Compare Carta and Pulley for cap table management — pricing, 409A, scenario modeling, and which VCs prefer.
Carta is the incumbent used by most VCs. Pulley is the challenger with cleaner modeling and often lower pricing at seed and Series A.
Broad investor familiarity, mature 409A, and secondary/liquidity infrastructure at later stages.
Pre-seed to Series A founders who want faster modeling, cheaper 409As, and modern UX.
Migration between the two is straightforward. Do it before a priced round to avoid mid-round disruption.
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