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Term sheet on the table?

Read it like a Series A founder.
Not a first-time one.

Most founders only run the dilution math after they've signed. By then the negotiation is over. ClearCap reads your term sheet, shows you exactly what it does to your stake, and tells you where to push back — in your context, in plain English.

Free during beta · Photo of the term sheet works · 6 minutes to your first answer
9:41 ●●●●
Term sheet · 2h ago
Tributary at $8M pre.
Today
You own 45%
If you sign
You'd own 32.5%
Diluted by 12.5 points
Want me to walk through the dilution math?
< 10%
Of first-time founders can correctly distinguish pre-money from post-money when negotiating their first term sheet.
88%
Of pre-seed rounds are done on SAFEs — which compound dilution silently until the priced round.
$200M+
Equity founders leak each year to terms they didn't understand. Don't be the leak.
Carta and Pulley store the cap table you already have. ClearCap tells you whether to sign the next one.
What it does

Three things. Done well.

Photograph your docs. Get a live cap table.

Snap your incorporation docs and any SAFEs. ClearCap parses them, builds your cap table, and tracks ownership, dilution, and option pool in one screen. No spreadsheet imports. No Carta migration.

Watch the term sheet play out.

Drag raise, pre-money, option pool. Ownership moves live. See exit math at $50M, $100M, $500M — net of liquidation preferences. The number on the term sheet, translated into the number that ends up in your pocket.

Ask anything. In your numbers.

The advisor has your cap table, your SAFEs, and the term sheet loaded. "Is the pool top-up standard?" "Should I push back on the board seat?" "Draft me a counter." It answers in your context, with your numbers.

How it works

Term sheet to "I understand this" in six minutes.

  1. 01

    Snap your incorporation docs. 30 seconds

    Take a photo of your cert of incorporation and any SAFEs you've already raised. ClearCap parses them and builds your live cap table. No spreadsheets, no manual entry.

  2. 02

    Drop in the term sheet. 90 seconds

    Photo or PDF. ClearCap extracts the raise, valuation, option pool, liquidation preference, board terms — everything that matters and a few things the cover page hides.

  3. 03

    Ask the advisor anything. 4 minutes

    "Walk me through the dilution." "Is the option pool top-up standard?" "How do I push back on the board seat?" "Draft me a counter-offer." It has your numbers loaded and tells you in your context.

Common questions

Asked, answered.

Is this a real cap-table tool, or just chat with a hint of math?

Real cap-table tool. ClearCap reads your docs, models SAFE conversions, handles option pool top-ups in pre-money, and renders ownership at every round. The advisor is the wrapper, not the whole product.

Does this replace my lawyer?

No. ClearCap won't draft your closing documents. It will give you the math, the negotiation flags, and the questions to ask — so by the time you're paying lawyer hours, you're not paying for explanation.

Why not just use Carta or Pulley?

They store the cap table you already have. We tell you whether to sign the next one. Different product, different moment. Use both if you want.

What happens to my data?

Encrypted at rest. We don't share it with investors, lawyers, or anyone. Beta access requires no payment info — we want signal, not credit cards.

Free during beta

Your next term sheet, fully understood.

We're testing with a small cohort of pre-seed and seed-stage founders. No payment info. No spreadsheet imports. Pricing kicks in at GA — likely $29/month, less than one billable lawyer-hour.