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

Pulley vs Cake Equity

Two of fourteen models named Pulley first on the direct prompt; two named Cake Equity. Pulley was named by fourteen of the fourteen models and Cake Equity by thirteen and Pulley carries 66 labels and Cake Equity 32, so the shares are not directly comparable.

Pulley

criticized challenger

Named in two categories this edition.

Cake Equity

accepted challenger

Named in one category this edition.

First-choice share18%12%Of first choices across the direct, paraphrase, budget and scale prompts, 0 to 100.
Negative rate39%12%Negative labels as a share of the product's labels, 0 to 100.
Rank in category#2#4A position in a field of 10; printed, not drawn.
Labels6632A count; the two differ.
The two percentage rows are drawn on one 0 to 100 track, Pulley 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 Pulley · Carta vs Cake Equity · Pulley vs Qapita

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.
PulleyFirst choices, of fourteen modelsCake Equity
Direct223 against Pulley
Paraphrase602 against Pulley
Comparative304 against Pulley
Budget-constrained045 against Pulley
Scale-constrained101 against Pulley
Negative0011 against Pulley · 4 against Cake Equity
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, Pulley and Cake Equity were named in the same answer eighty times, of the 189 answers naming Pulley and the 86 naming Cake Equity. In those answers Cake Equity took the first choice twelve times and Pulley sixteen.

Every model, every framing

The eighty-four answers behind the chart above, one cell each: where Pulley and Cake Equity 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
Pulley Cake Equity first choice named as an alternative argued againstblank: not namedEach cell is one answer, Pulley on the left and Cake Equity on the right.

The direct prompt

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

Both were the first choice

1 of 14 modelsThe answer named them together, and the judge labeled each a first choice.
Kimi K2Cake Equity, Pulley alternatives: Eqvista, Ledgy

Pulley first, Cake Equity not the choice

1 of 14 modelsCake Equity was named in the answer but not as the choice, or not at all.
DeepSeek V4 FlashCarta, Pulley alternatives: Shareworks

Cake Equity first, Pulley not the choice

1 of 14 modelsPulley was named in the answer but not as the choice, or not at all.
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
Perplexity SonarCarta alternatives: Cake Equity, Pulley, Qapita
Grok 4.1 FastCarta alternatives: Ledgy, Pulley
Mistral SmallQapita alternatives: Ledgy, Pulley
Qwen 3.7 FlashCarta alternatives: Pulley, Qapita, Shareworks
GLM 4.7 FlashXCarta alternatives: Fidelity Private Shares, Pulley, Qapita
Muse Glimmer 30BCarta alternatives: Cake Equity, Ledgy, Qapita

Neither was named

4 of 14 modelsThe answer made no first choice from these two in this category.
GPT-5.4 miniCarta alternatives: Eqvista, Ledgy, Shareworks
Gemini 3.5 FlashCarta alternatives: Ledgy, Mantle, Qapita
Llama 4 Maverickno first choice
GPT-6 LunaCarta alternatives: Shareworks

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
Pulley leads by five points.
Pulley21%#3 of 10
Cake Equity16%#4 of 10
The full small business standing →
Mid-marketThe figures above
Pulley leads by six points.
Pulley18%#2 of 10
Cake Equity12%#4 of 10
The full mid-market standing →
Enterprise
Pulley leads by five points.
Pulley5%#6 of 11
Cake Equity0%#11 of 11
The full enterprise standing →

What the models said about Pulley

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

“Pulley is closing - The platform announced it will cease operations on December 8, 2026 ... If you're considering Pulley, you'll want to evaluate Carta or other alternatives.” MiniMax M2.5 · comparative prompt · hard negative
“Pulley — caution right now because it announced it is shutting down, with final day of operations/services on December 8, 2026.” GPT-5.4 mini · negative prompt · hard negative
“Pulley — avoid for a new setup; migrate if you're already a customer. Pulley has announced it will end operations on December 8, 2026.” GPT-6 Luna · negative prompt · hard negative
“My specific recommendation for most mid-market B2B companies: ... Pulley offers the best balance of capability, price transparency, and ease of use.” DeepSeek V4 Flash · direct prompt · first choice
“Pulley has emerged as the primary challenger to Carta. It is designed specifically for high-growth startups moving through multiple funding rounds.” Qwen 3.7 Flash · comparative prompt · first choice
“Start with Cake Equity or Pulley—both offer the right balance of features” Kimi K2 · direct prompt · first choice

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
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.