# Capable

> Capable is the cap table management platform founders use from pre-seed to IPO: every security type, vesting, SAFEs and priced rounds, board approvals, e-signature, 409A and tax compliance, and a stakeholder portal on one ledger. It is fully self-serve, includes unlimited stakeholders, and exports Excel and Open Cap Table Format data at any time. Operated by Circo, Inc., 1625 San Carlos Ave, Unit D, San Carlos, CA 94070.

## Key facts
- Pricing: Startup $1,200/year or $120/month; Growth $3,500/year or $350/month. Every company signs up, starts a free trial and subscribes in the app; there is no sales process. Annual billing (the default) costs ten months, so two months are free.
- Unlimited stakeholders on Startup and Growth. Each company is billed separately. The price is held for as long as the company stays subscribed.
- Trial: Every company gets a 14-day free trial with everything unlocked, or 30 days when you import an existing cap table. No card is needed to start. Subscribe during the trial and your card is charged only when the trial ends. After the trial the cap table is read-only until you choose a plan; exports and stakeholder portals always stay open.
- Growth adds: Native e-signature for grants, SAFEs and consents; Board and stockholder approvals; Form 3921, Rule 701 and 83(b) tracking; Exercise requests with payment; Custom reports; HRIS sync.
- Startup includes: the cap table with every security type (common and preferred shares, ISO/NSO options with the $100,000 split, RSAs, RSUs, SAFEs, convertible notes, warrants), vesting, equity plans, share classes, round modeling and exit waterfalls, stakeholder portal, certificates, documents, 409A records, standard reports, exports, and the AI connector.
- Migration: free self-serve import from Pulley, Carta and AngelList exports, spreadsheets and OCF files, with reconciliation against the source totals, plus a free done-for-you migration within 24 hours.
- AI: an OAuth-protected MCP server at https://capable.so/api/mcp for Claude, ChatGPT and other MCP clients. Read tools answer questions; write tools create proposals that an admin approves before anything changes.
- Data: Excel, CSV, PDF and Open Cap Table Format (OCF) export any time, including after a subscription ends.

## Pulley shutdown dates
- Sep 15, 2026: Pulley announces it will shut down and names Carta as its exclusive transition partner.
- Nov 30, 2026: Last day to opt in to Pulley's Carta transition offer.
- Dec 8, 2026: Pulley ceases all operations and services.
- Jan 31, 2027: Limited, view-only access to Pulley data ends. Export before this.

## Pages
- [Home](https://capable.so/): product overview
- [Pricing](https://capable.so/pricing): plans, what each includes, trial and billing rules
- [Migrate from Pulley](https://capable.so/migrate-from-pulley): export checklist, import and reconciliation, free done-for-you migration
- [Pulley alternatives](https://capable.so/pulley-alternative): Capable, Carta, Cake Equity, Mantle and Eqvista compared
- [Carta alternative](https://capable.so/carta-alternative): Capable vs Carta on price, AI, export and cancellation
- [Pulley vs Carta](https://capable.so/pulley-vs-carta): what the Carta transition offer includes and what changes in year two
- [Security](https://capable.so/security): encryption, two-factor, roles, audit trail, AI access controls
- [AI connector docs](https://capable.so/docs/mcp): MCP setup for Claude and ChatGPT, tool reference
- [Blog](https://capable.so/blog): equity and cap table guides

## Articles
- [83(b) election guide: deadline, how to file, and when it makes sense](https://capable.so/blog/83b-election-guide): An 83(b) election lets you pay tax on restricted stock when you receive it instead of as it vests. The 30-day deadline, how to file online or by mail, a worked example, and the risks.
- [Carta pricing explained: what startups actually pay in 2026](https://capable.so/blog/carta-pricing-explained): Carta does not publish its prices. Here is how its plans are structured, what third-party purchase data says companies pay, what drives the number up, and how to negotiate.
- [Carta vs Capable: price, features, migration and data ownership](https://capable.so/blog/carta-vs-capable): An honest comparison of Carta and Capable for startups: published prices vs quotes, stakeholder limits, AI connectors, cancellation, export, and when Carta is still the right call.
- [How to migrate from Pulley, step by step](https://capable.so/blog/how-to-migrate-from-pulley): A complete checklist for moving your cap table off Pulley before it shuts down: what to export, how to import, how to reconcile, and what to tell stakeholders.
- [ISO vs NSO: the differences in tax, eligibility and limits](https://capable.so/blog/iso-vs-nso): Incentive stock options (ISOs) and non-qualified stock options (NSOs) compared: who can receive them, how each is taxed, the $100,000 rule, holding periods, AMT and Form 3921.
- [Option pool sizing: how big should your pool be?](https://capable.so/blog/option-pool-sizing): How to size an employee option pool from your hiring plan, why the pre-money pool shuffle lowers your effective valuation, and worked examples with the math.
- [Pulley is shutting down: what to do before December 8, 2026](https://capable.so/blog/pulley-shutting-down-what-to-do): Pulley ceases operations on December 8, 2026. Here are the dates, what the Carta offer includes, what to export today, and how to pick where your cap table goes next.
- [SAFE vs convertible note: differences, math and which to use](https://capable.so/blog/safe-vs-convertible-note): SAFEs and convertible notes both convert into equity at the next round. Compare interest, maturity, caps, discounts and dilution, with worked conversion examples.
- [The best Pulley alternatives in 2026, compared](https://capable.so/blog/best-pulley-alternatives-2026): Pulley is shutting down. We compare Capable, Carta, Cake Equity, Mantle and Eqvista on price, stakeholder limits, migration, 409A and data export, with sources.
- [What is a 409A valuation? A founder's guide](https://capable.so/blog/what-is-a-409a-valuation): A 409A valuation sets the fair market value of your common stock so options can be priced safely. When you need one, how long it lasts, what it costs, and what happens if you skip it.
- [What is a cap table? Definition, example and how to read one](https://capable.so/blog/what-is-a-cap-table): A cap table shows who owns a company and on what terms. Learn what goes in one, how fully diluted ownership works, a worked example, and when a spreadsheet stops being enough.
- [Pulley vs Carta in 2026: what changes when Pulley customers move](https://capable.so/blog/pulley-vs-carta): Pulley is closing and Carta is its transition partner. We compare Pulley's plans with Carta's transition terms, explain the year-two price question, and show the third option.

## Legal
- [Legal center](https://capable.so/legal) · [Terms](https://capable.so/terms) · [Privacy](https://capable.so/privacy) · [DPA](https://capable.so/legal/dpa) · [Subprocessors](https://capable.so/legal/subprocessors) · [Security and disclosure](https://capable.so/legal/security) · [Acceptable use](https://capable.so/legal/acceptable-use) · [Cookies](https://capable.so/legal/cookies) · [SLA](https://capable.so/legal/sla)

## Contact
- Support: support@capable.so
- Security: security@capable.so