Finance AI Index
Index Equity and corporate Cap table management › Pulley vs Cake Equity
Cap table management · September 2026 Edition

Pulley vs Cake Equity

One of twelve models named Pulley first on the direct prompt; zero named Cake Equity. Pulley was named by twelve of the twelve models and Cake Equity by eleven and Pulley carries 56 labels and Cake Equity 38, so the shares are not directly comparable.

Pulley

criticized challenger

Named in three categories this edition.

Cake Equity

accepted challenger

Named in one category this edition.

First-choice share8%7%Of first choices across the direct, paraphrase, budget and scale prompts, 0 to 100.
Negative rate30%0%Negative labels as a share of the product's labels, 0 to 100.
Rank in category#4#5A position in a field of 8; printed, not drawn.
Labels5638A 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 twelve direct answers. Carta vs Pulley · Carta vs Cake Equity · Qapita vs Pulley

Share is the count of first choices across the direct, paraphrase, budget and scale prompts over all twelve 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 twelve models made each the first choice, per way of asking, and how many argued against it.
PulleyFirst choices, of twelve modelsCake Equity
Direct102 against Pulley
Paraphrase111 against Pulley
Comparative303 against Pulley
Budget-constrained233 against Pulley
Scale-constrained101 against Pulley
Negative107 against Pulley
Bars are first choices, 0 to 12 each sideModels that argued againstA model can name both, so the two sides of a row do not sum to twelve.

Across every category in the September 2026 Edition, Pulley and Cake Equity were named in the same answer eighty-two times, of the 168 answers naming Pulley and the 94 naming Cake Equity. In those answers Cake Equity took the first choice nine times and Pulley twenty-one.

Every model, every framing

The seventy-two 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
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.

Pulley first, Cake Equity not the choice

1 of 12 modelsCake Equity was named in the answer but not as the choice, or not at all.
Llama 4 MaverickCarta, Pulley, Qapita

Neither was the first choice, one was named

6 of 12 modelsThe answer put something else first and named one of the two as an alternative.
Claude Haiku 4.5Carta alternatives: Cake Equity, Pulley, Qapita
Gemini 3.5 FlashCarta alternatives: ClosingWell, Ledgy, Pulley, Qapita
Grok 4.1 FastCarta alternatives: Ledgy, Pulley
Qwen 3.7 FlashCarta alternatives: Pulley, Qapita
Kimi K2Carta alternatives: Cake Equity, Eqvista, Ledgy, Pulley
GLM 4.7 FlashXQapita alternatives: Cake Equity, Capshare, Mantle, Pulley

Neither was named

5 of 12 modelsThe answer made no first choice from these two in this category.
GPT-5.4 miniCarta alternatives: Eqvista, Ledgy, Shareworks
Perplexity SonarCarta alternatives: Qapita
Mistral SmallCarta, Qapita
DeepSeek V4 FlashCarta, Qapita alternatives: Ledgy
MiniMax M2.5Carta, Shareworks alternatives: EquityZen, 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
Pulley leads by eleven points.
Pulley30%#1 of 6
Cake Equity20%#2 of 6
The full small business standing →
Mid-marketThe figures above
Pulley leads by two points.
Pulley8%#4 of 8
Cake Equity7%#5 of 8
The full mid-market standing →
Enterprise
Pulley leads by five points.
Pulley5%#5 of 9
Cake Equity0%#9 of 9
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.

“When to avoid: Immediately if considering now—migrate risks data loss or disruption... obsolete.” Grok 4.1 Fast · negative prompt · hard negative
“you should avoid Pulley and look at the following highly rated, cost-effective alternatives” Gemini 3.5 Flash · budget prompt · hard negative
“A notable alternative, but Pulley is now shutting down (announced September 2026)” MiniMax M2.5 · negative prompt · hard negative
“Stick with well-reviewed, scalable platforms like Pulley, AngelList Equity, or Cake Equity for early-stage companies.” Mistral Small · negative prompt · first choice
“### 1. The Modern Disruptor: Pulley ... *Long-term Private/Hypergrowth?* Go with Pulley (best efficiency/UX).” Qwen 3.7 Flash · paraphrase prompt · first choice
“Pulley = best modeling and affordability for early founders, but less institutional weight.” DeepSeek V4 Flash · comparative 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. Three of four in this category shown.

“Qapita (for its global, audit‑ready, mid‑market focus) and Cake Equity (for intuitive UX and transparent pricing) are both strong starting points” GLM 4.7 FlashX · paraphrase prompt · first choice
“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
“the best cap table management software is usually Cake Equity if you want a free starter tier” Perplexity Sonar · budget 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.