TechCapsules

AI-summarised brief · reviewed before publication

Pulley, a cap‑table management platform founded by Yin Wu in 2020, announced its shutdown, ceasing operations on December 8. The company will transfer its customers to rival Carta and redirect new prospects to Carta’s services. Pulley had raised over $50 million from investors such as General Catalyst, Stripe, and Founders Fund. Wu cited no explicit reason for closing, though a former employee suggested competition was more with spreadsheets than Carta. Wu thanked her team and backers, noting the company’s future plans remain unclear.