AngelList vs. Pulley
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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Contact UsTop 3 reasons why companies
choose AngelList
Broader feature set
One-of-a-kind tools that keep your cap table cleaner.
AngelList comes with RUVs and Rollups, both help companies keep a cleaner cap table.
Better pricing
Only pay for team members with equity, not investors.
AngelList Equity only charges based on the number of team members. Companies can save thousands per year as a result.
A trusted platform
AngelList's platform serves VCs, LPs, and companies.
Companies choose AngelList Equity because their investors trust AngelList.
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 Pulley on these foundational features.
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
Option exercise automation & payments
Option holders can easily exercise options in their stakeholder portals, and AngelList Equity will calculate tax withholdings, generate and sign exercise agreements, and facilitate exercise payments.
Board consents
Investor & employee dashboard
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/NSO splits and ISO disqualification check
Account audit reports
Expense reporting (ASC 718)
Uses outside service
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
Scenario modeling
Analyze and predict outcomes based on different assumptions and variables.
Cap Table pro forma generation
Financial transactions
Option exercises and payments
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.
Stakeholder Portals
Grant cap table access
Board consents
Employee platform
Investor updates
Investor 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
Third-party comparison based on publicly available materials.
The AngelList Difference
AngelList offers several unique features that Carta simply doesn’t.
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.
ASC 718 Reporting
AngelList offers in-app, automated, and highly customizable ASCC 718 reports. Pulley's are external.
Law Firm Portal
Law firms can work more efficiently in AngelList with a dedicated mutli-client portal.
Tie Out Assistant™
Ensure cap table accuracy thanks to automatic AI review of the underlying legal documents.
Increased transparency
Equity admins can always preview exactly what stakeholders see.
Fast migration from Pulley to AngelList
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 1-2 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.
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.
Third-party comparison based on publicly available materials.
Go beyond with AngelList
A one-of-a-kind startups software solution in a single bundle.
AngelList Equity
Your cap table as described above.
Included
Separate purchase
AngelList Raise
Close equity rounds.
Included
AngelList Banking
High-interest checking, fully operational accounts, deeply integrated to make option exercise and collecting funds from investors easy.
Included
AngelList People
Compensation benchmarking and visual offer letters.
Included
Separate purchase
Third-party comparison based on publicly available materials.
Avoid compounding costs
Your investors are free with AngelList. Compared to Pulley, 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.
Onboarding/migration
We do all the work of migrating your cap table, no onboarding fees.
If you're moving from Pulley, choose "Moving from Pulley", and our team takes care of the rest.
Recoup costs
Have some months left on your Pulley subscription?
We're comp’ing startups for their time remaining on Pulley. For example, if you have 6 months left with Pulley, you will get the first 6 months free on AngelList with our standard annual contract.
Law firm
Your law firm can initiate the process and complete your migration for you.
Pricing
Plans for every stage
The Starter Plan is free for companies that have raised less than $1M. Get started.
Starter
$1,600
/ year
Free for companies that have raised less than $1M
20 team members included
$9 per additional member/month
Investors are free
Features
Equity (cap table management)
Raise (fundraising automation)
Banking
Offers
Growth
$3,200
/ year
30 team members included
$10 per additional member/month
Investors are free
Everything in Starter, and:
409A valuation
E-sign for equity grants
Cap table pro forma generation
Option exercise transactions
HRIS integrations
Unlimited Rollups
Growth +
$5,600
/ year
30 team members included
$10 per additional member/month
Investors are free
Everything in Growth, and:
One standard RUV per year
Automated closings for equity (priced) rounds
Scale
Contact us
Tailored plans for larger companies
Discounts for multi-year contracts
Investors are free
Everything in Growth +, and:
ASC 718
Priority support (phone/Slack)
Fast-tracked onboarding
Early access to new features
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
$52M
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
Mario Amaro 🐶 (The Private Practice Doc)@MarioATX_MDYou 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 and honestly it’s been awhile since I’ve used a product that was that easy.
Mario Gabriele 🦊💭@mariogabrieleAngelList 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
Heather Hopkins💜 Hulah@itsheatherhopShoutout to @AngelList killing it with it's customer service and founder friendly experience. It's clear they really listen to their customers👏🫶 @DanHightowerJr
br1an.eth@bdguanjust 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 to handle all the bullshit when it comes to fundraising and ops
Arjay Ruggles 🎒@LifeWithArjay@sunilpai @lolitataub +1 on AL stack. The full range of products offered out Stripe Atlas and Clerky to shame
Harri Thomas@harri_thomasWe 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!- @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
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
Nick Simpson@itsNickSimpsonCan’t recommend @AngelList enough. Killer product @sumukhsridhara. 💯
