Cap table management · October 2026 Edition
Carta vs Shareworks
Nine of fourteen models named Carta first on the direct prompt; zero named Shareworks. Carta was named by fourteen of the fourteen models and Shareworks by thirteen and Carta carries 74 labels and Shareworks 29, so the shares are not directly comparable.
Named in two categories this edition.
Named in one category this edition.
First-choice share33%2%Of first choices across the direct, paraphrase, budget and scale prompts, 0 to 100.
Negative rate32%24%Negative labels as a share of the product's labels, 0 to 100.
Rank in category#1#7A position in a field of 10; printed, not drawn.
Labels7429A count; the two differ.
The two percentage rows are drawn on one 0 to 100 track, Carta reading right to left. Rank and label count are printed, not drawn.Qapita was named alongside these two in eight of the fourteen direct answers. Carta vs Pulley · Carta vs Qapita · Carta 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.
CartaFirst choices, of fourteen modelsShareworks
Direct901 against Carta · 1 against Shareworks
Paraphrase213 against Carta · 3 against Shareworks
Comparative1201 against Carta
Budget-constrained204 against Carta
Scale-constrained402 against Carta · 1 against Shareworks
Negative0013 against Carta · 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, Carta and Shareworks were named in the same answer eighty-five times, of the 239 answers naming Carta and the 97 naming Shareworks. In those answers Shareworks took the first choice eighteen times and Carta twenty-nine.
Every model, every framing
The eighty-four answers behind the chart above, one cell each: where Carta and Shareworks stood in it.
| Model | Direct | Paraphrase | Comparative | Budget-constrained | Scale-constrained | Negative |
|---|---|---|---|---|---|---|
| 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 | | | | | |
Carta Shareworks first choice named as an alternative argued againstblank: not namedEach cell is one answer, Carta on the left and Shareworks on the right.The direct prompt
The plain question, one answer per model, grouped by where Carta and Shareworks stood in it.
Carta first, Shareworks an alternative
9 of 14 modelsShareworks was named in the answer but not as the choice, or not at all.GPT-5.4 miniCarta alternatives: Eqvista, Ledgy, Shareworks
Gemini 3.5 FlashCarta alternatives: Ledgy, Mantle, Qapita
Perplexity SonarCarta alternatives: Cake Equity, Pulley, Qapita
Grok 4.1 FastCarta alternatives: Ledgy, Pulley
DeepSeek V4 FlashCarta, Pulley alternatives: Shareworks
Qwen 3.7 FlashCarta alternatives: Pulley, Qapita, Shareworks
GLM 4.7 FlashXCarta alternatives: Fidelity Private Shares, Pulley, Qapita
GPT-6 LunaCarta alternatives: Shareworks
Muse Glimmer 30BCarta alternatives: Cake Equity, Ledgy, Qapita
Neither was the first choice, one was named
2 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
MiniMax M2.5Cake Equity, Qapita alternatives: Carta, Shareworks
Neither was named
3 of 14 modelsThe answer made no first choice from these two in this category.Mistral SmallQapita alternatives: Ledgy, Pulley
Llama 4 Maverickno first choice
Kimi K2Cake Equity, Pulley alternatives: Eqvista, Ledgy
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
Carta leads by twenty-one points.
Carta21%#2 of 10Shareworks0%#10 of 10Mid-marketThe figures above
Enterprise
The order flips: Shareworks leads at enterprise.
Shareworks38%#1 of 11Carta18%#2 of 11What the models said about Carta
Every negative label with a quote, up to three, then the highest-weighted positives, up to three. Six of seven in this category shown.
“Carta — Approach with Caution ... Data misuse for secondary trading: Carta was caught using confidential customer cap table data to solicit secondary share sales” Kimi K2 · negative prompt · hard negative
“Founders have publicly reported steep, unexpected price increases at renewal... canceling required scheduling a mandatory meeting” Claude Haiku 4.5 · negative prompt · hard negative
“Avoid Carta if budget is your top concern” Kimi K2 · budget prompt · hard negative
“Carta: The market leader for VC-backed private companies. Highly trusted by law firms and investors. It offers the most comprehensive suite of services ... but it is generally the most expensive option.” Gemini 3.5 Flash · scale prompt · first choice
“I'd generally recommend Carta if your priorities are cap table management, fundraising workflow, and a platform that can scale” GPT-5.4 mini · paraphrase prompt · first choice
“Go with Carta if you need end-to-end (formation to exit), have 50+ stakeholders... dominant for mid-market B2B despite past issues.” Grok 4.1 Fast · 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
Carta vs PulleyCarta vs QapitaCarta vs Cake EquityCarta vs EqvistaCarta vs LedgyCarta vs Fidelity Private SharesPulley vs ShareworksQapita vs ShareworksCake Equity vs ShareworksEqvista vs ShareworksLedgy vs ShareworksShareworks vs Fidelity Private SharesAll twenty-eight head-to-head pages and the full cap table management standing
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.