Do I need Carta if I use AngelList?

Yes. AngelList closes the round; Carta records it.

Which is cheaper for a first-time founder?

AngelList RUV fees are lower than Carta's annual plans at seed.

Carta manages your cap table. AngelList sources and closes checks. Compare when to use.

Founders confuse Carta and AngelList because both live in the fundraise stack. They solve different problems and you'll likely use both.

Carta owns your cap table, 409A, and equity admin. It's the record of who owns what once the round closes.

AngelList sources accredited checks through syndicates and closes them into SPVs that land on your cap table as a single line item.

The overlap is thin. AngelList closes the round; Carta records it. Trying to substitute one for the other creates admin debt.

Do I need Carta if I use AngelList?: Yes. AngelList closes the round; Carta records it.
Which is cheaper for a first-time founder?: AngelList RUV fees are lower than Carta's annual plans at seed.