Cap table management · November 2026 Edition
Carta Equity vs Eqvista
Thirteen of fourteen models named Carta Equity first on the direct prompt; zero named Eqvista. Both were named by all fourteen models and Carta Equity carries 78 labels and Eqvista 38, so the shares are not directly comparable.
Carta Equity
endorsed leaderNamed in one category this edition.
Named in one category this edition.
First-choice share50%20%Of first choices across the direct, paraphrase, budget and scale prompts, 0 to 100.
Negative rate19%3%Negative labels as a share of the product's labels, 0 to 100.
Rank in category#1#2A position in a field of 11; printed, not drawn.
Labels7838A count; the two differ.
The two percentage rows are drawn on one 0 to 100 track, Carta Equity reading right to left. Rank and label count are printed, not drawn.Ledgy was named alongside these two in eleven of the fourteen direct answers. Carta Equity vs Ledgy · Carta Equity vs Cake Equity · Carta Equity vs Fidelity Private Shares
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.
Carta EquityFirst choices, of fourteen modelsEqvista
Direct130
Paraphrase931 against Eqvista
Comparative140
Budget-constrained282 against Carta Equity
Scale-constrained402 against Carta Equity
Negative1011 against Carta 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 November 2026 Edition, Carta Equity and Eqvista were named in the same answer 112 times, of the 223 answers naming Carta Equity and the 124 naming Eqvista. In those answers Eqvista took the first choice twenty-six times and Carta Equity thirty-five.
Every model, every framing
The eighty-four answers behind the chart above, one cell each: where Carta Equity and Eqvista stood in it.
| Model | DirectCE | ParaphraseCE | ComparativeCE | Budget-constrainedCE | Scale-constrainedCE | NegativeCE |
|---|---|---|---|---|---|---|
| Claude Haiku 4.5 | CE | CE | CE | |||
| GPT-5.4 mini | CE | CE | CE | CE | CE | |
| Gemini 3.5 Flash | CE | CE | CE | CE | CE | CE |
| Perplexity Sonar | CE | CE | CE | CE | CE | |
| Grok 4.20 | CE | CE | CE | CE | CE | CE |
| Mistral Small | CE | CE | CE | CE | CE | CE |
| DeepSeek V4 Flash | CE | CE | CE | CE | CE | CE |
| Llama 4 Maverick | CE | | CE | | CE | |
| Qwen 3.7 Flash | CE | | CE | CE | ||
| Kimi K2 | CE | CE | CE | CE | CE | |
| GLM 4.7 FlashX | CE | CE | CE | CE | CE | CE |
| MiniMax M2.5 | CE | CE | CE | CE | CE | CE |
| GPT-6 Luna | CE | CE | CE | CE | CE | |
| Muse Glimmer 30B | CE | CE | CE | CE | CE |
CE Carta Equity EqvistaCE first choiceCE named as an alternativeCE argued againstblank: not namedEach cell is one answer, Carta Equity on the left and Eqvista on the right.
EqvistaCE first choiceCE named as an alternativeCE argued againstblank: not namedEach cell is one answer, Carta Equity on the left and Eqvista on the right.The direct prompt
The plain question, one answer per model, grouped by where Carta Equity and Eqvista stood in it.
Carta Equity first, Eqvista an alternative
13 of 14 modelsEqvista was named in the answer but not as the choice, or not at all.GPT-5.4 miniCarta Equity alternatives: Eqvista, Ledgy, Pulley
Gemini 3.5 FlashCarta Equity alternatives: Ledgy, Pulley, Shareworks
Perplexity SonarCarta Equity alternatives: Ledgy, Qapita, Shareworks
Grok 4.20Carta Equity alternatives: EquityList, Ledgy
Mistral SmallCarta Equity, Ledgy alternatives: EquityList
DeepSeek V4 FlashCarta Equity alternatives: Ledgy, Qapita
Llama 4 MaverickCarta Equity
Qwen 3.7 FlashCarta Equity, Ledgy alternatives: Pulley
Kimi K2Carta Equity alternatives: Ledgy, Qapita
GLM 4.7 FlashXCarta Equity alternatives: AngelList Stack, Capboard, Fidelity Private Shares, Ledgy, Pulley, Walter
MiniMax M2.5Carta Equity, EquityList alternatives: Ledgy, Qapita
GPT-6 LunaCarta Equity alternatives: Fidelity Private Shares, Shareworks
Muse Glimmer 30BCarta Equity alternatives: Ledgy, Morgan Stanley at Work Shareworks
Neither was named
1 of 14 modelsThe answer made no first choice from these two in this category.Claude Haiku 4.5Qapita alternatives: Cake Equity, Pulley, 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
Eqvista leads by twelve points.
Eqvista38%#1 of 12Carta Equity26%#2 of 12
The full small business standing →Mid-marketThe figures above
The order flips: Carta Equity leads at mid-market.
Carta Equity50%#1 of 11
Eqvista20%#2 of 11Enterprise
Carta Equity leads by twenty-five points.
Carta Equity28%#2 of 10
Eqvista4%#7 of 10What the models said about Carta 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.
“Carta — Multiple Red Flags... founders are being forced into "cancellation request" meetings with sales reps” DeepSeek V4 Flash · negative prompt · hard negative
“Carta (Proceed with Clear Eyes) ... Aggressive & Opaque Pricing: Carta is notorious for steep price escalations as companies scale.” Gemini 3.5 Flash · negative prompt · soft negative
“powerful, but usually better for companies that can support a higher spend; it also tends to be less transparent on pricing” GPT-5.4 mini · budget prompt · soft negative
“The market leader for mid-to-late stage companies. Strong ecosystem, built-in 409A, liquidity/tender offer execution, and public transfer agent capabilities, though generally the most expensive.” Gemini 3.5 Flash · scale prompt · first choice
“A practical default for a typical mid-sized B2B company in the US is Carta for its breadth, 409A valuation, investor reporting and ecosystem.” Muse Glimmer 30B · paraphrase prompt · first choice
“I would recommend Carta if you're US-centric and have complex equity needs, or EquityList if you have international operations.” MiniMax M2.5 · direct prompt · first choice
What the models said about Eqvista
Every negative label with a quote, up to three, then the highest-weighted positives, up to three. Four of five in this category shown.
“though it may provide less ecosystem depth than Carta” Perplexity Sonar · paraphrase prompt · soft negative
“Eqvista offers the most generous free tier (20 stakeholders) and the lowest paid pricing at $2/stakeholder/month” DeepSeek V4 Flash · budget prompt · first choice
“Eqvista - G2's #1 Equity Management Platform, provides comprehensive equity management with expert 409A valuations” Llama 4 Maverick · paraphrase prompt · first choice
“Eqvista stands out as the best cap table management software for companies with a limited budget” Grok 4.20 · budget prompt · first choice
Also compared
Carta Equity vs LedgyCarta Equity vs Cake EquityCarta Equity vs Fidelity Private SharesCarta Equity vs QapitaCarta Equity vs EquityListCarta Equity vs CapboardEqvista vs LedgyEqvista vs Cake EquityEqvista vs Fidelity Private SharesEqvista vs QapitaEqvista vs EquityListEqvista vs CapboardAll 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.