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Index › Equity and corporate › Cap table management › Cake Equity vs Shareworks
Cap table management · October 2026 Edition

Cake Equity vs Shareworks

Two of fourteen models named Cake Equity first on the direct prompt; zero named Shareworks. Cake Equity was named by thirteen of the fourteen models and Shareworks by thirteen and Cake Equity carries 32 labels and Shareworks 29, so the shares are not directly comparable.

Cake Equity

accepted challenger

Named in one category this edition.

Shareworks

accepted challenger

Named in one category this edition.

First-choice share12%2%Of first choices across the direct, paraphrase, budget and scale prompts, 0 to 100.
Negative rate12%24%Negative labels as a share of the product's labels, 0 to 100.
Rank in category#4#7A position in a field of 10; printed, not drawn.
Labels3229A count; the two differ.
The two percentage rows are drawn on one 0 to 100 track, Cake Equity reading right to left. Rank and label count are printed, not drawn.Carta was named alongside these two in eleven of the fourteen direct answers. Carta vs Cake Equity · Carta vs Shareworks · Pulley vs Cake Equity

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; every quote names the model and the prompt it came from. Both figures come from the cap table management page.

By framing

How many of the fourteen models made each the first choice, per way of asking, and how many argued against it.
Cake EquityFirst choices, of fourteen modelsShareworks
Direct201 against Shareworks
Paraphrase013 against Shareworks
Comparative00
Budget-constrained40
Scale-constrained001 against Shareworks
Negative004 against Cake Equity · 2 against Shareworks
Bars are first choices, 0 to 14 each sideModels that argued againstA model can name both, so the two sides of a row do not sum to fourteen.

Across every category in the October 2026 Edition, Cake Equity and Shareworks were named in the same answer twenty-nine times, of the 86 answers naming Cake Equity and the 97 naming Shareworks. In those answers Shareworks took the first choice six times and Cake Equity four.

Every model, every framing

The eighty-four answers behind the chart above, one cell each: where Cake Equity and Shareworks stood in it.
ModelDirectParaphraseComparativeBudget-constrainedScale-constrainedNegative
Claude Haiku 4.5
GPT-5.4 mini
Gemini 3.5 Flash
Perplexity Sonar
Grok 4.1 Fast
Mistral Small
DeepSeek V4 Flash
Llama 4 Maverick
Qwen 3.7 Flash
Kimi K2
GLM 4.7 FlashX
MiniMax M2.5
GPT-6 Luna
Muse Glimmer 30B
Cake Equity Shareworks first choice named as an alternative argued againstblank: not namedEach cell is one answer, Cake Equity on the left and Shareworks on the right.

The direct prompt

The plain question, one answer per model, grouped by where Cake Equity and Shareworks stood in it.

Cake Equity first, Shareworks an alternative

2 of 14 modelsShareworks was named in the answer but not as the choice, or not at all.
Kimi K2Cake Equity, Pulley alternatives: Eqvista, Ledgy
MiniMax M2.5Cake Equity, Qapita alternatives: Carta, Shareworks

Neither was the first choice, one was named

7 of 14 modelsThe answer put something else first and named one of the two as an alternative.
Claude Haiku 4.5Qapita alternatives: Cake Equity, Carta, Pulley
GPT-5.4 miniCarta alternatives: Eqvista, Ledgy, Shareworks
Perplexity SonarCarta alternatives: Cake Equity, Pulley, Qapita
DeepSeek V4 FlashCarta, Pulley alternatives: Shareworks
Qwen 3.7 FlashCarta alternatives: Pulley, Qapita, Shareworks
GPT-6 LunaCarta alternatives: Shareworks
Muse Glimmer 30BCarta alternatives: Cake Equity, Ledgy, Qapita

Neither was named

5 of 14 modelsThe answer made no first choice from these two in this category.
Gemini 3.5 FlashCarta alternatives: Ledgy, Mantle, Qapita
Grok 4.1 FastCarta alternatives: Ledgy, Pulley
Mistral SmallQapita alternatives: Ledgy, Pulley
Llama 4 Maverickno first choice
GLM 4.7 FlashXCarta alternatives: Fidelity Private Shares, Pulley, Qapita

Bold names in an answer are the products the judge labeled a first choice; a model naming several gives each of them that label. The full answer text for every row is in the record.

By buyer segment

The same question asked on behalf of a different buyer. Each standing is computed within its segment and they are never added together. The figures above are the mid-market standing, which is the one the category orders by.
Small business
Cake Equity leads by sixteen points.
Cake Equity16%#4 of 10
Shareworks0%#10 of 10
The full small business standing →
Mid-marketThe figures above
Cake Equity leads by ten points.
Cake Equity12%#4 of 10
Shareworks2%#7 of 10
The full mid-market standing →
Enterprise
The order flips: Shareworks leads at enterprise.
Shareworks38%#1 of 11
Cake Equity0%#11 of 11
The full enterprise standing →

What the models said about Cake Equity

Every negative label with a quote, up to three, then the highest-weighted positives, up to three. Six of eight in this category shown.

“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 Shareworks

Every negative label with a quote, up to three, then the highest-weighted positives, up to three. Six of eight in this category shown.

“more appropriately sized than enterprise-first options like Shareworks / Morgan Stanley at Work... Choose Shareworks only if you are already at enterprise complexity” Perplexity Sonar · paraphrase prompt · soft negative
“it's worth a caution for startups specifically ... clunky and overkill for pre-Series-B companies” DeepSeek V4 Flash · negative prompt · soft negative
“If you are an early-stage or mid-stage startup, Shareworks is generally considered a poor fit.” Gemini 3.5 Flash · negative prompt · soft negative
“Shareworks by Morgan Stanley at Work is the mid-market to enterprise benchmark for compliance-oriented administration.” Muse Glimmer 30B · paraphrase prompt · first choice
“The traditional "enterprise" heavyweights. If you are actively on the road to an IPO within the next 12–18 months, these platforms excel ... though they can be slow to implement.” Gemini 3.5 Flash · scale prompt · alternative
“Choose Shareworks if you want a more enterprise/finance-led platform and can tolerate a heavier implementation.” GPT-5.4 mini · direct prompt · alternative
Also compared

Comparisons are drawn for the top eight products in each category, each against each. The output is the models' output; nothing here is a recommendation by the index.