BETA · CLAUDE-POWERED

Your equity deserves an angel

Cap Angel reads your offer letter, benchmarks your grant against the market, and tells you exactly what to negotiate — like having an early investor read your contract for you.

Analyze my offer See benchmarks

Free to use · Your offer never leaves the conversation

What you get

A real second opinion on the most important contract you'll sign.

AI Offer Analysis

Drop your offer letter and Cappy reads the fine print — strike price, vesting, dilution, the works. You get plain-English answers in seconds.

Equity Benchmarks

Compare your grant to anonymized data from peers at similar stage, role, and city. Know if you're in the 25th percentile or the 90th.

Exercise Guidance

When to exercise, when to wait, what AMT might cost you. Cappy walks through the math so you don't get blindsided at tax time.

How it works

Three steps. About two minutes.

Upload your offer letter (PDF or screenshot) or just describe it.

Analyze

Cappy extracts the key terms and benchmarks them against the market.

Decide

Get a clear read and the right questions to take back to the company.

Trusted by employees at

Stripe

OpenAI

Anthropic

Notion

Figma

Ramp

Linear

Vercel

Discord

Plaid

Names shown for context. Cap Angel is an independent product not affiliated with any company listed.

Common questions

Equity is confusing. We get it.

What's the difference between ISOs and NSOs?

ISOs (Incentive Stock Options) get preferential tax treatment if you hold long enough — long-term capital gains on the spread, but AMT may apply at exercise. NSOs (Non-qualified Stock Options) trigger ordinary income tax on the spread the moment you exercise. ISOs are only for employees; NSOs can go to anyone.

How do I tell if my strike price is reasonable?

Strike should equal the most recent 409A common stock valuation when your grant was issued. Common stock typically trades at a fraction of the preferred price (often 20–40%). If your strike is close to or above the latest preferred price, push back.

What questions should I ask before signing?

Total options outstanding (so you can compute your real %), latest 409A and post-money valuation, vesting schedule and cliff, post-termination exercise window, acceleration on change-of-control, and whether early exercise is allowed.

When should I exercise my options?

It depends. Early exercise (when allowed) starts the long-term capital gains clock and minimizes AMT exposure when the spread is small. Closer to a liquidity event, the math gets more complicated — model the AMT before you wire any money.

Are RSUs better than options?

RSUs are simpler — they vest into shares with ordinary income tax at vest, no exercise required. Options have more upside if the company grows, but only if the strike stays well below FMV. RSUs win at large public companies; options win when you believe in early-stage upside.

Got an offer in hand?

Cappy is ready. Drop the PDF and have a real conversation about what your equity is worth.

Start with Cappy