Cap table management · November 2026 Edition
Ledgy vs Capboard
Two of fourteen models named Ledgy first on the direct prompt; zero named Capboard. Ledgy was named by fourteen of the fourteen models and Capboard by ten and Ledgy carries 56 labels and Capboard 13, so the shares are not directly comparable.
Named in three categories this edition.
Named in one category this edition.
First-choice share9%2%Of first choices across the direct, paraphrase, budget and scale prompts, 0 to 100.
Negative rate2%15%Negative labels as a share of the product's labels, 0 to 100.
Rank in category#3#8A position in a field of 11; printed, not drawn.
Labels5613A count; the two differ.
The two percentage rows are drawn on one 0 to 100 track, Ledgy reading right to left. Rank and label count are printed, not drawn.Carta Equity was named alongside these two in thirteen of the fourteen direct answers. Carta Equity vs Ledgy · Carta Equity vs Capboard · Eqvista vs Ledgy
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.
LedgyFirst choices, of fourteen modelsCapboard
Direct20
Paraphrase31
Comparative00
Budget-constrained001 against Ledgy
Scale-constrained00
Negative002 against Capboard
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.
Every model, every framing
The eighty-four answers behind the chart above, one cell each: where Ledgy and Capboard 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 4.20 | | | | | | |
| 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 | | | | |
Ledgy Capboard first choice named as an alternative argued againstblank: not namedEach cell is one answer, Ledgy on the left and Capboard on the right.The direct prompt
The plain question, one answer per model, grouped by where Ledgy and Capboard stood in it.
Ledgy first, Capboard not the choice
2 of 14 modelsCapboard was named in the answer but not as the choice, or not at all.Mistral SmallCarta Equity, Ledgy alternatives: EquityList
Qwen 3.7 FlashCarta Equity, Ledgy alternatives: Pulley
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.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
DeepSeek V4 FlashCarta Equity alternatives: Ledgy, Qapita
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
Muse Glimmer 30BCarta Equity alternatives: Ledgy, Morgan Stanley at Work Shareworks
Neither was named
3 of 14 modelsThe answer made no first choice from these two in this category.Claude Haiku 4.5Qapita alternatives: Cake Equity, Pulley, Shareworks
Llama 4 MaverickCarta Equity
GPT-6 LunaCarta Equity alternatives: Fidelity Private Shares, 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
Mid-marketThe figures above
The order flips: Ledgy leads at mid-market.
Ledgy9%#3 of 11Capboard2%#8 of 11Enterprise
What the models said about Ledgy
Every negative label with a quote, up to three, then the highest-weighted positives, up to three. Four of five in this category shown.
“lean toward Capboard or Ledgy (though Ledgy is pricier)” Grok 4.20 · budget prompt · soft negative
“the most recommended equity management platforms are Ledgy and Carta” Mistral Small · paraphrase prompt · first choice
“the top recommended platforms are Ledgy, Eqvista, and Capboard” Qwen 3.7 Flash · paraphrase prompt · first choice
“two platforms consistently rank at the top: Carta and Ledgy” Qwen 3.7 Flash · direct prompt · first choice
What the models said about Capboard
Every negative label with a quote, up to three, then the highest-weighted positives, up to three. Five of six in this category shown.
“G2 explicitly says there aren't enough reviews for Capboard to provide buying insight.” GPT-5.4 mini · negative prompt · soft negative
“Proceed carefully until pricing and product details are clearer.” Perplexity Sonar · negative prompt · soft negative
“the top recommended platforms are Ledgy, Eqvista, and Capboard” Qwen 3.7 Flash · paraphrase prompt · first choice
“Worth considering for European companies, with pricing reported around $30 per month for 15 stakeholders.” Perplexity Sonar · budget prompt · alternative
“Capboard (Best for European/UK Startups): Extremely affordable flat-rate pricing” Qwen 3.7 Flash · budget prompt · alternative
Also compared
Carta Equity vs LedgyCarta Equity vs CapboardEqvista vs LedgyEqvista vs CapboardLedgy vs Cake EquityLedgy vs Fidelity Private SharesLedgy vs QapitaLedgy vs EquityListCake Equity vs CapboardFidelity Private Shares vs CapboardQapita vs CapboardEquityList 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.