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  Pulley's Shutdown Announcement: Founders, what is your next move? The announcement that equity management platform Pulley is shutting down operations on December 8, 2026, has left thousands of founders scrambling to migrate their cap tables. Beyond the logistical friction of finding a new home for equity data before the platform goes dark, this situation highlights an important structural reality about startup governance and data sovereignty: Where does your system of record actually live...