Cap table management · October 2026 Edition
Pulley vs Shareworks
Two of fourteen models named Pulley first on the direct prompt; zero named Shareworks. Pulley was named by fourteen of the fourteen models and Shareworks by thirteen and Pulley carries 66 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 share18%2%Of first choices across the direct, paraphrase, budget and scale prompts, 0 to 100.
Negative rate39%24%Negative labels as a share of the product's labels, 0 to 100.
Rank in category#2#7A position in a field of 10; printed, not drawn.
Labels6629A 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 Shareworks · 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 modelsShareworks
Direct203 against Pulley · 1 against Shareworks
Paraphrase612 against Pulley · 3 against Shareworks
Comparative304 against Pulley
Budget-constrained005 against Pulley
Scale-constrained101 against Pulley · 1 against Shareworks
Negative0011 against Pulley · 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, Pulley and Shareworks were named in the same answer seventy-one times, of the 189 answers naming Pulley and the 97 naming Shareworks. In those answers Shareworks took the first choice fifteen times and Pulley thirteen.
Every model, every framing
The eighty-four answers behind the chart above, one cell each: where Pulley 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 | | | | | |
Pulley Shareworks first choice named as an alternative argued againstblank: not namedEach cell is one answer, Pulley on the left and Shareworks on the right.The direct prompt
The plain question, one answer per model, grouped by where Pulley and Shareworks stood in it.
Pulley first, Shareworks an alternative
2 of 14 modelsShareworks was named in the answer but not as the choice, or not at all.DeepSeek V4 FlashCarta, Pulley alternatives: Shareworks
Kimi K2Cake Equity, Pulley alternatives: Eqvista, Ledgy
Neither was the first choice, one was named
9 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
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
MiniMax M2.5Cake Equity, Qapita alternatives: Carta, Shareworks
GPT-6 LunaCarta alternatives: Shareworks
Neither was named
3 of 14 modelsThe answer made no first choice from these two in this category.Gemini 3.5 FlashCarta alternatives: Ledgy, Mantle, Qapita
Llama 4 Maverickno first choice
Muse Glimmer 30BCarta alternatives: Cake Equity, Ledgy, 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
Pulley leads by twenty-one points.
Pulley21%#3 of 10Shareworks0%#10 of 10Mid-marketThe figures above
Enterprise
The order flips: Shareworks leads at enterprise.
Shareworks38%#1 of 11Pulley5%#6 of 11What 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 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 ShareworksPulley vs QapitaPulley vs Cake EquityPulley vs EqvistaPulley vs LedgyPulley vs Fidelity Private SharesQapita 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.