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Cake Equity vs Fidelity Private Shares

Both stand on equity compensation management software. Which one you can start free with, which one lets you read the code, and what each costs once you pay.

Cake Equity

Free plan AndroidiPhoneWeb

Cake brings cap table management, fundraising, employee awards, and listed US compliance capabilities into one platform. Review stakeholder limits and plan costs, and note that its assistant integration is read-only.

Visit Cake Equity

Fidelity Private Shares

Free plan Web

Choose Fidelity Private Shares if your private company needs equity records, governance materials, and financing scenario tools in one web platform. Launch provides a free starting tier within its stakeholder and fundraising limits. Look at Startup, Growth, or Scale when you need the additional capabilities described for those subscriptions; their prices are handled through a demo or contact request.

Visit Fidelity Private Shares

The facts

Cake EquityFidelity Private Shares
Free planYesYes
Open sourceNot publishedNot published
Runs onAndroid, iPhone, WebWeb
Lowest paid planBuild: $1,000 a yearFree or on request
Plans published44
MakerNot publishedNot published
Websitecakeequity.comfidelityprivateshares.com
On equity compensation management software#1 of 29#5 of 29

Cake Equity: what it does well

  • Manages cap tables with audit logs and reporting
  • Supports SAFEs, convertible notes, and fundraising scenarios
  • Employees can view grants and vesting progress
  • Free cap table migration includes human review

What to know first

  • Free plan includes five stakeholders
  • Build plan is $1,000 per year
  • Team plan is annual only
  • Pro pricing is custom and not listed

Fidelity Private Shares: what it does well

  • Tracks grants, SAFEs, notes, and preferred shares in one cap table.
  • Links equity records to organized legal documents in a data room.
  • Models dilution and future financing or exit scenarios.
  • Custom permissions support employees, lawyers, auditors, and investors.
  • Reports include 83(b) and ASC 718.

What to know first

  • Launch is limited to 25 stakeholders and less than $1M raised.
  • Startup and Growth pricing requires scheduling a demo.
  • Scale pricing requires contacting the company.

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