Pulley, a Carta rival, is shutting down

In Brief

Cap array absorption level Pulley announced this week connected its website that it was shutting down, and its last time of operations and services volition beryllium December 8th. In a twist, it said it has partnered with its rival, Carta, to offload customers; it’s besides redirecting prospective clients to Carta. 

Yin Wu, a serial laminitis and ex-Microsoftie, started gathering Pulley in 2020 and went connected to rise implicit $50 million from apical investors including General Catalyst, Stripe, and Founders Fund.

Pulley didn’t connection a crushed for the unopen down (we’ve reached retired to Wu for comment, but she didn’t instantly respond). However, a erstwhile worker speculated online that Pulley wasn’t truthful overmuch competing with Carta arsenic it was with spreadsheets. And these days, startups tin easy usage AI to keep, amended and support their spreadsheets.

In a connection posted to LinkedIn, Wu thanked her squad and backers, penning that “though this is the closing of 1 chapter, I, on with galore of our strongest squad members, person nary volition of riding disconnected softly into the night.” 

“There has ne'er been a amended clip to lick large problems,” she continued. “Thank you again to everyone who supported america implicit the years.” 

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