Pulley, a Carta rival, is shutting down

Pulley didn’t offer a reason for the shut down (we’ve reached out to Wu for comment, but she didn’t immediately respond). However, a former employee speculated online that Pulley wasn’t so much competing with Carta as it was with spreadsheets. And these days, startups can easily use AI to keep, improve and maintain their spreadsheets.

In a statement posted to LinkedIn, Wu thanked her team and backers, writing that “though this is the closing of one chapter, I, along with many of our strongest team members, have no intention of riding off quietly into the night.” 

“There has never been a better time to solve big problems,” she continued. “Thank you again to everyone who supported us over the years.”