Why Our Members Switched

Amadae vs Pulley

Amadae is best for

  • Founders who need their cap table, equity paperwork and corporate record to land somewhere stable
  • Teams that want certificates, agreements and 83(b) elections generated and on time, not drafted from scratch
  • Anyone tired of migrating between tools that shut down

Pulley is best for

  • No one new: Pulley is winding down, and existing customers need an exit plan, not a renewal
  • Teams needing standalone 409A valuations or late-stage equity comp administration, which stay with dedicated providers

The verdict

Pulley shutting down is a genuine loss. It made cap tables, option grants and equity paperwork feel manageable for small teams, and a lot of founders trusted it with the record of who owns what. That record still needs a home. Amadae gives Pulley switchers one at half their Pulley price: the cap table rebuilt from your exports, share certificates and purchase agreements still generated, 83(b) elections and board consents still on time, and ownership that flows straight into your filings.

Real accountants Flat monthly pricing Taxes filed for you

Cap table software (winding down) · Updated 2026-09-15

Pulley pricing vs Amadae

Amadae

All plans 100% deductible

$1,200/yr50% off

$600/yr

Half your Pulley bill: Startup switchers pay $600, Growth switchers $1,750

Pulley

$1,200/yr

Startup plan; Pulley shuts down December 8, 2026

Pulley pricing is as published on pulley.com as of September 2026, alongside the site's notice that Pulley is shutting down on December 8, 2026; confirm your own final-access dates and export windows with Pulley. The switcher offer is half your published Pulley plan price for cap table management, for founders moving over during the wind-down; the free review confirms your exact quote before you pay anything.

Feature comparison

AmadaePulley
Cap table and stakeholder registryUntil December 8, 2026
Share certificates and purchase agreementsGenerated and storedUntil December 8, 2026
Stock assignments and 83(b) electionsUntil December 8, 2026
Board consents and corporate recordUntil December 8, 2026
409A valuationsReferred to a valuations partnerGrowth plan, until shutdown
Ownership flowing into K-1s and returns
Books, banking and payroll when you want them
Still around after December 8, 2026

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Pros and cons

Amadae

Pros

  • Your cap table rebuilt from your Pulley exports into a registry that flows into filings
  • Equity paperwork generated and stored: certificates, purchase agreements, assignments, 83(b) elections, consents
  • Half your Pulley price, with real people behind it instead of a wind-down notice
  • Books, banking, payroll and taxes in the same place when you are ready

Cons

  • Standalone 409A valuations come from a partner, not in-house
  • Built for founder-led teams, not late-stage equity comp administration

Pulley

Pros

  • A founder-friendly cap table that many teams genuinely liked using
  • Made option grants and 409A valuations feel manageable without a lawyer on retainer

Cons

  • Shutting down: accounts are being wound down and the product has no future
  • Even at its best, it never touched the books, payroll or taxes

Pulley is shutting down: what founders should know

Pulley's own site now carries the date: it is shutting down on December 8, 2026. That deserves a moment before the logistics. Pulley was one of the tools that made starting a company feel less like a paperwork gauntlet. Ownership questions that used to need a lawyer got answered in an afternoon. It is genuinely sad to see it go.

The logistics still matter, though. December 8 is the end of the road; your export window and any refund terms are in the messages Pulley sent to your account email. Treat those dates as hard deadlines and do the exports early, not the week access ends.

What to export before your Pulley account closes

Take everything your next platform and your accountants will ask for: the full cap table and stakeholder ledger, every signed grant and agreement stored in the platform, board consents, your 409A valuation reports, and any exercise or transfer history. The valuation reports matter more than they look; future grants, audits and tax filings all lean on them.

Keep a copy outside any platform too. The lesson of this year is that software homes change; a folder of signed PDFs you control does not.

The benefits Pulley provided, and where they continue

What made Pulley good was never complicated: one place where the cap table was true. Stakeholders and their stakes in a clean ledger, share certificates and templated agreements generated instead of drafted from scratch, 83(b) deadlines that did not slip, board consents where you could actually find them. Losing that home should not mean going back to spreadsheets and scattered PDFs.

Amadae picks those benefits up. We rebuild your cap table from your Pulley exports into an ownership registry, keep generating the paperwork (share certificates, restricted stock purchase agreements, stock assignments, 83(b) elections, board consents), and keep the corporate record in one place. The one exception we will name plainly: standalone 409A valuations and late-stage equity comp administration belong with a dedicated valuations provider, and we will point you to one when that is the right call.

Half of what you paid Pulley

The switcher offer is simple: whatever Pulley charged you, Amadae charges half for cap table management. Startup customers paid $1,200 a year, so they pay $600. Growth customers paid $3,500, so they pay $1,750. Book the free review before December 8, 2026 and mention you are coming from Pulley.

And because the registry lives next to real accountants, the ownership it records flows into K-1s and returns when you want the money side handled too. That part is there when you are ready, not a requirement.

How to choose

Do the exports first, before any deadline pressure. Then decide where the cap table lives. If you want it somewhere that keeps generating the paperwork and stands behind it with real people, at half your Pulley bill, that is the offer, and the review is free either way. If your equity needs are heavy enough for dedicated valuations and comp administration, we will say so on that same call.

What you get with Amadae

Half of what you paid Pulley. Your cap table and equity paperwork in a home that is built to stay.

  • Your cap table, rebuilt from your Pulley exports: every stakeholder, class and stake in one registry
  • Equity paperwork generated and stored: share certificates, restricted stock purchase agreements, stock assignments and 83(b) elections
  • Board consents and the corporate record kept in one place, not scattered PDFs
  • Ownership that flows straight into K-1s and returns, because the registry lives next to real accountants
  • S-corp election and formation paperwork when you need it
  • And when you are ready: books, banking, payroll and taxes in the same platform

Free 30-minute review. Transparent pricing.

Pulley switcher offer

$1,20050% off

$600/yr

Half your Pulley bill. Startup switchers pay $600, Growth switchers $1,750.

  • Cap table rebuilt from your Pulley exports
  • Stakeholder registry: every class and stake
  • Share certificates and purchase agreements
  • Stock assignments and 83(b) elections
  • Board consents and the corporate record
  • Ownership flows into K-1s and returns
Half your Pulley priceReal people behind itNot shutting down

Common questions

Pulley vs Amadae FAQ

Is Pulley shutting down?+

Yes. Pulley's own site says it is shutting down on December 8, 2026. Your export window and any refund terms are specific to your account, so check the messages Pulley sent to your account email and do not wait until December to export.

How much does Pulley cost?+

As published on pulley.com in September 2026: the Startup plan is $1,200 per year for the first 25 stakeholders, Growth is $3,500 per year for the first 40 and adds 409A valuations and Form 3921, Enterprise is quoted, and the token plans run $4,500 per year. Amadae's switcher offer is half those numbers: $600 for Startup customers, $1,750 for Growth, for a cap table home that is not shutting down.

What is the best Pulley alternative?+

For most founder-led teams, the cap table is a registry, paperwork and deadlines, and Amadae does that at half your Pulley price: stakeholders and stakes in one registry, certificates and agreements generated, 83(b) elections and consents on time, ownership flowing into your filings. Heavy venture equity administration, like standalone 409A valuations, still belongs with a dedicated equity platform, and we will tell you when that is your situation.

Does Amadae replace Pulley's cap table?+

For most startups, yes. The stakeholder registry, share certificates, purchase agreements, stock assignments, 83(b) elections and board consents move to Amadae, rebuilt from your Pulley exports, and ownership flows into K-1s and returns. The exception is standalone 409A valuations and late-stage equity comp administration, which we refer to a dedicated provider and say so upfront.

What should I export from Pulley before it closes?+

The full cap table and stakeholder ledger, every signed grant and agreement stored in the platform, board consents, 409A valuation reports, and exercise or transfer history. Export early and keep a copy you control outside any platform.

Is there a discount for Pulley customers?+

Yes. Pulley switchers pay half their Pulley price for cap table management at Amadae: $600 per year if you were on the $1,200 Startup plan, $1,750 per year if you were on the $3,500 Growth plan. Book the free review before the December 8, 2026 shutdown and mention you are coming from Pulley.

How does the migration from Pulley work?+

You export from Pulley, and Amadae rebuilds the cap table from those exports: every stakeholder, class and stake into the registry, with the signed documents stored alongside. From there, new certificates, agreements and elections are generated in Amadae, and the ownership feeds K-1s and returns whenever you add the accounting side.

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