Every category where a model named Cake Equity for a mid-market B2B company. Share is first choices across the direct, paraphrase, budget and scale prompts; rank is within every product named in that category.

Category	Function	Share	Rank	Negative rate	Labels	Quadrant
Cap table management	Equity and corporate	7%	5 of 41	0%	38	accepted challenger

Movement

This is the first edition on this tier, so no move can be computed for Cake Equity yet. From the next edition this section shows, per buyer segment, whether its share moved by more than the measured noise floor.

By model

How each model treated Cake Equity across every prompt where it was named for a mid-market B2B company. Twelve models, six prompts per category.

Model	First choice	Alternative	Mention	Labels
Claude Haiku 4.5	0	3	1	4
GPT-5.4 mini	0	0	0	0
Gemini 3.5 Flash	0	3	1	4
Perplexity Sonar	1	1	1	3
Grok 4.1 Fast	0	4	2	6
Mistral Small	0	4	0	4
DeepSeek V4 Flash	0	3	1	4
Llama 4 Maverick	1	1	1	3
Qwen 3.7 Flash	0	0	1	1
Kimi K2	0	2	2	4
GLM 4.7 FlashX	1	2	0	3
MiniMax M2.5	1	1	0	2

By framing

Which of the six questions produced the naming. By model says how often; this says asked what. The first-choice count on the right carries the marks of the models that produced it.

FramingLabels by classFirst choices

Direct15 labels1

Paraphrase11 labels4

Comparative26 labels4not counted in share

Budget-constrained22 labels7

Scale-constrained9 labels3

Negative11 labels1not counted in share

First choiceAlternativeMentionNegative94 labels in all, every segment counted; 15 of the 20 first choices count toward share, since the comparative and negative framings do not. The bar is one segment per label class, to scale within the framing.

What the models said for it

Verbatim evidence the judge attached to positive labels.

“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 · Cap table management · 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 · Cap table management · budget prompt · first choice

“the best cap table management software is usually Cake Equity if you want a free starter tier” Perplexity Sonar · Cap table management · budget prompt · first choice

“start with Cake Equity if you have fewer than 5 stakeholders — you get full features for free” MiniMax M2.5 · Cap table management · budget prompt · first choice

And against it

Verbatim evidence attached to negative labels. A warning on a product with few labels is a warning; on a product with many, it is one voice among them.

No model argued against it.

Named alongside

The products named in the same answers as Cake Equity, over the 94 answers that named it. Took the first choice instead counts the answers where the other product was the first choice and Cake Equity was named but was not.

ProductSame answerTook the first choice insteadHead to head

Carta88 of 9436Not in the top three

Pulley82 of 9421Not in the top three

Eqvista63 of 9411Not in the top three

Ledgy53 of 941Not in the top three

Shareworks31 of 943Not in the top three

Qapita28 of 945Not in the top three

Fidelity Private Shares19 of 941Not in the top three

Mantle16 of 946Not in the top three

AngelList Stack12 of 940Not in the top three

Capboard9 of 940Not in the top three

A head-to-head page exists where both products are in a category's top three. The other rows are the same fact without a page behind them, so they link to the product instead.

What carried it into the answer

The sites and pages cited by the answers that named Cake Equity. A fact about retrieval, not a lever on the model.

Citations exist only for the models that return a source list, four of the twelve in this edition, so these counts come from 83 of the 94 answers that named Cake Equity and are not a share of its labels.

Domains cited

cakeequity.comYour site78

waveup.com60

guideflow.com58

eqvista.com49

qapita.com45

valueaddvc.com38

cheqly.com30

aifundingtracker.com29

carta.com28

pulley.com28

365 of the 443 domain citations in answers naming Cake Equity came from somebody else's page.

Pages cited

cakeequity.com/guides/best-cap-table-software69

waveup.com/blog/best-cap-table-management-software60

guideflow.com/blog/cap-table-management-software52

eqvista.com/cap-table-management-software-startups37

valueaddvc.com/blog/best-cap-table-management-tools-in-2026-carta-pulley-angellist-capdesk33

cheqly.com/best-cap-table-software-startups30

aifundingtracker.com/best-cap-table-management-software29

qapita.com/blog/best-cap-table-management-software29

Pages are listed as the models cited them.

Names read as Cake Equity

What the judge wrote, as written, with how often. The vendor table decides that these count as Cake Equity; a claim can dispute any of them.

Cake 1

Is this your product?

Claim this page

Claiming is free and changes nothing in the data. A claimed page shows a verified contact who is told when each edition publishes and when Cake Equity's standing changes by more than the noise floor; the right to propose corrections to the vendor table, meaning names the judge wrote that should or should not read as Cake Equity, applied by version and listed in the change log; and a one-line description supplied by the vendor and marked as such.

It does not get any change to labels, shares or verdicts, any preview, or any say over which quotes appear. A verification link goes to your work email; an address at cakeequity.com is approved on the spot, any other address is reviewed by hand.

Your name and company appear on the claimed page, or the company alone if you ask below. A title and a LinkedIn address appear there too if you give them, and are left off if you do not. Your email address is never published.