Companies typically move off spreadsheets once a raise, new hire, or investor request outpaces manual tracking. On Cake, that trigger is often a priced round, a new equity grant, or an investor asking for a clean cap table on short notice. Spreadsheets struggle with dilution modeling, compliance, and version control as a company scales. Migration to Cake is free and takes 3-5 days. We reconcile your data so you go live with confidence.
A few moments tend to force the decision. A priced round means dilution math that a spreadsheet formula can quietly get wrong. A new hire with an equity grant adds another row that has to stay in sync with everything else. An investor asking for a current cap table on short notice turns into a scramble to reconcile version history across old files.
Spreadsheets don't fail all at once. They fail one formula error, one outdated copy, one missed update at a time, and the risk compounds as a company adds stakeholders, instruments, and rounds. There's no audit trail showing who changed what and when, which becomes a real problem the moment an investor or auditor asks for one.
The trigger is rarely the spreadsheet breaking outright. It's the moment a company can no longer answer a basic ownership question with confidence.
How Cake replaces the spreadsheet without the migration headache
Migration to Cake is free and takes 3-5 days. Every row of the existing cap table gets reconciled before go-live, so a company moves off spreadsheets with confidence instead of starting over. From there, dilution modeling, compliance tracking, and version history are built into the platform instead of living in formulas, so the same trigger moments don't force another scramble later.
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