Pulley vs Shareworks: Choose the more startup-friendly solution for equity management

Startups need a cap table solution that is user-friendly and integrates with the rest of their tech stack. Learn why founders and finance teams choose Pulley.

Shareworks is designed for large enterprises. Pulley is designed for founders and finance teams.

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People you
can trust

Pulley will never share your data or use your confidential information to broker trades. Your data stays secure and protected with Pulley.

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Expert
support

Get professional help in any area, with an average response time of five minutes. Pulley also offers managed services on a retainer basis.

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Transparent
pricing

Pulley provides startup-friendly pricing plans at a fixed price per stakeholder, so you don’t have to worry about any hidden costs.

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Scalable equity management

Plans include advanced features to support your startup’s growth—whether you're scaling, preparing for M&A, or planning an exit.

Pulley vs Shareworks Comparison

Pulley

Shareworks

Pricing

Transparent, scalable pricing with startup-friendly options.

  • Startup Plan is $1200 per year for up to 25 stakeholders.

  • Growth plan is $3500 for your first year for a team of up to 40.

Custom enterprise pricing.

You will have to ask a sales rep to get pricing info.

Customer Support

Fast and experienced support team.

  • Average response time is less than 5 minutes.

  • Get answers from seasoned founders and lawyers.

  • Best-rated support in the industry (source).

  • Phone, email, and chat support for you, your stakeholders, and third-parties like law firms and auditors.

Self-help. Longer response times.

Ease of Use

Intuitive experience designed for founders and finance teams.

Use individual issuance flows with step-by-step guides, helpful tips, and alerts. You only need to choose spreadsheet mode for bulk issuance.

Powerful, but can be complex to set up and navigate, especially for smaller teams.

409A Valuations

Two valuations a year are included in most subscriptions.

  • Five-day turnaround time.

  • Dedicated 409A specialist.

  • Accelerated valuations by request.

  • Includes audit support if needed.

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

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

Option Grants

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

Does not generate fully executed legal documents with all material terms included. Requires a third-party tool like DocuSign to collect signatures.

Reporting

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

Custom reports are included in Growth and Custom plans.

A large variety of reports. Shareworks 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

Advanced fundraising modeling tools.

  • Export pro-formas 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.

Similar fundraising tools, but with limited functionality.

  • Grouped ownerships percentages.

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

Scaling Capabilities

Designed to handle complex cap tables as you scale.

  • Stock splits process instantly.

  • Support for hybrid, milestone, and time-based vesting for all equity types.

  • Spousal agreements for grants.

Has extensive capabilities for large enterprises, but with longer processing times.

  • Complex cap table situations may take longer to process. 

  • Stock splits take up to one month to process. 

  • Milestone vesting and time-based vesting require separate grant agreements.

Token Equity

Comprehensive token cap table management

  • Issue & distribute token equity

  • Create and manage complex vesting schedules

  • Integrate with top custodian platforms and deploy through major blockchains

Only supports traditional equity.

Founder & Employee Experience

Designed to help founders and finance leaders understand equity.

Focused more on institutional investors.

Pulley vs Carta in detail

Pricing

Pulley

Transparent, scalable pricing with startup-friendly options.

  • Startup Plan is $1200 per year for up to 25 stakeholders.

  • Growth plan is $3500 for your first year for a team of up to 40.

Carta

Custom enterprise pricing.

You will have to ask a sales rep to get pricing info.

Customer Support

Pulley

Fast and experienced support team.

  • Average response time is less than 5 minutes.

  • Get answers from seasoned founders and lawyers.

  • Best-rated support in the industry (source).

  • Phone, email, and chat support for you, your stakeholders, and third-parties like law firms and auditors.

Carta

Self-help. Longer response times.

Ease of Use

Pulley

Intuitive UX designed for founders and finance teams.

Use individual issuance flows with step-by-step guides, helpful tips, and alerts. You only need to choose spreadsheet mode for bulk issuance.

Carta

Powerful, but can be complex to set up and navigate, especially for smaller teams.

409A Valuations

Pulley

Two valuations a year are included in most subscriptions.

  • Five-day turnaround time.

  • Dedicated 409A specialist.

  • Accelerated valuations by request.

  • Includes audit support if needed.

Carta

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

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

Option Grants

Pulley

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

Carta

Does not generate fully executed legal documents with all material terms included. Requires a third-party tool like DocuSign to collect signatures.

Reporting

Pulley

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

Custom reports are included in Growth and Custom plans.

Carta

A large variety of reports. Shareworks 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

Pulley

Advanced fundraising modeling tools.

  • Export pro-formas 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.

Carta

Similar fundraising tools, but with limited functionality.

  • Grouped ownerships percentages.

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

Scaling Capabilities

Pulley

Designed to handle complex cap tables as you scale.

  • Stock splits process instantly.

  • Support for hybrid, milestone, and time-based vesting for all equity types.

  • Spousal agreements for grants.

Carta

Has extensive capabilities for large enterprises, but with longer processing times.

  • Complex cap table situations may take longer to process. 

  • Stock splits take up to one month to process. 

  • Milestone vesting and time-based vesting require separate grant agreements.

Token Equity

Pulley

Comprehensive token cap table management

  • Issue & distribute token equity

  • Create and manage complex vesting schedules

  • Integrate with top custodian platforms and deploy through major blockchains

Carta

Only supports traditional equity.

Founder & Employee Experience

Pulley

Designed to help founders and finance leaders understand equity.

Carta

Focused more on institutional investors.

Loving the tool. Huge value add. Thank you for setting it up.

Lenny Bogdonoff

Lenny Bogdonoff

Co-Founder at Milk Video

PRICING

Transparent, startup-friendly pricing

Shareworks only quotes custom prices, which are often expensive and more suitable for large, late-stage companies.

Pulley offers flexible, startup-friendly plans that don’t lock you into unnecessary costs. The price is fixed per stakeholder, so you don’t have to worry about hidden expenses popping up as you grow.

View pricing

INTEGRATIONS

Connect Pulley with the rest of your tech stack

Managing your equity is much easier when you can integrate your cap table with your HRIS tools.

Shareworks is designed to integrate with Morgan Stanley wealth management and financial reporting tools, whereas Pulley is API-friendly and connects to a wide range of Saas platforms. Integrate your Pulley cap table with leading HRIS platforms, Slack, Front, Salesforce, GitHub, and other tools in your stack to make it easier for you to track and manage employee compensation.

Pulley also supports a wide range of crypto integrations, allowing you to connect your token cap table to top custodian platforms.

Pulley’s integrated solution for managing equity and tokens has been a game-changer for LayerZero. It streamlined our processes, eliminated human error, and provided a single source of truth for distribution.

Ari Litan

Ari Litan

COO at LayerZero

I absolutely love Pulley and recommend it to every client! The pro forma modeling tool can save a startup thousands by making it easy to quickly and effectively model how each SAFE or convertible note impacts the cap table. Pulley has become an essential part of any pre-Series A financing.

Kelly Boyd

Kelly Boyd

Attorney at Montgomery Pacific

FUNDRAISING

Advanced fundraising support

Funding rounds are important milestones for startups. While Shareworks does offer basic fundraising modeling capabilities, it’s lacking many of the tools that Pulley provides. Pulley offers comprehensive pro-formas, supports pro-rata rights and YC's participation rights, and includes advanced modeling capabilities.

How long does it take to switch from Shareworks?

Your Pulley cap table can be ready to approve and launch within 10 days! You'll get concierge onboarding from a cap table expert and ongoing support you can trust.

1

Access

Grant us access to your Shareworks account.

2

Done-for-you onboarding

Pulley reviews your documents and quickly builds an accurate cap table.

3

Approval

Approve your cap table. Tell your stakeholders. Done.

MAKE THE SWITCH FROM SHAREWORKS TODAY

Pulley will transfer your data and build your new cap table for you.