Key features

• Real-time cap table math. Pre-money and post-money valuations, price per share, new share issuance, and investor ownership, all updating live as you adjust inputs. Model dilution across exit scenarios before the ink is dry.
• 30+ legal variables, professional-grade output. Investment type, governance provisions, board composition, observer rights, anti-dilution, drag and tag along, pay-to-play, and vesting, all mapped to real legal language. Formal numbering and proper formatting, so it reads like it came from a law firm.
• Clause-by-clause risk scoring. Upload a term sheet and get every clause identified, categorized, and scored against market norms, with an Executive Brief, a Risk Severity Matrix, and a Negotiation Playbook of scripts, countermoves, and walk-away points.
• Exit scenario simulation. Cap table projections across multiple exit valuations, so you see exactly how each clause affects your ownership at $20M, $50M, $100M, and $500M. That 2x liquidation preference that looks fine today gets tested when the numbers get real.
• Built to finish the job. Accepts PDF, DOCX, or plain text and validates the document is actually a financing document first. Long analyses shift between server and browser so runs never time out, and results save automatically so you can come back or share with a co-founder without re-running.