# Cake Equity vs Fidelity Private Shares: which do AI models recommend for cap table management, October 2026

Finance AI Recommendation Index, October 2026 Edition, Cap table management. Two of fourteen models named Cake Equity first on the direct prompt; zero named Fidelity Private Shares. Page: https://finance-ai-index.com/corporate/cap-table-management/cake-equity-vs-fidelity-private-shares/

| | First-choice share | Rank | Negative rate | Labels | Models naming it |
|---|---|---|---|---|---|
| Cake Equity | 12% | #4 of 10 | 12% | 32 | 13 of 14 |
| Fidelity Private Shares | 2% | #8 of 10 | 0% | 11 | 8 of 14 |

## The direct prompt, model by model

- Kimi K2: cake equity first (first choices: Cake Equity, Pulley) (alternatives: Eqvista, Ledgy)
- MiniMax M2.5: cake equity first (first choices: Cake Equity, Qapita) (alternatives: Carta, Shareworks)
- Claude Haiku 4.5: neither first, one named (first choices: Qapita) (alternatives: Cake Equity, Carta, Pulley)
- Perplexity Sonar: neither first, one named (first choices: Carta) (alternatives: Cake Equity, Pulley, Qapita)
- GLM 4.7 FlashX: neither first, one named (first choices: Carta) (alternatives: Fidelity Private Shares, Pulley, Qapita)
- Muse Glimmer 30B: neither first, one named (first choices: Carta) (alternatives: Cake Equity, Ledgy, Qapita)
- GPT-5.4 mini: neither named (first choices: Carta) (alternatives: Eqvista, Ledgy, Shareworks)
- Gemini 3.5 Flash: neither named (first choices: Carta) (alternatives: Ledgy, Mantle, Qapita)
- Grok 4.1 Fast: neither named (first choices: Carta) (alternatives: Ledgy, Pulley)
- Mistral Small: neither named (first choices: Qapita) (alternatives: Ledgy, Pulley)
- DeepSeek V4 Flash: neither named (first choices: Carta, Pulley) (alternatives: Shareworks)
- Llama 4 Maverick: neither named
- Qwen 3.7 Flash: neither named (first choices: Carta) (alternatives: Pulley, Qapita, Shareworks)
- GPT-6 Luna: neither named (first choices: Carta) (alternatives: Shareworks)

## What the models said about Cake Equity

- "Cake Equity was explicitly named in a 2026 analyst aggregation ("the main platforms to avoid or treat cautiously")" (DeepSeek V4 Flash, negative prompt, hard negative)
- "Cake Equity: flagged with approximately 58% negative sentiment." (Qwen 3.7 Flash, negative prompt, hard negative)
- "Avoid Cake Equity for anything beyond very small teams." (GLM 4.7 FlashX, negative prompt, hard negative)
- "The best cap table management software for a company with a limited budget is Cake Equity, which offers a free starting point" (Llama 4 Maverick, budget prompt, first choice)
- "On a tight budget, Cake Equity gives you a real free starting point with a clear upgrade path." (Claude Haiku 4.5, budget prompt, first choice)
- "Go with Qapita or Cake Equity if: You want predictable, flat-rate pricing" (MiniMax M2.5, direct prompt, first choice)

## What the models said about Fidelity Private Shares

- "Choose Fidelity Private Shares if you are a brand new company, want institutional-grade legal compliance" (Gemini 3.5 Flash, budget prompt, first choice)
- "Highly rated, stable alternatives in the current market include Fidelity Private Shares (historically Shoobx)" (Gemini 3.5 Flash, negative prompt, alternative)
- "leaders like Ledgy or Fidelity Private Shares ... Fidelity Private Shares (<25 stakeholders)" (Grok 4.1 Fast, negative prompt, alternative)

Share is the count of first choices across the direct, paraphrase, budget and scale prompts over all fourteen models, for a mid-market B2B company; rank is within the category. Comparisons are drawn for the top eight products in each category. Published under CC BY 4.0; the output is the models' output, and nothing here is a recommendation by the index.