PULLEY, A CARTA RIVAL, IS SHUTTING DOWN

Summary from the TLDR Founders newsletter

Pulley raised more than $50M to compete with Carta. Now it's shutting down and directing customers to that same competitor. The cap-table startup closes December 8, giving customers about twelve weeks to move. A former employee speculated that spreadsheets, increasingly improved with AI, were a bigger competitive problem than Carta itself. If you use Pulley, start checking the migration details now, especially which records transfer automatically and what you'll need to export yourself.