Fidelity Private Shares vs Vestd
Vestd
Vestd Ltd
Fidelity Private Shares wins · 16–8 (21 drawn)
Agenticness — how well agents can access and operate the productAgenticness
How well agents can access and operate the product
Agent access
ai-native userPoint an agent at llms.txt or agent-oriented docs
weight 2 · round to VestdFidelity Private Sharesnone0/10Probes explicitly confirm no llms.txt (404) and no markdown-based docs (404), and no OpenAPI spec found either. No evidence of any agent-oriented documentation format.
- [probe] “PROBE llms.txt: HTTP 404 at https://www.fidelityprivateshares.com/llms.txt”
- [probe] “PROBE docs-md: HTTP 404 at https://www.fidelityprivateshares.com/support.md”
- [probe] “PROBE openapi: all candidate paths 404 (https://www.fidelityprivateshares.com/openapi.json, https://www.fidelityprivateshares.com/swagger.js…”
vestd-probe-1 confirms a live llms.txt file at the expected path returning HTTP 200 with structured agent-oriented content describing Vestd, directly satisfying the story. Missing for 10: broader agent-oriented docs (e.g. docs-md, openapi) return 404, so coverage is limited to the single llms.txt file rather than a fuller agent-native documentation surface.
- [probe] “PROBE llms.txt: HTTP 200 at https://www.vestd.com/llms.txt # Vestd > Vestd Ltd is a UK-based sharetech platform that helps companies launch…”
- [probe] “PROBE docs-md: HTTP 404 at https://www.vestd.com/help.md”
- [probe] “PROBE openapi: all candidate paths 404 (https://www.vestd.com/openapi.json, https://www.vestd.com/swagger.json, https://www.vestd.com/api/op…”
ai-native userPlug MCP servers into this product so it can use their tools
weight 3 · round drawnFidelity Private Sharesnone0/10No evidence of MCP server support or any AI/agent tool integration; the product is a cap table/equity management platform with integrations like Gusto, but nothing about MCP or plugging in AI tools. Probes for llms.txt, docs.md, and openapi all returned 404, confirming no AI-native integration surface.
- [probe] “PROBE llms.txt: HTTP 404 at https://www.fidelityprivateshares.com/llms.txt”
- [probe] “PROBE docs-md: HTTP 404 at https://www.fidelityprivateshares.com/support.md”
- [probe] “PROBE openapi: all candidate paths 404 (https://www.fidelityprivateshares.com/openapi.json, https://www.fidelityprivateshares.com/swagger.js…”
Vestdnone0/10Vestd is an equity/cap-table management SaaS with no evidence of MCP server support; probes for API/OpenAPI endpoints returned 404s and no MCP-related documentation exists. This axis applies since SaaS platforms could plausibly ship an MCP integration, but no evidence shows it does.
ai-native userConnect an agent via an official MCP server
weight 3 · round drawnFidelity Private Sharesnone0/10Fidelity Private Shares is a SaaS platform for equity/cap-table management, so an official MCP server for agent connectivity is a fair axis, but no evidence shows one exists—probes for llms.txt, docs.md, and OpenAPI endpoints all returned 404s, and no documentation mentions MCP or agent integration.
- [probe] “PROBE llms.txt: HTTP 404 at https://www.fidelityprivateshares.com/llms.txt”
- [probe] “PROBE docs-md: HTTP 404 at https://www.fidelityprivateshares.com/support.md”
- [probe] “PROBE openapi: all candidate paths 404 (https://www.fidelityprivateshares.com/openapi.json, https://www.fidelityprivateshares.com/swagger.js…”
Vestdnone0/10Vestd is an equity/cap-table management SaaS; no evidence of an official MCP server or agent connectivity exists—probes for API/openapi specs all return 404. Missing for 10: any MCP server documentation, API spec, or agent integration endpoint.
ai-native userDrive the product through a documented public API
weight 3 · round drawnFidelity Private Sharesnone0/10No evidence of any public/documented API; probes for OpenAPI spec, llms.txt, and docs-md all returned 404, and no docs mention an API for programmatic access.
- [probe] “PROBE llms.txt: HTTP 404 at https://www.fidelityprivateshares.com/llms.txt”
- [probe] “PROBE docs-md: HTTP 404 at https://www.fidelityprivateshares.com/support.md”
- [probe] “PROBE openapi: all candidate paths 404 (https://www.fidelityprivateshares.com/openapi.json, https://www.fidelityprivateshares.com/swagger.js…”
Vestdnone0/10No evidence of a public API; OpenAPI/swagger probes all returned 404, and there's no documentation of REST/API endpoints for programmatic access—only an llms.txt marketing summary exists.
- [probe] “PROBE openapi: all candidate paths 404 (https://www.vestd.com/openapi.json, https://www.vestd.com/swagger.json, https://www.vestd.com/api/op…”
- [probe] “PROBE docs-md: HTTP 404 at https://www.vestd.com/help.md”
- [probe] “PROBE llms.txt: HTTP 200 at https://www.vestd.com/llms.txt # Vestd > Vestd Ltd is a UK-based sharetech platform that helps companies launch…”
ai-native userBuild against official SDKs
weight 2 · round drawnFidelity Private Sharesnone0/10No evidence of any official SDK, public API, or developer library exists; probes for llms.txt, docs.md, and OpenAPI specs all returned 404, and all documentation refers only to end-user workflows for equity management.
- [probe] “PROBE llms.txt: HTTP 404 at https://www.fidelityprivateshares.com/llms.txt”
- [probe] “PROBE docs-md: HTTP 404 at https://www.fidelityprivateshares.com/support.md”
- [probe] “PROBE openapi: all candidate paths 404 (https://www.fidelityprivateshares.com/openapi.json, https://www.fidelityprivateshares.com/swagger.js…”
Vestdnone0/10Vestd is an equity management platform with no evidence of an official SDK; probes for OpenAPI/API specs all returned 404, and only an llms.txt file exists.
- [probe] “PROBE docs-md: HTTP 404 at https://www.vestd.com/help.md”
- [probe] “PROBE openapi: all candidate paths 404 (https://www.vestd.com/openapi.json, https://www.vestd.com/swagger.json, https://www.vestd.com/api/op…”
- [probe] “PROBE llms.txt: HTTP 200 at https://www.vestd.com/llms.txt # Vestd > Vestd Ltd is a UK-based sharetech platform that helps companies launch…”
ai-native userSubscribe to events via webhooks
weight 2 · round drawnFidelity Private Sharesnone0/10No evidence of any webhook subscription mechanism or event API; probes for API/OpenAPI specs return 404, and no docs mention webhooks or event notifications for external systems.
- [probe] “PROBE openapi: all candidate paths 404 (https://www.fidelityprivateshares.com/openapi.json, https://www.fidelityprivateshares.com/swagger.js…”
- [probe] “PROBE llms.txt: HTTP 404 at https://www.fidelityprivateshares.com/llms.txt”
- [probe] “PROBE docs-md: HTTP 404 at https://www.fidelityprivateshares.com/support.md”
Vestdnone0/10No evidence of any webhook subscription mechanism or event API; probes for OpenAPI/API specs all returned 404, and no docs mention webhooks or events.
Agentic features
ai-native userGet AI-generated insights and suggestions from my data inside the product
weight 2 · round drawnFidelity Private Sharesnone0/10No evidence of any AI-generated insights, suggestions, or analytics features; the product is described entirely as a cap table/equity management workflow tool with manual reports, scenario modeling, and document generation—none of which involve AI-driven analysis of user data.
ai-native userOperate the product with natural-language commands
weight 2 · round drawnFidelity Private Sharesnone0/10No evidence of any natural-language command interface, chatbot, or AI assistant feature; the product is a form/workflow-driven equity management platform with no NLP capability mentioned. Probes for llms.txt, docs-md, and openapi also all returned 404, indicating no AI-native interface exists.
- [probe] “PROBE llms.txt: HTTP 404 at https://www.fidelityprivateshares.com/llms.txt”
- [probe] “PROBE docs-md: HTTP 404 at https://www.fidelityprivateshares.com/support.md”
- [probe] “PROBE openapi: all candidate paths 404 (https://www.fidelityprivateshares.com/openapi.json, https://www.fidelityprivateshares.com/swagger.js…”
Vestdnone0/10Vestd is an equity management platform with a standard web UI; nothing in the evidence pack indicates any natural-language command interface, chatbot, or AI-driven control surface. missing for 10: any documented natural-language/chat command feature, AI assistant, or evidence users can operate the platform via NL input.
Api quality
ai-native userExplore an interactive API reference with runnable examples
weight 2 · round drawnFidelity Private Sharesnone0/10No evidence of any API reference, interactive docs, or runnable examples; probes for OpenAPI specs and llms.txt all returned 404, and all documentation is support-article style for end users, not developers.
- [probe] “PROBE llms.txt: HTTP 404 at https://www.fidelityprivateshares.com/llms.txt”
- [probe] “PROBE docs-md: HTTP 404 at https://www.fidelityprivateshares.com/support.md”
- [probe] “PROBE openapi: all candidate paths 404 (https://www.fidelityprivateshares.com/openapi.json, https://www.fidelityprivateshares.com/swagger.js…”
Vestdnone0/10No evidence of any API reference, interactive docs, or runnable examples; probes for OpenAPI/swagger endpoints all returned 404s, and Vestd's docs are entirely product/feature help content, not developer API docs.
ai-native userDownload a machine-readable API spec (OpenAPI or equivalent)
weight 2 · round drawnFidelity Private Sharesnone0/10Probes for OpenAPI/swagger endpoints and machine-readable docs all returned 404, and no evidence pack items mention an API spec of any kind.
- [probe] “PROBE openapi: all candidate paths 404 (https://www.fidelityprivateshares.com/openapi.json, https://www.fidelityprivateshares.com/swagger.js…”
- [probe] “PROBE llms.txt: HTTP 404 at https://www.fidelityprivateshares.com/llms.txt”
- [probe] “PROBE docs-md: HTTP 404 at https://www.fidelityprivateshares.com/support.md”
Vestdnone0/10The probe explicitly checked for OpenAPI/Swagger specs at all standard locations and found only 404s, and no docs mention a public API spec. No evidence Vestd offers a machine-readable API spec.
- [probe] “PROBE openapi: all candidate paths 404 (https://www.vestd.com/openapi.json, https://www.vestd.com/swagger.json, https://www.vestd.com/api/op…”
ai-native userTest against a sandbox environment without touching production data
weight 1 · round drawnFidelity Private Sharesnone0/10No evidence of a sandbox/test environment, staging mode, or API for testing without touching production data; the product is a cap-table/equity management SaaS with no documented sandbox or developer testing environment, and probes for API/dev docs returned 404s.
- [probe] “PROBE llms.txt: HTTP 404 at https://www.fidelityprivateshares.com/llms.txt”
- [probe] “PROBE docs-md: HTTP 404 at https://www.fidelityprivateshares.com/support.md”
- [probe] “PROBE openapi: all candidate paths 404 (https://www.fidelityprivateshares.com/openapi.json, https://www.fidelityprivateshares.com/swagger.js…”
Vestdnone0/10No evidence of any sandbox, test/staging environment, or non-production testing mode; the evidence pack covers cap table, share issuance, and comms features only, with no API/sandbox docs (openapi/docs probes returned 404). Missing for 10: sandbox environment docs, test data separation, API test mode, any mention of non-production testing.
ai-native userRely on versioned APIs with a documented deprecation policy
weight 2 · round drawnFidelity Private Sharesnone0/10No evidence of a public API at all — probes for OpenAPI/Swagger specs and llms.txt all returned 404, and no documentation mentions API versioning or a deprecation policy.
- [probe] “PROBE openapi: all candidate paths 404 (https://www.fidelityprivateshares.com/openapi.json, https://www.fidelityprivateshares.com/swagger.js…”
- [probe] “PROBE llms.txt: HTTP 404 at https://www.fidelityprivateshares.com/llms.txt”
- [probe] “PROBE docs-md: HTTP 404 at https://www.fidelityprivateshares.com/support.md”
Vestdnone0/10No evidence of any public API at all, let alone versioning or a deprecation policy; probes for OpenAPI/swagger specs all returned 404 and there's no mention of an API in docs.
Automation depth — how much of the product can run unattendedAutomation depth
How much of the product can run unattended
ai-native userPerform bulk operations across many items at once
weight 2 · round to Fidelity Private SharesThe docs mention a specific bulk feature—uploading equity promises in bulk (doc-4)—showing some support for bulk operations, but there's no evidence of broader bulk actions across other item types (grants, stakeholders, documents) or any API/automation surface (probes confirm no OpenAPI/llms.txt) that an AI-native user could leverage. Missing for 10: general bulk-edit/bulk-action support across cap table items, programmatic/API access for automation, and evidence of scale beyond the single documented bulk-upload workflow.
- [claimed-docs] “For multiple promises, there is a process to upload equity promises in bulk.”
- [probe] “PROBE llms.txt: HTTP 404 at https://www.fidelityprivateshares.com/llms.txt”
- [probe] “PROBE openapi: all candidate paths 404 (https://www.fidelityprivateshares.com/openapi.json, https://www.fidelityprivateshares.com/swagger.js…”
The only evidence of multi-item action is issuing/distributing shares to 'one or more recipients' at once (vestd-docs-8), which is a narrow bulk-ish operation in one feature area. There's no evidence of broader bulk operations (bulk import, bulk edit, batch API calls) and no API/OpenAPI surface exists (vestd-probe-3 shows 404s), undermining AI-native automation at scale. missing for 10: bulk CRUD across multiple entity types, CSV/batch import tooling, API or webhook support for programmatic bulk actions, independent confirmation of multi-recipient distribution working at scale.
- [claimed-docs] “Authorise a share pool and choose a share class, then instantly distribute the equity to one or more recipients.”
- [probe] “PROBE openapi: all candidate paths 404 (https://www.vestd.com/openapi.json, https://www.vestd.com/swagger.json, https://www.vestd.com/api/op…”
ai-native userDefine rules that trigger actions automatically on events
weight 3 · round drawnFidelity Private Sharesnone0/10Fidelity Private Shares offers built-in automation like data room syncing, workflow-tied document generation, and smart-linking, but there is no evidence of user-definable rules/triggers or an event-driven automation engine (e.g., 'if X happens, do Y') that an AI-native user could configure themselves. No API, webhooks, or rules-builder is documented, and probes for API/docs endpoints return 404.
- [claimed-docs] “your cap table and all the documents in your data room are tied together using a smart-linking feature”
- [claimed-docs] “your automatic Data Room works behind-the-scenes to add important documents as they are completed”
- [claimed-docs] “Board and stockholder approvals are automatically integrated into every relevant workflow in the platform.”
- [probe] “PROBE openapi: all candidate paths 404 (https://www.fidelityprivateshares.com/openapi.json, https://www.fidelityprivateshares.com/swagger.js…”
Vestdnone0/10Vestd is an equity/cap-table management platform with automated updates (e.g., Companies House filing, HRIS sync) but there is no evidence of user-defined conditional rules or event-trigger automation configurable by users; no API/webhook or rules-engine is documented (openapi/docs probes return 404).
- [claimed-docs] “Companies House is automatically updated once shares have been distributed. You don't need to do a thing.”
- [claimed-docs] “Automate filing with Vestd”
- [probe] “PROBE openapi: all candidate paths 404 (https://www.vestd.com/openapi.json, https://www.vestd.com/swagger.json, https://www.vestd.com/api/op…”
Cap table core — stories about cap table core in this arenaCap table core
Stories about cap table core in this arena
Certificates
founderIssue electronic share certificates that are legally signed in-platform and permanently linked to the cap table entry they represent
weight 2 · round to Fidelity Private SharesDocs describe e-signing of documents (docs-22, docs-37) and explicitly state that stock certificates and other documents are tied to the corresponding award agreement, board consent, and exercise actions (docs-34), plus a smart-linking feature connecting cap table entries to data-room documents (docs-7, docs-8). This directly supports issuing signed certificates linked to cap table records. missing for 10: independent/hands-on corroboration of certificate issuance workflow, explicit legal-validity/e-sign compliance details (e.g., ESIGN Act), and confirmation that the link is truly permanent/immutable rather than just dynamically updated
- [claimed-docs] “You can use your mouse to draw your signature, upload an image file of your signature, or type in your signature.”
- [claimed-docs] “the platform will email you a link to review and sign the document(s) involved in that step of the workflow”
- [claimed-docs] “the award agreement will be tied to the corresponding board consent, subsequent exercise actions, stock certificates, and other future relat…”
- [claimed-docs] “your cap table and all the documents in your data room are tied together using a smart-linking feature”
- [claimed-docs] “Do you want your capitalization table to automatically update and dynamically link directly to all supporting documents in a secured data ro…”
Vestd's site references "Share certificates" and digital share issuance that automatically updates Companies House and the cap table, plus "deed / witness signatures" for governance documents, implying electronic signing tied to shareholding records. However, there is no explicit description of the certificate e-signing workflow or how a certificate is permanently linked to the specific cap table entry it represents. Missing for 10: detailed docs on the e-signature/legal execution process for certificates, explicit description of the permanent link between certificate and cap table record, and independent/hands-on corroboration.
- [claimed-docs] “Share certificates”
- [claimed-docs] “Authorise and issue new shares digitally, and update Companies House in the click of a button. No paperwork involved!”
- [claimed-docs] “Companies House is automatically updated once shares have been distributed. You don't need to do a thing.”
- [claimed-docs] “Board-ready equity governance and reporting, with deed / witness signatures and custom document templates.”
- [claimed-docs] “Digital cap table management No more messy spreadsheets scattered across your team. One source of truth, reconciled.”
Migration
ops userMigrate an existing cap table — from a spreadsheet or another platform — with guided import, validation, and reconciliation against source documents
weight 2 · round to VestdThe docs mention bulk upload of equity promises and marketing language that implies moving off spreadsheets, but there is no dedicated guided cap-table migration workflow with validation or reconciliation against source documents described. Missing for 10: explicit migration/import tool for existing cap tables, validation rules, and reconciliation against source documents or historical filings.
- [claimed-docs] “For multiple promises, there is a process to upload equity promises in bulk.”
- [claimed-docs] “without spreadsheets or surprises”
Vestd markets a 'Migrate to Vestd' offering to digitise or move an existing scheme, and positions itself as replacing 'messy spreadsheets scattered across your team' with 'one source of truth, reconciled,' implying migration support. However there is no evidence of a guided import workflow, validation steps, or reconciliation against source documents — these are just marketing taglines, not documented process detail. Missing for 10: guided import UI/steps, data validation rules, reconciliation process against source spreadsheets/documents, any case study or hands-on account of a migration.
- [claimed-docs] “Migrate to Vestd - Digitise or move your existing scheme”
- [claimed-docs] “Migrate to Vestd Digitise or move your existing scheme”
- [claimed-docs] “Migrate to Vestd | Upgrade today”
- [claimed-docs] “Digital cap table management No more messy spreadsheets scattered across your team. One source of truth, reconciled.”
Source of truth
founderMaintain my full cap table — share classes, certificates, SAFEs, and option grants — as a live single source of truth that investors and auditors rely on
weight 3 · round drawnFidelity Private Shares is a dedicated cap table management platform with first-party docs describing core cap table maintenance (share classes, certificates, options, vesting), bulk-uploading equity promises/SAFEs, convertible note generation, smart-linking of cap table to supporting documents in an automated data room, and integration of board/stockholder approvals into workflows so records stay live and auditable (ASC 718 reporting, 409A support). This directly matches the founder's need for a single live source of truth relied on by investors and auditors. Missing for 10: no independent/third-party corroboration (e.g., customer case studies or reviews) confirming real-world reliability as an investor/auditor-trusted source of truth, and no explicit mention of preferred/common share class distinctions beyond general cap table language.
- [claimed-docs] “For multiple promises, there is a process to upload equity promises in bulk.”
- [claimed-docs] “your cap table and all the documents in your data room are tied together using a smart-linking feature”
- [claimed-docs] “Do you want your capitalization table to automatically update and dynamically link directly to all supporting documents in a secured data ro…”
- [claimed-docs] “your automatic Data Room works behind-the-scenes to add important documents as they are completed”
- [claimed-docs] “Board and stockholder approvals are automatically integrated into every relevant workflow in the platform.”
- [claimed-docs] “This article will walk you through the process of generating a Convertible Note (or Bridge Note).”
- [claimed-docs] “the award agreement will be tied to the corresponding board consent, subsequent exercise actions, stock certificates, and other future relat…”
- [claimed-docs] “We organize everything you may need to create ASC 718 reports, including grant types, vesting schedules and Stock Incentive Plan details.”
- [claimed-docs] “the platform will generate an Excel file (.xlsx) with ASC 718 report calculations”
Vestd's docs strongly support a live cap table as single source of truth: digital cap table management with 'one source of truth, reconciled' (vestd-docs-7), share issuance with Companies House auto-updates (vestd-docs-2, vestd-docs-11), share certificates (vestd-docs-31), SAFEs/growth shares (vestd-docs-17, vestd-docs-32), EMI/CSOP/unapproved option grants (vestd-docs-6, vestd-docs-14, vestd-docs-33, vestd-docs-34), and data rooms for investors/auditors to access cap tables and documents (vestd-docs-21). Missing for 10: independent/third-party corroboration (e.g. reviews or case studies) confirming investors/auditors actually rely on it as source of truth, and no direct evidence of multi-user real-time sync guarantees.
- [claimed-docs] “Digital cap table management No more messy spreadsheets scattered across your team. One source of truth, reconciled.”
- [claimed-docs] “Companies House is automatically updated once shares have been distributed. You don't need to do a thing.”
- [claimed-docs] “Authorise and issue new shares digitally, and update Companies House in the click of a button. No paperwork involved!”
- [claimed-docs] “Share certificates”
- [claimed-docs] “In this guide, we cover everything there is to know about growth shares, how to use them and who can have them.”
- [claimed-docs] “Build growth share schemes with Vestd”
- [claimed-docs] “you will need to create the actual EMI scheme so you can grant share options”
- [claimed-docs] “How your SME can create a qualifying EMI options scheme”
- [claimed-docs] “Build unapproved option schemes with Vestd”
- [claimed-docs] “Company Share Option Plans (CSOPs) on Vestd”
- [claimed-docs] “From agreements and financials to cap tables and shareholder documents, you decide what to include and **who gets access**.”
Compliance filings — stories about compliance filings in this arenaCompliance filings
Stories about compliance filings in this arena
Stock comp
ops userProduce ASC 718 stock-based compensation expense reports my accountants can hand to auditors
weight 2 · round to Fidelity Private SharesFidelity Private Shares has a dedicated ASC 718 reporting workflow that organizes grant types, vesting schedules, and Stock Incentive Plan details, and generates an Excel (.xlsx) file with ASC 718 report calculations ready to hand to accountants/auditors; this is a named feature on the Growth plan tier. missing for 10: independent/auditor-side corroboration that the generated report satisfies actual audit requirements, and detail on customization/audit-trail support beyond the standard export.
- [claimed-docs] “the platform will generate an Excel file (.xlsx) with ASC 718 report calculations”
- [claimed-docs] “We organize everything you may need to create ASC 718 reports, including grant types, vesting schedules and Stock Incentive Plan details.”
- [claimed-docs] “move to our Growth plan with 409A valuations and ASC 718 reporting and more”
- [claimed-docs] “At the completion of this workflow, the platform will generate an Excel file (.xlsx) with ASC 718 report calculations.”
Us filings
ops userUS equity compliance — Rule 701 disclosure thresholds, Form 3921 filings, 83(b) elections — is tracked and generated from the cap table automatically
weight 2 · round to Fidelity Private SharesThe product explicitly offers '83(b) generation' as a plan feature and ASC 718 stock option expense reporting tied to cap table data, showing some automated compliance-filing support. However, there is no evidence of Rule 701 disclosure threshold tracking or Form 3921 filing generation/automation. missing for 10: Rule 701 disclosure threshold tracking, Form 3921 filing generation, and confirmation these are auto-generated (not just templates) from live cap table data.
- [claimed-docs] “Up to 25 stakeholders and less than $1M raised Cap table management Equity plan generation Data room Board consents Scenario modeling …”
- [claimed-docs] “We organize everything you may need to create ASC 718 reports, including grant types, vesting schedules and Stock Incentive Plan details.”
- [claimed-docs] “move to our Growth plan with 409A valuations and ASC 718 reporting and more”
- [claimed-docs] “At the completion of this workflow, the platform will generate an Excel file (.xlsx) with ASC 718 report calculations.”
Vestdnone0/10Vestd's evidence pack is UK-centric (Companies House filings, EMI/CSOP schemes, UK valuations) and only briefly touches US exposure via 409A valuations for UK companies issuing to US taxpayers; there is no mention of Rule 701 thresholds, Form 3921 filings, or 83(b) election tracking/generation anywhere in the docs or probes.
- [claimed-docs] “If you're a UK company issuing options to US taxpayers, you need 409A valuations. Get your 409A valuation from Vestd for a small fee.”
- [claimed-docs] “Automate filing with Vestd”
- [claimed-docs] “Share valuation | Vestd”
Equity data access — stories about equity data access in this arenaEquity data access
Stories about equity data access in this arena
Agent access
ai-native userAn agent can draft securities (e.g. option grants) via the platform's programmatic surface and leave them queued for human board approval
weight 2 · round drawnFidelity Private Sharesnone0/10There is no evidence of any programmatic API surface (probes for llms.txt, docs.md, and OpenAPI all return 404), so an agent cannot draft securities programmatically at all; workflows described are UI-driven, human-initiated processes.
- [probe] “PROBE llms.txt: HTTP 404 at https://www.fidelityprivateshares.com/llms.txt”
- [probe] “PROBE docs-md: HTTP 404 at https://www.fidelityprivateshares.com/support.md”
- [probe] “PROBE openapi: all candidate paths 404 (https://www.fidelityprivateshares.com/openapi.json, https://www.fidelityprivateshares.com/swagger.js…”
Vestdnone0/10No evidence of any programmatic/API surface for drafting option grants or other securities—OpenAPI/swagger probes all return 404, and all cited docs describe human UI workflows (admin authorizes share pools, recipients submit exercise requests via the platform) rather than an agent-accessible API queue. missing for 10: any API/SDK endpoint for creating draft grants, evidence of an approval-queue object model, developer documentation referencing programmatic access.
- [probe] “PROBE openapi: all candidate paths 404 (https://www.vestd.com/openapi.json, https://www.vestd.com/swagger.json, https://www.vestd.com/api/op…”
- [claimed-docs] “Authorise a share pool and choose a share class, then instantly distribute the equity to one or more recipients.”
- [claimed-docs] “When a recipient is ready to exercise their options, they submit a request through Vestd. The company's admin user then revi”
- [probe] “PROBE llms.txt: HTTP 200 at https://www.vestd.com/llms.txt # Vestd > Vestd Ltd is a UK-based sharetech platform that helps companies launch…”
ai-native userHave an agent pull my current cap table programmatically and reconcile it against my data room before a financing
weight 3 · round drawnFidelity Private Sharesnone0/10No evidence of any API, export endpoint, or programmatic access mechanism—probes for llms.txt, docs.md, and OpenAPI all return 404s, and all documented features are UI-based workflows (cap table, data room smart-linking, scenario modeling) with no mention of agent-accessible data pulls or reconciliation tooling.
- [probe] “PROBE llms.txt: HTTP 404 at https://www.fidelityprivateshares.com/llms.txt”
- [probe] “PROBE docs-md: HTTP 404 at https://www.fidelityprivateshares.com/support.md”
- [probe] “PROBE openapi: all candidate paths 404 (https://www.fidelityprivateshares.com/openapi.json, https://www.fidelityprivateshares.com/swagger.js…”
- [claimed-docs] “your cap table and all the documents in your data room are tied together using a smart-linking feature”
- [claimed-docs] “Do you want your capitalization table to automatically update and dynamically link directly to all supporting documents in a secured data ro…”
Vestdnone0/10No evidence of any API, export, or programmatic access to cap table data — the openapi probe returned 404s on all candidate paths and there's no mention of an API for agents to pull cap table data. Data rooms and cap table features are UI-based document storage, not programmatic reconciliation tools.
- [probe] “PROBE openapi: all candidate paths 404 (https://www.vestd.com/openapi.json, https://www.vestd.com/swagger.json, https://www.vestd.com/api/op…”
- [claimed-docs] “Digital cap table management No more messy spreadsheets scattered across your team. One source of truth, reconciled.”
- [claimed-docs] “From agreements and financials to cap tables and shareholder documents, you decide what to include and **who gets access**.”
Api access
developerPull the full capitalization table — stakeholders, share classes, securities, and vesting states — through a documented programmatic API
weight 3 · round drawnFidelity Private Sharesnone0/10No evidence of any programmatic API for accessing cap table data — probes for OpenAPI/Swagger specs and llms.txt all returned 404, and no documentation mentions an API, SDK, or export endpoint for stakeholders/share classes/securities/vesting data. All evidence pertains to UI-based workflows, reports, and third-party integrations (Gusto) rather than a documented developer API.
- [probe] “PROBE llms.txt: HTTP 404 at https://www.fidelityprivateshares.com/llms.txt”
- [probe] “PROBE docs-md: HTTP 404 at https://www.fidelityprivateshares.com/support.md”
- [probe] “PROBE openapi: all candidate paths 404 (https://www.fidelityprivateshares.com/openapi.json, https://www.fidelityprivateshares.com/swagger.js…”
Vestdnone0/10There is no evidence of any documented API for pulling cap table data — probes for OpenAPI/Swagger specs all returned 404, and no docs mention an API at all; the HRIS integration mention is inbound data sync, not an outbound programmatic cap table export. Evidence only covers UI-based features like issuing shares, data rooms, and shareholder comms.
- [probe] “PROBE openapi: all candidate paths 404 (https://www.vestd.com/openapi.json, https://www.vestd.com/swagger.json, https://www.vestd.com/api/op…”
- [probe] “PROBE docs-md: HTTP 404 at https://www.vestd.com/help.md”
- [claimed-docs] “Connect your HR platform to Vestd and end the manual data shuffle.”
- [claimed-docs] “Digital cap table management No more messy spreadsheets scattered across your team. One source of truth, reconciled.”
Partner access
developerThird parties my company authorizes — law firms, HRIS vendors, wealth managers — can access scoped slices of equity data on our behalf without full admin credentials
weight 2 · round to VestdFidelity Private Sharesnone0/10No evidence of a developer-facing API, scoped access tokens, or third-party delegated access mechanism for law firms, HRIS vendors, or wealth managers; the evidence pack shows only end-user workflows (data room, cap table, board consents) and explicit probe failures for API/docs endpoints (llms.txt, openapi.json all 404). This is a fair axis for an equity management platform since such products commonly support advisor/auditor access roles, but no such capability is documented.
- [probe] “PROBE llms.txt: HTTP 404 at https://www.fidelityprivateshares.com/llms.txt”
- [probe] “PROBE docs-md: HTTP 404 at https://www.fidelityprivateshares.com/support.md”
- [probe] “PROBE openapi: all candidate paths 404 (https://www.fidelityprivateshares.com/openapi.json, https://www.fidelityprivateshares.com/swagger.js…”
Vestd's data rooms let admins choose 'who gets access' to specific documents/cap table data, and HRIS integrations exist, which suggest some scoped sharing is possible, but there's no evidence of a distinct third-party/advisor role with limited permissions (vs. full admin) or an API/portal built for law firms or wealth managers. No OpenAPI/API surface was found (probe-3 404), so scoped programmatic access can't be confirmed. Missing for 10: explicit third-party role-based permissions, documented advisor/accountant access tier, API or portal scoped for external professionals.
- [claimed-docs] “From agreements and financials to cap tables and shareholder documents, you decide what to include and **who gets access**.”
- [claimed-docs] “Connect your HR platform to Vestd and end the manual data shuffle.”
- [claimed-docs] “HRIS Integration | Vestd”
- [probe] “PROBE openapi: all candidate paths 404 (https://www.vestd.com/openapi.json, https://www.vestd.com/swagger.json, https://www.vestd.com/api/op…”
Equity issuance — stories about equity issuance in this arenaEquity issuance
Stories about equity issuance in this arena
Bulk issuance
ops userUpload or issue securities in bulk — a batch of grants or historical transactions — instead of entering them one at a time
weight 2 · round to Fidelity Private SharesThere is direct first-party documentation of a bulk-upload workflow for equity promises ("For multiple promises, there is a process to upload equity promises in bulk"), which supports batch issuance rather than one-at-a-time entry. However, the evidence lacks detail on format/template specifics, historical transaction backfill support, error handling, or independent/hands-on corroboration of the bulk process. Missing for 10: detailed documentation of the upload template/CSV format, confirmation it covers historical transactions (not just promises), and independent verification of successful bulk imports.
- [claimed-docs] “For multiple promises, there is a process to upload equity promises in bulk.”
- [claimed-docs] “Vesting schedules that you use frequently can be saved as a predefined schedule.”
Vestd's issue-shares flow lets an admin 'distribute equity to one or more recipients' in one action (vestd-docs-8), and its migration/HRIS-integration pages talk about digitising or moving an 'existing scheme' and connecting HR systems to avoid manual data entry (vestd-docs-1, vestd-docs-9, vestd-docs-10, vestd-docs-22, vestd-docs-35), implying some batch/historical-data ingestion. However, there is no explicit documentation of a bulk CSV upload, spreadsheet import, or dedicated batch-grant tool, and no independent/hands-on confirmation of how many recipients or historical transactions can be processed at once. Missing for 10: explicit bulk upload/import tool documentation, evidence of batch historical-transaction entry, and independent corroboration of scale.
- [claimed-docs] “Authorise a share pool and choose a share class, then instantly distribute the equity to one or more recipients.”
- [claimed-docs] “Migrate to Vestd - Digitise or move your existing scheme”
- [claimed-docs] “Migrate to Vestd Digitise or move your existing scheme”
- [claimed-docs] “Connect your HR platform to Vestd and end the manual data shuffle.”
- [claimed-docs] “HRIS Integration | Vestd”
- [claimed-docs] “Migrate to Vestd | Upgrade today”
Option grants
founderIssue options to a new hire with a board approval flow and a 409A-compliant strike price in one end-to-end workflow
weight 3 · round to Fidelity Private SharesDocs show board/stockholder approvals are automatically integrated into workflows and tied to award agreements, FMV-based strike pricing (with override option), predefined vesting schedules, and Gusto integration that can auto-grant equity from offer-letter promises — covering the core founder journey of approving and issuing a compliant option grant to a new hire. 409A compliance is supported via third-party valuation providers feeding FMV into the grant workflow rather than a single in-house step. Missing for 10: independent/hands-on corroboration of the full flow, and a concrete example specifically for a 'new hire' offer-to-grant scenario end-to-end.
- [claimed-docs] “Board and stockholder approvals are automatically integrated into every relevant workflow in the platform.”
- [claimed-docs] “the award agreement will be tied to the corresponding board consent, subsequent exercise actions, stock certificates, and other future relat…”
- [claimed-docs] “Select Yes to allow grants to be priced above or below FMV.”
- [claimed-docs] “We work with third party 409A Valuation Report providers based on your company's individual needs.”
- [claimed-docs] “Automatically grant equity from promises in offer letters”
- [claimed-docs] “Vesting schedules that you use frequently can be saved as a predefined schedule.”
Vestd provides EMI option scheme setup and granting (vestd-docs-6, vestd-docs-15, vestd-docs-25), board-ready governance/reporting with signatures (vestd-docs-18), and a dedicated 409A valuation service for issuing to US taxpayers (vestd-docs-16, vestd-docs-28), which together cover the major pieces of the story. However, no evidence shows these steps are chained into one single end-to-end workflow (board approval → 409A strike price lookup → grant issuance) triggered from a new-hire event; the docs describe separate features/pages rather than an integrated flow. Missing for 10: a documented single workflow linking board approval, 409A valuation retrieval, and option grant issuance in one pass, and independent/hands-on confirmation that this sequence works seamlessly end-to-end.
- [claimed-docs] “you will need to create the actual EMI scheme so you can grant share options”
- [claimed-docs] “How to grant EMI share options”
- [claimed-docs] “Board-ready equity governance and reporting, with deed / witness signatures and custom document templates.”
- [claimed-docs] “If you're a UK company issuing options to US taxpayers, you need 409A valuations. Get your 409A valuation from Vestd for a small fee.”
- [claimed-docs] “Share valuation | Vestd”
- [claimed-docs] “Granting EMI Share Options Scheme | Vestd”
Vesting
ops userDefine custom vesting schedules — cliffs, milestones, acceleration on exit — and the platform tracks vested vs unvested automatically
weight 2 · round to Fidelity Private SharesDocs confirm predefined/custom vesting schedules can be created and reused for grants, and the platform provides ASC 718 reporting that organizes vesting schedules and grant types — implying vested/unvested tracking. However, there is no explicit evidence of milestone-based vesting, acceleration-on-exit triggers, or automatic real-time vested-vs-unvested calculation logic being described. Missing for 10: explicit support for milestone/performance-based vesting, acceleration-on-exit clauses, and detailed automatic vested/unvested tracking mechanics.
- [claimed-docs] “Selecting from a predefined vesting schedule will expedite both processes by prepopulating the vesting details for you and ensure consistenc…”
- [claimed-docs] “Vesting schedules that you use frequently can be saved as a predefined schedule.”
- [claimed-docs] “We organize everything you may need to create ASC 718 reports, including grant types, vesting schedules and Stock Incentive Plan details.”
- [claimed-docs] “the platform will generate an Excel file (.xlsx) with ASC 718 report calculations”
Vestdnone0/10The evidence pack covers share issuance, EMI/growth/unapproved scheme setup, exercising options, cap tables, and communications, but nowhere describes defining custom vesting schedules with cliffs, milestones, or exit-acceleration, nor automatic vested/unvested tracking. Missing for 10: any documentation of vesting schedule configuration, cliff/milestone logic, acceleration-on-exit handling, or automated vested-vs-unvested calculation.
- [claimed-docs] “you will need to create the actual EMI scheme so you can grant share options”
- [claimed-docs] “How your SME can create a qualifying EMI options scheme”
- [claimed-docs] “How to grant EMI share options”
- [claimed-docs] “In this guide, we cover everything there is to know about growth shares, how to use them and who can have them.”
- [claimed-docs] “When a recipient is ready to exercise their options, they submit a request through Vestd. The company's admin user then revi”
Fundraising modeling — stories about fundraising modeling in this arenaFundraising modeling
Stories about fundraising modeling in this arena
Investor relations
founderMy investors get their own portal view of their holdings and can receive structured updates without emailing me for the cap table
weight 1 · round to VestdThe platform offers stakeholders a 'My Equity' self-service view of their grants and exercise options, and a smart-linked data room that automatically shares relevant documents, which could reduce founder-investor emailing about holdings. However, there is no explicit evidence of a dedicated investor-facing portal (distinct from employee/optionholder equity view) or of proactive 'structured updates' (e.g., scheduled reports, dashboards) being pushed to investors. Missing for 10: dedicated investor portal distinct from employee equity view, evidence of structured/periodic investor update delivery, and any investor-specific reporting feature.
- [claimed-docs] “click on My Equity to view your available grants. Grants with an Exercise Now button have options available for exercise.”
- [claimed-docs] “Grants with an Exercise Now button have options available for exercise.”
- [claimed-docs] “your cap table and all the documents in your data room are tied together using a smart-linking feature”
- [claimed-docs] “your automatic Data Room works behind-the-scenes to add important documents as they are completed”
Vestd offers shareholder dashboards (vestd-docs-37, vestd-probe via shareholder-dashboards page) and dedicated shareholder communication tools including targeted updates and mailing lists (vestd-docs-3, vestd-docs-13, vestd-docs-24), which directly supports investors having self-service visibility and structured updates rather than emailing the founder. However, evidence is all first-party marketing copy with no independent/hands-on confirmation of the investor-side experience or what 'structured updates' concretely look like (e.g. automated reports vs manual email blasts). Missing for 10: independent/hands-on validation of the investor portal UX, detail on automated/structured update formats, and confirmation that portal access is self-serve without founder intervention.
- [claimed-docs] “Invite your team.”
- [claimed-docs] “Keep your shareholders in the loop with regular updates, directly from the Vestd platform.”
- [claimed-docs] “Create bespoke mailing lists to segment stakeholders, to send targeted updates to specific groups.”
- [claimed-docs] “Shareholder Communication Solutions | Vestd”
- [claimed-docs] “Digital cap table management No more messy spreadsheets scattered across your team. One source of truth, reconciled.”
Safes
founderCreate, send, and e-sign SAFEs or convertible notes in-platform, and they land on the cap table with their conversion terms modeled
weight 3 · round to Fidelity Private SharesDocs show founders can generate and e-sign a Convertible Note in-platform (docs-21, docs-22, docs-37) and that award/agreement documents are automatically tied to cap table records via smart-linking (docs-7, docs-34), supporting the notes-to-cap-table linkage. However, SAFEs specifically are never mentioned, and there is no explicit description of how conversion terms (valuation cap, discount) are modeled or reflected in cap table math. Missing for 10: explicit SAFE support, and documentation of automatic conversion-term modeling on the cap table.
- [claimed-docs] “This article will walk you through the process of generating a Convertible Note (or Bridge Note).”
- [claimed-docs] “You can use your mouse to draw your signature, upload an image file of your signature, or type in your signature.”
- [claimed-docs] “the platform will email you a link to review and sign the document(s) involved in that step of the workflow”
- [claimed-docs] “your cap table and all the documents in your data room are tied together using a smart-linking feature”
- [claimed-docs] “the award agreement will be tied to the corresponding board consent, subsequent exercise actions, stock certificates, and other future relat…”
Vestdnone0/10Vestd's evidence covers cap table management, share issuance, EMI/CSOP/growth share schemes, valuations, and Companies House filing, but nothing mentions SAFEs, convertible notes, e-signing of fundraising instruments, or conversion-term modeling. This appears to be an equity/options management platform, not a SAFE/convertible-note fundraising tool.
Scenario modeling
ops userRun exit waterfall analyses showing proceeds per share class and stakeholder under different exit values, honoring preferences and participation
weight 2 · round to Fidelity Private SharesThe product offers scenario modeling for hypothetical future rounds with IRR and cash-on-cash calculations, which touches exit/return analysis, but there is no evidence of a dedicated waterfall analysis feature that models proceeds per share class/stakeholder honoring liquidation preferences and participation rights across different exit values. Missing for 10: explicit waterfall modeling of exit proceeds by share class, evidence of handling preference stacks (participating vs non-participating, multiples), and stakeholder-level payout breakdowns under varying exit scenarios.
- [claimed-docs] “explore hypothetical future rounds, and export scenarios to review with your team”
- [claimed-docs] “Internal Rate of Return and Cash-on-cash calculations”
- [claimed-docs] “you can feel more confident using our scenario modeling and planning features... explore hypothetical future rounds, and export scenarios to…”
founderModel a priced round — dilution, option pool top-up, SAFE conversion, pro-forma ownership — and share the scenario with counsel and investors
weight 3 · round to Fidelity Private SharesFidelity Private Shares documents a dedicated scenario-modeling feature covering hypothetical future rounds, IRR/cash-on-cash calculations, and exporting scenarios for team review, plus a related automated-equity-financing tool to model rounds and generate term sheets/financing documents. However, the evidence doesn't explicitly confirm modeling of option pool top-ups, SAFE conversions, or pro-forma ownership tables within the scenario tool, nor direct 'share with counsel/investors' collaboration workflow for scenarios specifically (only general document sharing/data room features are shown). Missing for 10: explicit SAFE conversion modeling, explicit option pool top-up modeling in scenario tool, pro-forma ownership output, and evidence of sharing a scenario directly with external counsel/investors.
- [claimed-docs] “explore hypothetical future rounds, and export scenarios to review with your team”
- [claimed-docs] “Internal Rate of Return and Cash-on-cash calculations”
- [claimed-docs] “Model your next round, generate your term sheet, and create financing documents”
- [claimed-docs] “you can feel more confident using our scenario modeling and planning features... explore hypothetical future rounds, and export scenarios to…”
- [claimed-docs] “This article will walk you through the process of generating a Convertible Note (or Bridge Note).”
Vestdnone0/10Vestd's evidence covers cap table management, share issuance, EMI/CSOP option schemes, valuations, and data rooms, but nothing describes scenario modeling for a priced funding round — no mention of dilution modeling, option pool top-up simulation, SAFE conversion, or pro-forma ownership scenarios shareable with counsel/investors.
Governance boardroom — stories about governance boardroom in this arenaGovernance boardroom
Stories about governance boardroom in this arena
Board approvals
founderBoard consents and stockholder approvals are drafted, routed for e-signature, and archived against the transactions they authorize
weight 2 · round to Fidelity Private SharesDocs explicitly describe drafting board/stockholder consents via dedicated workflows, e-signature routing (mouse/upload/type signature, email link to sign), and automatic archiving/linking of executed documents to the transactions they authorize (e.g., award agreements tied to board consents, exercises, and certificates) via the smart-linked data room. This directly matches the story's draft→route for e-signature→archive-against-transaction workflow. missing for 10: independent/hands-on corroboration beyond vendor docs.
- [claimed-docs] “This article will show you how to create a written consent for board directors or stockholders and solicit approvals using the Board Consent…”
- [claimed-docs] “Board and stockholder approvals are automatically integrated into every relevant workflow in the platform.”
- [claimed-docs] “You can use your mouse to draw your signature, upload an image file of your signature, or type in your signature.”
- [claimed-docs] “the platform will email you a link to review and sign the document(s) involved in that step of the workflow”
- [claimed-docs] “the award agreement will be tied to the corresponding board consent, subsequent exercise actions, stock certificates, and other future relat…”
- [claimed-docs] “your cap table and all the documents in your data room are tied together using a smart-linking feature”
- [claimed-docs] “your automatic Data Room works behind-the-scenes to add important documents as they are completed”
Vestd advertises 'board-ready equity governance and reporting, with deed/witness signatures and custom document templates' and data rooms that store agreements and shareholder documents tied to transactions, suggesting some document generation, e-signature, and archiving capability. However there is no explicit evidence of board consent or stockholder approval drafting/routing as a distinct governance workflow (e.g., resolution templates, approval routing tied to specific transactions like grants or share issuances). Missing for 10: explicit board consent/resolution drafting workflow, dedicated e-signature routing for approvals, and evidence that approvals are archived and linked to the specific transactions they authorize.
- [claimed-docs] “Board-ready equity governance and reporting, with deed / witness signatures and custom document templates.”
- [claimed-docs] “Document templates for startups | Vestd”
- [claimed-docs] “our Data rooms let you store and share important files in one secure, central place”
- [claimed-docs] “From agreements and financials to cap tables and shareholder documents, you decide what to include and **who gets access**.”
Counsel access
ops userMy outside counsel can work directly in the platform with law-firm roles — preparing documents and updating records without emailing spreadsheets
weight 2 · round drawnFidelity Private Sharesnone0/10The evidence pack covers cap table management, workflows, board consents, ASC 718, data room, and integrations, but nowhere mentions outside counsel access, law-firm-specific roles/permissions, or attorney collaboration features within the platform. No documentation references external counsel logins, role-based access for law firms, or counsel-specific document preparation capabilities.
Vestdnone0/10Evidence shows data rooms with configurable access ([vestd-docs-21]) and generic 'invite your team' ([vestd-docs-37]), but nothing indicates a dedicated law-firm/counsel role, permissions tier, or workflow for external counsel to prepare documents or update records directly. Missing for 10: evidence of a counsel-specific role/permission set, document-drafting workflow for external lawyers, or any mention of law firm collaboration.
- [claimed-docs] “From agreements and financials to cap tables and shareholder documents, you decide what to include and **who gets access**.”
- [claimed-docs] “Invite your team.”
- [claimed-docs] “Board-ready equity governance and reporting, with deed / witness signatures and custom document templates.”
Data room
ops userShare a permissioned, diligence-ready data room — cap table views plus underlying documents — with counsel and investors
weight 2 · round to VestdDocs clearly describe an automated, smart-linked data room that ties cap table entries to underlying documents (grants, consents, financing docs) and is marketed as 'secured' — a core diligence-ready data room capability offered across pricing tiers. However, there is no explicit documentation of granular, role-based permissioning for external parties like counsel or investors (e.g. view-only access, watermarking, expiring links) — missing for 10: explicit external-party permission controls, evidence of investor/counsel-specific access workflows, and any hands-on/independent confirmation of the sharing experience.
- [claimed-docs] “your cap table and all the documents in your data room are tied together using a smart-linking feature”
- [claimed-docs] “Do you want your capitalization table to automatically update and dynamically link directly to all supporting documents in a secured data ro…”
- [claimed-docs] “your automatic Data Room works behind-the-scenes to add important documents as they are completed”
- [claimed-docs] “every time you make a change, the resulting docs are automatically collected and organized”
- [claimed-docs] “Up to 25 stakeholders and less than $1M raised Cap table management Equity plan generation Data room Board consents Scenario modeling …”
Vestd's Data Rooms feature explicitly lets ops users store cap tables and documents (agreements, financials, shareholder docs) in one secure place and control "who gets access," directly matching the permissioned diligence-ready sharing story, supplemented by board-ready governance/reporting docs. Missing for 10: independent/hands-on corroboration of the permissioning granularity (e.g., counsel vs investor role-based access), and no evidence of audit logs or expiry controls typical of enterprise data rooms.
- [claimed-docs] “our Data rooms let you store and share important files in one secure, central place”
- [claimed-docs] “our Data rooms let you store and share important files in one secure, central place.”
- [claimed-docs] “our **Data rooms** let you store and share important files in one secure, central place.”
- [claimed-docs] “From agreements and financials to cap tables and shareholder documents, you decide what to include and **who gets access**.”
- [claimed-docs] “Board-ready equity governance and reporting, with deed / witness signatures and custom document templates.”
Integrations hris — stories about integrations hris in this arenaIntegrations hris
Stories about integrations hris in this arena
Hris sync
ops userStakeholders sync from my HRIS/payroll system (e.g. Gusto, Rippling) so new hires and terminations flow into equity records automatically
weight 2 · round to Fidelity Private SharesDocs explicitly describe a Gusto integration that syncs hiring, onboarding, and equity data, eliminating duplicate entry, and auto-granting equity from offer-letter promises, which directly supports the HRIS-sync story. However, evidence is limited to Gusto only (no Rippling or other payroll systems), and there's no explicit mention of termination events flowing into equity records. Missing for 10: explicit termination/offboarding sync, multi-HRIS support (e.g. Rippling), and independent confirmation of automatic new-hire equity creation beyond offer-letter promises.
- [claimed-docs] “eliminating the need to re-enter employee information in multiple solutions”
- [claimed-docs] “Sync relevant hiring, onboarding, and equity data between Fidelity Private Shares and Gusto — no need for error-prone, duplicate data entry”
- [claimed-docs] “Automatically grant equity from promises in offer letters”
Vestd has a dedicated HRIS integration page claiming to 'connect your HR platform to Vestd and end the manual data shuffle,' indicating some sync capability exists, but there's no detail on which HRIS systems (Gusto, Rippling, etc.) are supported, what data syncs (new hires/terminations specifically), or how automated equity record updates are. Missing for 10: named integration partners, specifics on new-hire/termination triggers flowing into equity records, technical/API documentation, and independent or hands-on confirmation the sync works as described.
- [claimed-docs] “Connect your HR platform to Vestd and end the manual data shuffle.”
- [claimed-docs] “HRIS Integration | Vestd”
Openness — open source, data portability, and self-hosting storiesOpenness
Open source, data portability, and self-hosting stories
ai-native userDo everything through the API that I can do in the UI
weight 2 · round drawnFidelity Private Sharesnone0/10No evidence of any public API at all—probes for OpenAPI/Swagger specs all returned 404, and no docs mention an API, SDK, or programmatic access to cap table, equity, or workflow features. Without an API, there is no way to perform UI actions programmatically.
- [probe] “PROBE openapi: all candidate paths 404 (https://www.fidelityprivateshares.com/openapi.json, https://www.fidelityprivateshares.com/swagger.js…”
- [probe] “PROBE llms.txt: HTTP 404 at https://www.fidelityprivateshares.com/llms.txt”
- [probe] “PROBE docs-md: HTTP 404 at https://www.fidelityprivateshares.com/support.md”
Vestdnone0/10No evidence of any public API at all (openapi/swagger probes all 404), so there is no basis to claim API-UI parity; all evidence is marketing/UI feature docs.
ai-native userExport all of my data in open formats and leave
weight 3 · round to Fidelity Private SharesThe platform supports exporting specific reports (ASC 718 calculations as .xlsx, scenario modeling exports) but there is no evidence of a comprehensive account/data export function that would let a user extract their full cap table, documents, and equity data in open formats to leave the platform. missing for 10: full data export/migration tooling, open-format bulk export (CSV/JSON) of cap table and data room contents, documented account closure/data portability process, and any independent confirmation of export completeness.
- [claimed-docs] “the platform will generate an Excel file (.xlsx) with ASC 718 report calculations”
- [claimed-docs] “At the completion of this workflow, the platform will generate an Excel file (.xlsx) with ASC 718 report calculations.”
- [claimed-docs] “explore hypothetical future rounds, and export scenarios to review with your team”
- [claimed-docs] “you can feel more confident using our scenario modeling and planning features... explore hypothetical future rounds, and export scenarios to…”
Vestdnone0/10No evidence of any data export feature, open-format export (CSV/JSON/API), or data-portability tooling; the only migration references are for importing existing schemes INTO Vestd, and API probes for OpenAPI/docs endpoints all returned 404. missing for 10: any export functionality, open-format data dumps, or API/CSV export documentation.
- [claimed-docs] “Migrate to Vestd - Digitise or move your existing scheme”
- [claimed-docs] “Migrate to Vestd Digitise or move your existing scheme”
- [claimed-docs] “Migrate to Vestd | Upgrade today”
- [probe] “PROBE docs-md: HTTP 404 at https://www.vestd.com/help.md”
- [probe] “PROBE openapi: all candidate paths 404 (https://www.vestd.com/openapi.json, https://www.vestd.com/swagger.json, https://www.vestd.com/api/op…”
Privacy posture — data-handling and privacy storiesPrivacy posture
Data-handling and privacy stories
ai-native userChoose where my data is stored (region/residency)
weight 2 · round drawnFidelity Private Sharesnone0/10No evidence anywhere in the pack of data residency/region selection options for stored data; Fidelity Private Shares is an equity/cap-table management SaaS with no mention of configurable data storage location or AI-native data controls.
ai-native userControl data retention and deletion
weight 2 · round drawnFidelity Private Sharesnone0/10Fidelity Private Shares is a cap-table/equity management platform; the evidence covers vesting schedules, ASC 718 reports, board consents, data rooms, integrations, etc., but there is no mention of AI data usage, retention policies, or user-controlled deletion of data related to AI features. No documentation addresses data retention/deletion controls at all.
Reporting exports — stories about reporting exports in this arenaReporting exports
Stories about reporting exports in this arena
Audit trail
ops userEvery change to the cap table is captured in an audit log — who changed what, when, and under what authorization
weight 1 · round to Fidelity Private SharesThe docs show that equity changes are tied to underlying approval documents (award agreements linked to board consents, exercises, and certificates) and that a 'Change Board Members' workflow can record historical or current changes, plus an automated data room that collects docs whenever changes are made — implying some traceability of who authorized what and when. However, there is no explicit description of a dedicated audit log or change history feature that shows user, timestamp, and authorization for every cap table edit. Missing for 10: explicit audit-log/change-history feature, user-level attribution of edits, exportable audit trail report.
- [claimed-docs] “the award agreement will be tied to the corresponding board consent, subsequent exercise actions, stock certificates, and other future relat…”
- [claimed-docs] “every time you make a change, the resulting docs are automatically collected and organized”
- [claimed-docs] “The Change Board Members workflow will allow you to initiate or record changes to your Board of Directors, whether to document a change that…”
- [claimed-docs] “Board and stockholder approvals are automatically integrated into every relevant workflow in the platform.”
Vestdnone0/10Evidence shows cap table management, data rooms, Companies House filing automation, and board-ready governance/reporting, but nowhere describes an audit log recording who changed what, when, and under what authorization. No mention of change history, versioning, or audit trail features.
Exports
ops userExport my complete cap table and full transaction history to open formats (Excel/CSV) at any time — my ownership data is never held hostage
weight 2 · round to Fidelity Private SharesDocs confirm some exports exist — ASC 718 reports generate as Excel (.xlsx) and scenario models can be exported — but there is no evidence of a general, complete cap table or full transaction history export to CSV/Excel, nor any explicit no-lock-in/anytime-export guarantee. missing for 10: evidence of full cap table CSV/Excel export, full transaction history export, and any statement about unrestricted/anytime data portability.
- [claimed-docs] “the platform will generate an Excel file (.xlsx) with ASC 718 report calculations”
- [claimed-docs] “At the completion of this workflow, the platform will generate an Excel file (.xlsx) with ASC 718 report calculations.”
- [claimed-docs] “explore hypothetical future rounds, and export scenarios to review with your team”
- [claimed-docs] “you can feel more confident using our scenario modeling and planning features... explore hypothetical future rounds, and export scenarios to…”
- [claimed-docs] “Up to 25 stakeholders and less than $1M raised Cap table management Equity plan generation Data room Board consents Scenario modeling …”
Vestdnone0/10No evidence pack items mention exporting cap table or transaction history to Excel/CSV, or any data export/portability capability; docs focus on digital cap table management, data rooms, and Companies House filing but never describe self-service export. No API/openapi found either (probes 404), reinforcing lack of open-format export evidence.
Stakeholder experience — stories about stakeholder experience in this arenaStakeholder experience
Stories about stakeholder experience in this arena
Education
employeeThe platform explains my equity in plain language — tax treatment, exercise windows, dilution — not just numbers
weight 1 · round to VestdThe platform provides employee-facing tools like a 'My Equity' view and an exercise workflow (with 83(b) generation and exercise windows shown via 'Exercise Now' buttons), which touch on equity mechanics, but there is no evidence of plain-language explanations of tax treatment or dilution for employees specifically. Missing for 10: plain-language tax treatment guidance, dilution explanations tailored to employees, and any educational/explainer content beyond transactional workflows.
- [claimed-docs] “Select the number of shares you want to exercise. Sign the Exercise Documents and secure spousal consent (if applicable).”
- [claimed-docs] “click on My Equity to view your available grants. Grants with an Exercise Now button have options available for exercise.”
- [claimed-docs] “Up to 25 stakeholders and less than $1M raised Cap table management Equity plan generation Data room Board consents Scenario modeling …”
- [claimed-docs] “Grants with an Exercise Now button have options available for exercise.”
Vestd's help docs cover topics like exercising options (mentioning valuation/tax considerations), growth shares explained, and EMI scheme guides, suggesting some educational content exists around equity concepts. However, there's no direct evidence of an employee-facing dashboard or interface that translates an individual's own equity numbers into plain-language tax treatment, exercise window countdowns, or dilution explanations personalized to them — the cited pages are general marketing/help articles, not demonstrated employee UI features. Missing for 10: employee-specific dashboard screenshots/copy showing personalized tax/exercise/dilution explanations, evidence of plain-language framing tailored to non-expert employees, and independent user corroboration.
- [claimed-docs] “The company's admin user then reviews and processes it, confirming the company valuation and any relevant tax or legal considerations.”
- [claimed-docs] “In this guide, we cover everything there is to know about growth shares, how to use them and who can have them.”
- [claimed-docs] “When a recipient is ready to exercise their options, they submit a request through Vestd. The company's admin user then revi”
- [claimed-docs] “Invite your team.”
- [claimed-docs] “If you're a UK company issuing options to US taxpayers, you need 409A valuations. Get your 409A valuation from Vestd for a small fee.”
Exercising
employeeExercise my vested options online — including payment and the resulting share issuance — without paper forms
weight 2 · round drawnDocs clearly describe an online exercise workflow: employees see 'Exercise Now' on eligible grants, select share quantity, and e-sign exercise documents (with spousal consent if needed), and a later doc notes exercise actions link to resulting stock certificates. However, there is no explicit description of the payment step (how funds are collected/processed) during exercise, and issuance confirmation is only implied via linkage rather than documented as an automatic outcome. Missing for 10: explicit payment/funding mechanism during exercise, explicit confirmation of automated share issuance/certificate generation post-payment.
- [claimed-docs] “Select the number of shares you want to exercise. Sign the Exercise Documents and secure spousal consent (if applicable).”
- [claimed-docs] “click on My Equity to view your available grants. Grants with an Exercise Now button have options available for exercise.”
- [claimed-docs] “Grants with an Exercise Now button have options available for exercise.”
- [claimed-docs] “the award agreement will be tied to the corresponding board consent, subsequent exercise actions, stock certificates, and other future relat…”
Vestd documents an online exercise workflow: the recipient submits an exercise request through the platform, and the admin reviews/processes it, confirming valuation and tax considerations, after which shares can be issued digitally with Companies House auto-updated (no paperwork for issuance). However, the evidence never explicitly describes an online payment mechanism as part of the exercise flow, and the process still requires manual admin review rather than a fully automated end-to-end flow. Missing for 10: explicit description of in-platform payment collection during exercise, and confirmation that share issuance is automatic/instant post-payment rather than admin-mediated.
- [claimed-docs] “When a recipient is ready to exercise their options, they submit a request through Vestd. The company's admin user then revi”
- [claimed-docs] “The company's admin user then reviews and processes it, confirming the company valuation and any relevant tax or legal considerations.”
- [claimed-docs] “Authorise and issue new shares digitally, and update Companies House in the click of a button. No paperwork involved!”
- [claimed-docs] “Companies House is automatically updated once shares have been distributed. You don't need to do a thing.”
- [claimed-docs] “Authorise a share pool and choose a share class, then instantly distribute the equity to one or more recipients.”
Portal
employeeI get my own portal showing my grants, vesting progress, strike price, and what my equity could be worth under different outcomes
weight 3 · round to Fidelity Private SharesEvidence confirms an employee-facing "My Equity" portal where employees can view their grants and exercise options (docs-29, docs-38, docs-26), but there is no explicit documentation that this portal displays vesting progress, strike price, or scenario-based valuation of equity outcomes for individual employees — the scenario modeling feature (docs-10/11/33) appears aimed at company admins for financing rounds, not employee outcome projections. missing for 10: explicit vesting-progress visualization, strike-price display in the employee view, and employee-facing what-if/outcome valuation tools.
- [claimed-docs] “click on My Equity to view your available grants. Grants with an Exercise Now button have options available for exercise.”
- [claimed-docs] “Grants with an Exercise Now button have options available for exercise.”
- [claimed-docs] “Select the number of shares you want to exercise. Sign the Exercise Documents and secure spousal consent (if applicable).”
- [claimed-docs] “explore hypothetical future rounds, and export scenarios to review with your team”
- [claimed-docs] “you can feel more confident using our scenario modeling and planning features... explore hypothetical future rounds, and export scenarios to…”
Vestd advertises a shareholder/employee dashboard ('Invite your team' via shareholder-dashboards page) and an options-exercise workflow where recipients submit requests, implying some self-service portal exists, but there is no evidence describing vesting-progress visualization, strike price display, or scenario/what-if valuation modeling for employees. missing for 10: explicit portal screenshots or docs showing vesting progress bars, strike price display, and outcome/scenario modeling for equity value.
- [claimed-docs] “Invite your team.”
- [claimed-docs] “When a recipient is ready to exercise their options, they submit a request through Vestd. The company's admin user then revi”
- [claimed-docs] “The company's admin user then reviews and processes it, confirming the company valuation and any relevant tax or legal considerations.”
- [claimed-docs] “In this guide, we cover everything there is to know about growth shares, how to use them and who can have them.”
Valuations 409a — stories about valuations 409a in this arenaValuations 409a
Stories about valuations 409a in this arena
International
ops userNon-US valuations and schemes — UK HMRC/EMI valuations, country-specific option plans — are supported for my international entities
weight 1 · round to VestdFidelity Private Sharesnone0/10Evidence covers only US-centric equity management (409A valuations via third-party providers, ASC 718 reporting, cap table, board consents), with no mention of UK HMRC/EMI valuations, non-US option schemes, or international entity support. Fidelity Private Shares appears US-focused with no documented international/multi-jurisdiction capability.
Vestd is UK-based and clearly supports UK-specific schemes like EMI (scheme setup and granting), CSOPs, growth shares, unapproved options, and SEIS/EIS advance assurance, which are the core 'non-US' UK HMRC-approved plan types. However, evidence is UK-centric only — there's no mention of other countries' option plans or valuations for international entities beyond the UK/US (409A) pairing, and no detail on how HMRC valuations are actually calculated/certified vs just scheme setup. missing for 10: evidence of valuation methodology/certification for HMRC-approved schemes, support for non-UK/non-US jurisdictions' option plans, and any documentation of multi-country entity handling.
- [claimed-docs] “How your SME can create a qualifying EMI options scheme”
- [claimed-docs] “How to grant EMI share options”
- [claimed-docs] “How your SME can create a qualifying EMI options scheme | Vestd”
- [claimed-docs] “Build growth share schemes with Vestd”
- [claimed-docs] “Build unapproved option schemes with Vestd”
- [claimed-docs] “Company Share Option Plans (CSOPs) on Vestd”
- [claimed-docs] “SEIS/EIS Advance Assurance Application | Vestd”
- [claimed-docs] “Share valuation | Vestd”
Us 409a
founderOrder an audit-ready 409A valuation in-platform, generated from my live cap table data, and get refreshed valuations on schedule
weight 3 · round to VestdFidelity offers 409A valuations as part of its Growth plan and markets them as faster/more accurate, but its own docs state these are fulfilled via third-party 409A valuation providers rather than generated automatically in-platform from live cap table data (docs-16, docs-28, docs-32). There's no evidence of automatic generation tied to live cap table changes or scheduled/recurring refresh cadence. Missing for 10: proof of automated in-platform generation directly from cap table data, evidence of scheduled/recurring refresh workflow, and confirmation of 'audit-ready' output format beyond third-party report delivery.
- [claimed-docs] “We work with third party 409A Valuation Report providers based on your company's individual needs.”
- [claimed-docs] “move to our Growth plan with 409A valuations and ASC 718 reporting and more”
- [claimed-docs] “Get faster, more accurate, and competitively-priced 409A valuations.”
Vestd offers a 409A valuation product tied to its cap table platform (vestd-docs-16, vestd-docs-28), but evidence does not confirm it's auto-generated from live cap table data, audit-ready certification, or scheduled/refreshed on a recurring basis. missing for 10: evidence of automated generation from live cap table data, audit-ready/compliance certification details, and scheduled refresh cadence.
- [claimed-docs] “If you're a UK company issuing options to US taxpayers, you need 409A valuations. Get your 409A valuation from Vestd for a small fee.”
- [claimed-docs] “Share valuation | Vestd”
- [claimed-docs] “Digital cap table management No more messy spreadsheets scattered across your team. One source of truth, reconciled.”
Not comparable on these axes
ai-native userRun the product headlessly / in CI for automation
weight 2 · not comparableFidelity Private Sharesnone0/10Fidelity Private Shares is a web-based equity/cap-table management platform with no documented API, CLI, or headless automation capability; probes for llms.txt, docs.md, and OpenAPI specs all returned 404, and no evidence describes CI/scriptable usage.
- [probe] “PROBE llms.txt: HTTP 404 at https://www.fidelityprivateshares.com/llms.txt”
- [probe] “PROBE docs-md: HTTP 404 at https://www.fidelityprivateshares.com/support.md”
- [probe] “PROBE openapi: all candidate paths 404 (https://www.fidelityprivateshares.com/openapi.json, https://www.fidelityprivateshares.com/swagger.js…”
Vestdn/aVestd is an equity management SaaS for cap tables and share schemes, not a developer tool or agent designed for headless/CI automation; no API/CLI exists (openapi probes 404) and the product's workflows are human-driven admin tasks. This axis is a category error for this kind of product.
- [probe] “PROBE openapi: all candidate paths 404 (https://www.vestd.com/openapi.json, https://www.vestd.com/swagger.json, https://www.vestd.com/api/op…”
ai-native userUse an official CLI
weight 2 · not comparableFidelity Private Sharesnone0/10Fidelity Private Shares is a cap-table/equity management SaaS with a web UI, workflows, and integrations, but there is no mention of a CLI anywhere in the evidence; probes for llms.txt, docs.md, and OpenAPI specs all returned 404, suggesting no developer/CLI tooling is exposed.
- [probe] “PROBE llms.txt: HTTP 404 at https://www.fidelityprivateshares.com/llms.txt”
- [probe] “PROBE docs-md: HTTP 404 at https://www.fidelityprivateshares.com/support.md”
- [probe] “PROBE openapi: all candidate paths 404 (https://www.fidelityprivateshares.com/openapi.json, https://www.fidelityprivateshares.com/swagger.js…”
ai-native userIssue scoped/least-privilege API credentials for an agent
weight 2 · not comparableFidelity Private Sharesnone0/10No evidence of any API at all, let alone scoped/least-privilege API credentials for agent use; probes for OpenAPI/API discovery all returned 404s, and none of the docs mention API keys, tokens, or credential scoping.
- [probe] “PROBE openapi: all candidate paths 404 (https://www.fidelityprivateshares.com/openapi.json, https://www.fidelityprivateshares.com/swagger.js…”
- [probe] “PROBE llms.txt: HTTP 404 at https://www.fidelityprivateshares.com/llms.txt”
- [probe] “PROBE docs-md: HTTP 404 at https://www.fidelityprivateshares.com/support.md”
Vestdn/aVestd is an equity/cap-table management SaaS, not an agentic AI tool or API platform; the evidence shows no API/OpenAPI presence at all (probe results 404), and scoped API credential issuance for agents is not a relevant capability for this product category.
- [probe] “PROBE openapi: all candidate paths 404 (https://www.vestd.com/openapi.json, https://www.vestd.com/swagger.json, https://www.vestd.com/api/op…”
ai-native userSet up automations that run autonomously in the background
weight 2 · not comparableFidelity Private Sharesn/aFidelity Private Shares is a cap table/equity management SaaS platform, not an AI agent or automation-building tool; the story of setting up autonomous background AI automations is a category mismatch for this product type, not a missing feature.
Vestdnone0/10Vestd is an equity management platform with some automatic features (e.g., Companies House auto-updates, automated filing), but there is no evidence of user-configurable autonomous background automations akin to AI-native agentic workflows. No API/webhook/automation-builder evidence exists, and no OpenAPI or automation endpoints were found.
ai-native userDelegate tasks to a built-in AI assistant inside the product
weight 3 · not comparableFidelity Private Sharesnone0/10No evidence of any built-in AI assistant or agentic delegation feature; the platform is a cap table/equity management workflow tool with no mention of AI capabilities anywhere in docs or probes.
ai-native userSchedule recurring jobs or workflows
weight 2 · not comparableFidelity Private Sharesnone0/10No evidence of any scheduling, recurring jobs, automation triggers, or workflow-orchestration API/feature; the product is a cap table/equity management SaaS with manual workflows and no automation or API layer (openapi/llms.txt probes all 404). This axis applies to any SaaS platform but there's no support for AI-driven scheduled/recurring automation.
- [probe] “PROBE llms.txt: HTTP 404 at https://www.fidelityprivateshares.com/llms.txt”
- [probe] “PROBE docs-md: HTTP 404 at https://www.fidelityprivateshares.com/support.md”
- [probe] “PROBE openapi: all candidate paths 404 (https://www.fidelityprivateshares.com/openapi.json, https://www.fidelityprivateshares.com/swagger.js…”
- [claimed-docs] “Workflows often have two paths - generative, where you can generate new documents to execute on the platform, and upload, where you can capt…”
ai-native userVersion, review, and roll back my automations
weight 1 · not comparableFidelity Private Sharesn/aFidelity Private Shares is a cap table/equity management platform, not an AI automation/agent tool; the concept of versioning, reviewing, and rolling back 'automations' does not apply to its workflow features, which are fixed compliance processes rather than user-configurable automations with version control.
Vestdn/aVestd is an equity/cap-table management SaaS, not an AI automation/agent-building tool; there's no concept of 'automations' with version control, review, or rollback in its product surface. This story targets AI-native automation tooling, which is a wrong axis for a sharetech platform.
ai-native userRead the product's source under an open license
weight 2 · not comparableFidelity Private Sharesnone0/10Fidelity Private Shares is a proprietary SaaS equity management platform with no mention of open-source licensing or public source code repository; probes for llms.txt, docs.md, and openapi specs all returned 404.
- [probe] “PROBE llms.txt: HTTP 404 at https://www.fidelityprivateshares.com/llms.txt”
- [probe] “PROBE docs-md: HTTP 404 at https://www.fidelityprivateshares.com/support.md”
- [probe] “PROBE openapi: all candidate paths 404 (https://www.fidelityprivateshares.com/openapi.json, https://www.fidelityprivateshares.com/swagger.js…”
ai-native userSelf-host the core product
weight 3 · not comparableFidelity Private Sharesn/aFidelity Private Shares is a proprietary SaaS equity-management platform hosted and operated by Fidelity; self-hosting the core product is not a conceivable option for this category of service, so the axis does not apply.
ai-native userPrevent my data from being used to train AI models
weight 3 · not comparableFidelity Private Sharesnone0/10No evidence in the pack addresses AI training data usage, opt-out controls, or any AI-related privacy policy for Fidelity Private Shares; the product is a cap table/equity management platform with no mention of AI model training at all.
ai-native userOpt out of telemetry and usage tracking
weight 2 · not comparableFidelity Private Sharesn/aFidelity Private Shares is a cap-table/equity management platform, not an AI agent or AI-native tool with telemetry/usage-tracking settings relevant to AI feature usage; the evidence pack contains no AI-related features at all, making this axis a category error for this product type.