-69%

est. 2Y upside i

FinTechSeries B

Cap table management platform for startups and investors

Rank

#2624

Sector

Fintech Software

Est. Liquidity

~4Y

Data Quality

Data: Medium

Pulley presents a moderate upside opportunity for a job seeker, driven by its impressive growth (tripling revenue in 2024 to tens of millions) and strategic moves like the Nasdaq Private Market partnership for secondary liquidity.

Last updated: March 10, 2026

Bull (20%)+200%

Pulley capitalizes on incumbent Carta's customer dissatisfaction and its Nasdaq Private Market partnership, capturing significant market share among high-growth startups seeking robust equity management and secondary liquidity. Revenue scales to $150M-$200M within two years, justifying a $750M valuation, representing a 200% upside from the current $250M.

Base (35%)+60%

Pulley maintains its position as a strong, founder-friendly alternative in the equity management space, growing steadily but facing continued competition from Carta and other players. Revenue reaches $90M-$120M within two years, leading to a $400M valuation, a 60% upside from the current $250M.

Bear (45%)-60%

Incumbent Carta successfully addresses its customer issues and intensifies competitive pressure, or a new, well-funded competitor gains traction. Pulley's growth stalls, leading to a down round or acquisition at a significantly reduced valuation. Revenue reaches $60M-$70M, and the valuation drops to $100M, resulting in a 60% downside and significant impairment of common stock value due to liquidation preferences.

Est. time to liquidity~4.0 years
Adjusted for competitive dynamics: 49% (raw: -69%, adjustment: +15%)

Preference Stack Risk

high

Funding Intensity

20%

Investors hold $50M in liquidation preferences. In an exit at or below the current $250M valuation, common shareholders would see their returns significantly reduced after these preferences are paid out.

Dilution Risk

moderate

As a Series B company, Pulley is likely to raise additional funding rounds (Series C, D, etc.) before a major liquidity event, which will lead to further dilution of existing equity holders.

Secondary Liquidity

limited

Pulley has partnered with Nasdaq Private Market to facilitate company-controlled secondary liquidity programs, offering some potential for liquidity before an IPO or acquisition, but this is not a guaranteed or active open market.

View all 4 open roles at Pulley →

Last updated: March 10, 2026

Questions to Ask at the Interview

Strategic questions based on Pulley's data — designed to show you've done your homework.

  • 1

    “How does Pulley plan to sustain its rapid growth trajectory and differentiate its offerings further to effectively compete with dominant incumbents like Carta and Shareworks in the next 2-3 years?”

  • 2

    “Given the partnership with Nasdaq Private Market for secondary liquidity, what are the company's long-term plans for providing liquidity to employees and investors, and what does the typical timeline look like for a major liquidity event?”

  • 3

    “With the estimated revenue in the 'tens of millions' for 2024 and a $250M valuation, how does Pulley view its current valuation multiple compared to its growth prospects and the broader SaaS market, and what are the key metrics the company is focused on to drive future valuation increases?”

Cluster Peers

Expected Upside

Carta
-7%
AngelList
-69%

Community

Valuation Sentiment

Our model estimates -69% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.