on publicly available materials.

The AngelList Difference

AngelList offers several unique features that Carta simply doesn’t.

AngelList
Carta

Roll Up Vehicles® (RUVs)

Add multiple investors as a single line on your cap table with RUVs. Startups on AngelList get access to a No-Fee RUV in our Growth + plan.

Rollups

Rollups™ retroactively clean up the SAFEs already on the cap table so your company get faster equity rounds, and lower administrative costs. Included in the Growth plan.

Tie Out Assistant™

Ensure cap table accuracy thanks to automatic AI review of the underlying legal documents.

Increased transparency

Startups can see exactly what stakeholders see. No surprise emails are sent to your stakeholders.

Fast concierge migration

AngelList works with your team and law firm to migrate your cap table from all major cap table software providers. Most companies experience no added legal fees and are live within 3-5 business days.

Cap Table Lookthrough

See the full set of owners behind entities.

Add investors without adding costs

Investors are free. Only pay for team members (founders, employees, advisors with equity on your cap table).

End-to-end SAFE automation

Enjoy a full integrated online SAFE process, from board consent to collecting investor funds and updating the cap table.

Real-time valuation benchmarks

Avoid using stale data in your fundraise. See startup valuation data in real-time.

Third-party comparison based on publicly available materials.

Go beyond with

A one-of-a-kind startups software solution in a single bundle.

AngelList
Carta

AngelList Equity

Your cap table as described above.

Included

Separate purchase

AngelList Raise

Close equity rounds.

Included

AngelList People

Compensation benchmarking and visual offer letters.

Included

Separate purchase

Third-party comparison based on publicly available materials.

Avoid compounding costs

Because your investors are free with AngelList compared to Carta, you save money directly when migrating and continuously as your company grows.

How it works

Our team offers full-service, expedited onboarding for prior Carta customers.

1Carta migration
We do all the work of migrating your cap table, no onboarding fees.

When you sign up, choose ”Moving from Carta”, and our team takes care of the rest. Next, your team
2Recover Lost Money
Have some months left on your Carta subscription?

We’re comp’ing startups for their time remaining on Carta. So, if you have 6 months left with Carta, you will get the first 6 months free on AngelList with our standard annual contract.
3Law firm
Your law firm can initiate the process and complete your migration for you.

Pick a plan below to get started

Testimonial

I would recommend RUVs to all the founders I work with. Startups can save time and money while ensuring they have a clean cap table, which makes fundraising and M&A much smoother.
– Kyle Westaway, Startup Attorney, Westaway

Pricing

Plans for every stage

Roll Up Vehicles (RUVs)

Raise capital from up to 250 investors in a single line on your cap table.

$8,000

+ filing fees

Add-ons

  • International RUVs

  • Offline investor closing

  • Expedited closing timelines

  • Custom side letters (ie token warrants)

  • Non-standard US entities (non-DE/TX/NV C-Corps & DE PBCs)

Start raising now

Growth Plan

$3,200

/ year

30 team members included
Investors are free

Everything you need to manage your cap table:

  • 409A valuation

  • E-sign for equity grants

  • Cap table pro forma generation

  • Option exercise transactions

  • HRIS integration

  • Raise with custom docs (non-YC SAFEs)

  • Clean up your cap table with SAFE Cleanups

  • QSBS reporting

Set up cap table & subscribe

Scale Plan

Contact us

Tailored plans for larger companies
Discounts for multi-year contracts

Everything in the Growth Plan, plus:

  • ASC 718 reporting

  • Automated closings for equity rounds

  • Priority support (phone / slack)

  • Fast-tracked onboarding

Talk to our team

"Team members" is the sum of founders, employees, advisors/service providers with equity or options. Investors do not count.

Prices listed above are not inclusive of applicable state taxes.

In good company

The AngelList platform increases the flow of capital to startups by removing friction for investors.

1,600+

Startups that switched their cap table to AngelList from other providers

$581M

Capital raised by founders on AngelList

$80M+

Saved for startups via RUVs

16,809

Investors on AngelList

11,000+

Startups funded

17,337

Investments into unique startups on AngelList since 2014

2,919

Fund managers on AngelList

From the founder community

Follow @AngelList

  • Mario Amaro 🐶 (The Private Practice Doc)
    Mario Amaro 🐶 (The Private Practice Doc)@MarioATX_MD
    You have to love it when software just works. No gimmicks, no unnecessary features, just keeping it basic and solving my problem. I recently switched my cap table management software to @AngelList Stack and honestly it's been awhile since I've used a product that was that easy.
    Sep 30, 2022, 7:22 PM
  • Mario Gabriele 🦊💭
    Mario Gabriele 🦊💭@mariogabriele
    AngelList is on fire like never before. Twelve years in, and it feels like it's just getting started. 🔥 Rolling Funds changed the game 🔥 RUVs are a founder's dream 🔥 Stack is a full startup OS It's a unicorn...that keeps making new unicorns. t.co/QVbasdndJl
    Mar 6, 2022, 9:39 PM
  • Heather Hopkins💜 Hulah
    Heather Hopkins💜 Hulah@itsheatherhop
    Shoutout to @AngelList killing it with it's customer service and founder friendly experience. It's clear they really listen to their customers👏🫶 @DanHightowerJr
    May 14, 2022, 4:21 AM
  • br1an.eth
    br1an.eth@bdguan
    just got off a meeting with @AngelList and @DanHightowerJr, angellist stack is an incredible product with a dope team behind them. anyone building a startup should be using angellist stack to handle all the bullshit when it comes to fundraising and ops
    Apr 28, 2022, 11:56 PM
  • Arjay Ruggles 🎒
    Arjay Ruggles 🎒@LifeWithArjay
    @sunilpai @lolitataub +1 on AL stack. The full range of products offered out Stripe Atlas and Clerky to shame
    Mar 28, 2022, 11:21 PM
  • Harri Thomas
    Harri Thomas@harri_thomas
    @sriramkri @naval We registered our business on @AngelList in March. What was previously a difficult process and 4 different tools is now much simpler. And the support is excellent. Can recommend!
    May 21, 2022, 8:42 AM
  • Le
    Le@AlecHndez
    @AngelList @avlok @naval the new UX and features update to AngelList is awesome, it really helps founders have clarity on SAFEs and priced round strategy
    Jul 8, 2022, 3:04 PM
  • Ali Ahsan
    Ali Ahsan@AliAirajAhsan
    @AngelList is one of the best products I've used this year. Kudos to the team, absolutely brilliant work 👏 Founders - best & most cost effective way to incorporate your company
    May 26, 2022, 3:57 PM
  • Nick Simpson
    Nick Simpson@itsNickSimpson
    Can’t recommend @AngelList enough. Killer product @sumukhsridhara. 💯
    Jun 14, 2022, 9:07 PM

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