Pulley vs Shareworks

Pulley helps companies of all sizes manage their cap table and compliance needs. Whether you just incorporated, or you're looking to IPO soon, Pulley can help.

Why choose Pulley over Shareworks?

Pulley is the highest rated cap table management software on G2.

Feature

Pulley

Shareworks

Onboarding

Accurate concierge onboardings in 7-10 days for all plans. Our onboarding team uses automated AI to ensure higher accuracy.

No board approval required for onboarding - you do not need to re-issue previously issued stock options and SAFEs to investors.

Onboarding

83(b) elections

83(b) workflows approved by accountants. Admins can track 83(b) elections.

83(b) election forms and dates are set to the date of funding receipt for accurate accounting.

No tracking for 83(b) elections.

83(b) election forms set to date of exercise submission (source).

Option grants

Generate signed, legally binding option grants with all material terms for diligence.

Does not generate signed legal documents. Requires third party tool like DocuSign if signatures are required.

409A valuations

Audit-ready valuations. 5 day turnaround times. Unaffiliated, third party provider.

Direct access to your auditor for support and questions.

Valuations take fifteen business days or longer with huge backlog (source).

Limited communication with auditor to answer your questions (source).

Reporting

Comprehensive reports that display all cap table data but also summarizes each element of your equity plan and cap table in separate line items for easy analysis.

A large variety of reports. Carta cap table data may require manual calculations to get the information you need, such as how many options have been exercised in your stock plan.

Fundraising modeling

Most advanced fundraising modeling:

✔️ Exportable pro-forma in Excel for your legal and venture capital team
✔️ Support for pro-rata and YC's participation rights
✔️ Detailed ownership percentages for all stakeholders
✔️ Accurate conversion for pre-money SAFEs
✔️ Model dilution

See how this works.

Limited functionality.

Grouped ownerships percentages.

No support for pro-rata and YC's participation rights.

Scaling features

Pulley is engineered to handle complex cap tables with features including:

• Stock splits that process instantly
• Vesting support for milestone and time based vesting
• Spousal agreements for grants
• 409A valuations for cryptocurrency startups

Complex cap table situations may take longer to process. Stock splits take up to one month to process. Vesting for milestone and time based vesting requires separate grant agreements.

Customer support

Phone and email support included in all plans. Our average support time is less than five minutes.

We have a team of experts - founders and lawyers - to answer your questions.

Self-help. Longer response times.

Pricing

Estimated cost for your first year for a team of 40 is $3,500.

Unclear - ask your sales rep.

Questions? Happy to help.

Talk with us
Shareworks

Onboarding

Accurate concierge onboardings in 7-10 days for all plans. Our onboarding team uses automated AI to ensure higher accuracy.

No board approval required for onboarding - you do not need to re-issue previously issued stock options and SAFEs to investors.

Onboarding

83(b) elections

83(b) workflows approved by accountants. Admins can track 83(b) elections.

83(b) election forms and dates are set to the date of funding receipt for accurate accounting.

No tracking for 83(b) elections.

83(b) election forms set to date of exercise submission (source).

Option grants

Generate signed, legally binding option grants with all material terms for diligence.

Does not generate signed legal documents. Requires third party tool like DocuSign if signatures are required.

409A Valuations

Audit-ready valuations. 5 day turnaround times. Unaffiliated, third party provider.

Direct access to your auditor for support and questions.

Valuations take fifteen business days or longer with huge backlog (source).

Limited communication with auditor to answer your questions (source).

Reporting

Comprehensive reports that display all cap table data but also summarizes each element of your equity plan and cap table in separate line items for easy analysis.

A large variety of reports. Carta cap table data may require manual calculations to get the information you need, such as how many options have been exercised in your stock plan.

Fundraising modeling

Most advanced fundraising modeling:

✔️ Exportable pro-forma in Excel for your legal and venture capital team
✔️ Support for pro-rata and YC's participation rights
✔️ Detailed ownership percentages for all stakeholders
✔️ Accurate conversion for pre-money SAFEs
✔️ Model dilution

See how this works.

Limited functionality.

Grouped ownerships percentages.

No support for pro-rata and YC's participation rights.

Scaling features

Pulley is engineered to handle complex cap tables with features including:

Stock splits that process instantly
• Vesting support for milestone and time based vesting
• Spousal agreements for grants
• 409A valuations for cryptocurrency startups

Complex cap table situations may take longer to process. Stock splits take up to one month to process. Vesting for milestone and time based vesting requires separate grant agreements.

Customer support

Phone and email support included in all plans. Our average support time is less than five minutes.

We have a team of experts - founders and lawyers - to answer your questions.

Self-help. Longer response times.

Pricing

Estimated cost for your first year for a team of 50 is $3,500.

Unclear - ask your sales rep.

Join other top founders on Pulley

Kaitlin Christine

Kaitlin Christine

CEO, Gabbi

"Wow, I have been looking for a better solution than Carta and this experience (UXUI) is already FAR superior! Way to go!"

Brittani Dunlap

Co-Founder, BrightReps (YC W21)

“You have been insanely helpful....huge difference in onboarding experiences [between Pulley and Carta]”

Hunter Horsley

Hunter Horsley

Co-Founder, Bitwise

“I never knew what I was paying for with Carta. [Pulley's] growth plan especially is all encompassing - includes board approvals, exercising options, 409A valuations.”

Pulley offers more for the price.

Employees

Pricing that scales

Invite as many admins as you need to manage your cap table. We charge only a fixed price per stakeholder.

Investors

Payroll Integration

Pulley integrates with Gusto, ADP, and many of the leading HRIS platforms to make it easier for you to track and manage an employee's total compensation.

HR & Finance & Legal

Advanced Features

We don't want to nickle and dime you for cap table management. Scenario modeling, form 3921, and much more are included. Ask other cap table providers if they include the same.

Onboarding Process

1

Send docs

Securely send us your client's cap table and agreements

2

Pulley reviews

Pulley reviews your documents and builds an accurate cap table

3

You review

Review and approve your client's cap table

4

Go live!

Contact stakeholders to view their grants on Pulley

Our Pricing

For budget-conscious and scrappy startups, you can start with our Startup plan. Scale up to our Growth plan when you raise and hire with two 409A valuations included.

Startup

$1200

/yr
Greater than 25 stakeholders
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Cap table management

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Share Certificate

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Electronically send & sign option grants, SAFEs, etc.

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Cap table modeling

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Concierge onboarding

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Option and equity templates

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Offer letters

Growth

$3500

/yr
Up to 40 stakeholders

Startup plan, plus:

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409A valuations (learn more)

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Replacement for Docusign to issue equity grants

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Electronic option exercises

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Rule 701

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Form 3921

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Board approvals

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HRIS integration

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Crowdfunding deal 💵

Early-stage with a ton of angel investors? Ask us about our crowdfunding pricing where we can bundle your investors together.

Trusted by founders and companies from seed → scale

We make complex cap tables easy to manage

Join 3000+ startups managing their equity with Pulley