Pulley
Pulley is a comprehensive equity management platform that helps startups and established companies track their cap table, issue digital securities, and stay compliant with automated 409A valuations and tax filings.
Spellbook
Spellbook is a generative AI legal assistant that helps you draft and review contracts faster by providing real-time suggestions directly inside Microsoft Word and your web browser.
Quick Comparison
| Feature | Pulley | Spellbook |
|---|---|---|
| Website | pulley.com | spellbook.legal |
| Pricing Model | Freemium | Subscription |
| Starting Price | Free | $89/month |
| FREE Trial | ✘ No free trial | ✘ No free trial |
| Free Plan | ✓ Has free plan | ✘ No free plan |
| Product Demo | ✓ Request demo here | ✓ Request demo here |
| Deployment | ||
| Integrations | ||
| Target Users | ||
| Target Industries | ||
| Customer Count | 0 | 0 |
| Founded Year | 2019 | 2020 |
| Headquarters | San Francisco, USA | St. John's, Canada |
Overview
Pulley
Pulley is a dedicated equity management platform designed to help you navigate the complexities of ownership from your first hire to your exit. Instead of messy spreadsheets, you get a single source of truth for your cap table, allowing you to issue shares, track vesting schedules, and manage option pools with total precision.
You can model future fundraising rounds to see exactly how new investments will impact your ownership and dilution. The platform also automates critical compliance tasks like 409A valuations and Rule 701 tracking, ensuring you stay audit-ready as you scale. Whether you are a founder at the seed stage or a CFO at a late-stage company, Pulley simplifies the legal and financial hurdles of equity.
Spellbook
Spellbook is an AI-powered legal assistant designed to help you draft and review contracts significantly faster. Instead of switching between multiple tools, you can access powerful generative AI features directly within Microsoft Word. It uses large language models to suggest clauses, identify missing terms, and summarize complex legal documents in seconds. You can use it to automate routine drafting tasks while maintaining full control over the final legal work product.
The platform is built specifically for solo practitioners, law firms, and in-house legal teams who handle high volumes of transactional work. By analyzing your specific document context, it provides tailored suggestions that match your drafting style. You can also use it to flag unusual or aggressive terms in incoming contracts, helping you protect your clients' interests with less manual effort.
Overview
Pulley Features
- Cap Table Management Maintain a real-time, cloud-based record of your company ownership that updates automatically as you issue new securities.
- Fundraising Modeling Run 'what-if' scenarios to visualize how future investment rounds and SAFEs will impact your dilution and share price.
- Digital Security Issuance Issue stock options, RSUs, and certificates digitally to employees and investors with built-in legal workflows and signatures.
- Automated 409A Valuations Get audit-ready valuations quickly through the platform to stay compliant with IRS regulations without the typical manual headache.
- Employee Equity Portals Give your team members their own login to view their vesting progress, exercise options, and understand the value of their equity.
- Compliance & Tax Tracking Automate your 83(b) election tracking and Rule 701 disclosures to ensure you never miss a critical filing deadline.
Spellbook Features
- AI Contract Review. Scan your documents instantly to identify missing clauses, inconsistent terms, and potential risks that require your attention.
- Clause Suggestions. Generate high-quality legal language for any section of your contract based on the specific context of your deal.
- Document Summarization. Turn complex, lengthy agreements into concise summaries so you can understand the key points and obligations quickly.
- Missing Clause Detection. Get proactive alerts about standard legal protections that might be missing from your current draft or template.
- Point-of-View Drafting. Automatically rewrite clauses to be more favorable to your client's specific position with a single click.
- AI Search. Find specific information or precedents across your entire library of documents using natural language queries.
Pricing Comparison
Pulley Pricing
- Up to 25 stakeholders
- Unlimited SAFEs and side letters
- Basic cap table management
- Onboarding support
- Data migration from spreadsheets
- Everything in Seed, plus:
- Up to 40 stakeholders
- Standard 409A valuation included
- Fundraising modeling tools
- Exercise and tax tracking
- Equity grant workflows
Spellbook Pricing
- Unlimited contract reviews
- Unlimited drafting suggestions
- Microsoft Word integration
- Standard AI models
- Email support
- Everything in Associate, plus:
- Advanced AI models (GPT-4)
- Priority processing speed
- Early access to new features
- Priority customer support
Pros & Cons
Pulley
Pros
- Extremely fast and responsive customer support team
- Intuitive interface compared to legacy equity platforms
- Quick turnaround times for 409A valuations
- Easy onboarding process for new employees
Cons
- Pricing can jump significantly between tier levels
- Advanced reporting features require higher-tier plans
- Limited international support for certain tax jurisdictions
Spellbook
Pros
- Integrates directly into Microsoft Word workflow
- Significantly reduces time spent on initial drafting
- Identifies subtle risks in complex agreements
- Easy to learn with minimal technical setup
- Regular updates with new AI capabilities
Cons
- Requires a stable high-speed internet connection
- Occasional AI hallucinations require careful human review
- Subscription costs are high for solo practitioners