AngelList alternatives | LTSE Equity

LTSE Equity

What is AngelList?

Choosing the best platform for equity management is one of the many tough decisions that plague startup founders. In the market today, there’s a diverse selection of equity management platforms, each hosting powerful features that appeal to varying needs and stages.

One such platform is AngelList, their cap table removes the friction of managing your startup equity. It also helps founders make better decisions while leveraging unmatched automation and staying compliant.

In this article, we’ll explore AngelList’s features and how well it stacks up to other platforms, so that you may pick the right one for your startup.

What is equity management software?

An equity management platform or software is a centralized location for all equity-related activities. From as early as Demo Day and ultimately to IPO, founders use this software to build and maintain cap tables, issue and manage equity, model potential scenarios, and so on.

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Things to consider when choosing equity management software

Before we dive into AngelList’s features, here are several key considerations to keep in mind.

Is it easy to use?

Having multiple features doesn’t mean much if its ease of use doesn’t measure up. The right software should be easy to learn and understand, featuring complex functions that empower rather than bog you down.

Will it scale with your startup’s growth?

Startups never stay static, so look for a full-stack solution that will scale with your company as it grows from early-stage seed funding to Series A and beyond.

Will there be support for you when you encounter issues?

Equity management is complex, so save yourself from potential pitfalls and headaches with software that offers professional support.

Does it come with independent professional advisors?

Appraisals such as 409A valuations can only be completed by independent third-party professionals. To minimize risk, cost, and confusion, pick software that is already partnered with independent providers.

Will it address your reporting and compliance needs?

Good equity management software is built with compliance in mind—notifying you of any updates and assisting in filling out your cap table. This should include Rule 701 analysis and Form 3921 readiness.

Does it come with scenario modeling?

Make better decisions when signing and negotiating terms in your fundraising rounds or exit. A good equity management software should help you visualize how your current or upcoming convertible notes and SAFEs convert in scenario modeling.

The design philosophy behind the software is just as important as its features, and the best ones tend to be built based on real-life experience. For example, LTSE Equity’s ease of use reflects the insights of its founders—which includes The Lean Startup’s Eric Ries.

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AngelList alternatives

Here’s how AngelList stacks up to other top-rated equity management platforms.

	AngelList	Carta	Pulley	Eqvista	Shareworks	LTSE Equity
Onboarding	Takes about 3-5 business days.	Can take up to 90 days to complete.	May take up to 10 days.	One-time setup available separately.	There is no readily available information online about how long onboarding can take.	Features concierge and self-service onboarding—users can start building cap tables within minutes.
Cap Table Health Check	AngelList does not offer cap table health checks.	Carta’s cap table health check is only available to select clients.	Pulley does not offer cap table health checks.	Eqvista does not offer cap table health checks.	Shareworks does not offer cap table health checks.	LTSE Equity offers annual cap table health checks across all plans.
409A Valuation	AngelList 409A valuations are offered in its highest.	Carta’s 409A valuations are completed in-house and may take longer.	Pulley provides two valuation reports in annual subscriptions that starts at $3,500/year.	Eqvista’s 409A valuations are completed in-house.	Sharework's 409A valuations are completed in-house.	LTSE Equity lets users work with dedicated analysts from an extensive network of 409A experts. Founders can get industry-specific, defensible 409A valuations in 3 easy steps.
Expert Consultation	AngelList offers priority support under its Growth plan.	Carta frequently hosts educational webinars.	Pulley features a fast and experienced customer support team.	Eqvista provides paid consultation sessions for users.	Shareworks has a sales team that is ready to provide product advice.	LTSE Equity’s Boost plan offers expert consulting on funding, legal, and governance strategies. Click here to meet LTSE Equity’s consultants.
Sharing & Data Portability	AngelList users can sync seamlessly with their payroll and HRIS provider.	Carta cap tables are not easily exportable.	Pulley cap tables are not easily exportable.	Eqvista users can generate 3 types of reports.	Shareworks tables are not easily exportable.	As co-founders of the Open Cap Table Coalition, LTSE Equity makes it easier than ever for users to share their cap table with their team, admins, investors, and other service providers.
Pricing	AngelList’s pricing depends on your headcount—the bigger your team, the more expensive it gets.	Carta users are subject to opaque pricing, hidden fees, and surprise price hikes.	Pulley's pricing starts at $1,200/annually.	Eqvista’s Freemium users need to pay separately for beginner-friendly features such as setup and 409A.	Pricing is not readily available.	3 founder-friendly plans to choose from, with Boost offering the best value for founders who are ready to take off.

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TL;DR? LTSE Equity might just be the platform you’re looking for if you prefer:

Instant Onboarding: LTSE Equity’s users can start building cap tables within minutes after subscribing.
Consistent Cap Table Health Check: Place your trust in LTSE Equity’s annual cap table health check with advanced features to support startups at all levels.
Audit-Defensible 409A: Complete your 409A in 3 easy steps with LTSE Equity’s veteran 409A partners.

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LTSE Equity FAQs

What makes LTSE Equity different from other platforms?

LTSE Equity is created by founders, for founders. Our full suite of equity management features reflects our real-life experience and insights, empowering your startup to prosper and endure.

How much does LTSE Equity cost?

Our pricing is strictly founder-friendly and scales as you grow. Our plans are also completely transparent, with no hidden costs or surprise price hikes.

Compare our founder-friendly plans

Does LTSE Equity provide a free trial or demo?

Yes! Dive into our full-featured demo now and discover every benefit LTSE Equity has to offer—no sign-ups required.

Explore our full-featured demo now

How can I switch to LTSE Equity?

Simply send us your current spreadsheet or cap table, and we’ll get your details onboarded within a week.

Get your pre-onboarded LTSE Equity cap table

How can I ask more questions about LTSE Equity?

Not sure which plan to choose? Looking for a live demo? Schedule a call with our team now.

Connect with our consultants

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Join over 40,000 founders who trust LTSE Equity as their complete equity management solution across every stage.

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Disclaimer

The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Information about the company is provided by the company, or comes from the companies’ public filings and is not independently verified by LTSE. Neither LTSE nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding LTSE-listed companies are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. Advice from a securities professional is strongly advised.

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