// ═══════════════════════════════════════════════════════════════════ // RAISABLE — THE INVESTMENT PROJECT (window.RAISABLE) // Canonical source: Raisable-Investor-Hub (uploads/Raisable-Investor-Hub.html) // + founder corrections of Jun 12, 2026. // // HONEST BASELINE (by design — no fake data): // · NOT YET INCORPORATED — docs in draft · target Jul 1, 2026 · no EIN // · $0 committed · $0 revenue · $0 cash — pre-revenue by design // · Team: 4 founders, no other employees // · Brokers: SPCP · Texture Capital · tZero — handshakes, NO contracts // // SEPARATION OF CONCERNS (explicit, by design): // · RAISABLE BUSINESS — the operating company twin (Control plane). // · RAISABLE INVESTMENT — Raisable AS AN ISSUER on its own platform: // offerings under Operations · Projects; objects under Ontology; // the investor-facing DOSSIER under Analytics · Investor Intelligence. // // PII POLICY: no investor identities at rest. Account-level data stays // with the broker of record (once engaged). Demand aggregates only. // ═══════════════════════════════════════════════════════════════════ (function () { // ── SOURCE REGISTRY — every datapoint cites exactly ONE source: // a data-room Document (DOC-NNN · all drafts), the offering Settings, // or the issuer Onboarding profile. const SRC = { "DOC-001": { kind: "doc", name: "Business Plan / Investor Hub (draft)", file: "data-room/DOC-001-business-plan.md", uploaded: "28 May", parsed: "28 May" }, "DOC-002": { kind: "doc", name: "Articles of Incorporation (draft · WY)", file: "uploads/1_Articles_of_Incorporation_Raisable.docx", uploaded: "28 May", parsed: "28 May" }, "DOC-003": { kind: "doc", name: "YC Post-Money SAFE Instrument (draft)", file: "data-room/DOC-003-safe-instrument.md", uploaded: "30 May", parsed: "30 May" }, "DOC-004": { kind: "doc", name: "Investor List (broker-held · empty)", file: "data-room/DOC-004-investor-list.md", uploaded: "30 May", parsed: "30 May" }, "DOC-005": { kind: "doc", name: "Private Placement Memorandum (draft)", file: "data-room/DOC-005-ppm.md", uploaded: "30 May", parsed: "31 May" }, "DOC-006": { kind: "doc", name: "Form D Worksheet (draft)", file: "data-room/DOC-006-form-d-worksheet.md", uploaded: "31 May", parsed: "31 May" }, "DOC-007": { kind: "doc", name: "Form C Outline (draft · Reg CF)", file: "data-room/DOC-007-form-c-outline.md", uploaded: "31 May", parsed: "31 May" }, "DOC-008": { kind: "doc", name: "Campaign Perks Schedule (draft)", file: "data-room/DOC-008-campaign-perks.md", uploaded: "31 May", parsed: "1 Jun" }, "DOC-009": { kind: "doc", name: "Broker Conversations Log (unsigned)", file: "data-room/DOC-009-broker-mou-notes.md", uploaded: "1 Jun", parsed: "1 Jun" }, "DOC-010": { kind: "doc", name: "Financial Model (projections)", file: "data-room/DOC-010-financial-model.md", uploaded: "28 May", parsed: "29 May" }, "DOC-011": { kind: "doc", name: "Initial Stock Ledger (draft)", file: "uploads/4_Initial_Stock_Ledger_Raisable.docx", uploaded: "30 May", parsed: "30 May" }, "DOC-012": { kind: "doc", name: "TX Strategic Alliance Proposal (unsigned · 14 May 2026)", file: "uploads/Raisable-tx-Partnership-Memo.docx", uploaded: "16 Jun", parsed: "16 Jun" }, "DOC-013": { kind: "doc", name: "CoreNest Call Brief (internal)", file: "uploads/CoreNest-Call-Brief.pdf", uploaded: "16 Jun", parsed: "16 Jun" }, "settings": { kind: "settings", name: "Offering Settings", file: "platform · offering configuration", uploaded: "live", parsed: "live" }, "onboarding": { kind: "onboarding", name: "Onboarding Profile", file: "platform · issuer onboarding", uploaded: "live", parsed: "live" }, }; const DOC_COUNT = Object.values(SRC).filter((s) => s.kind === "doc").length; // ── CLASSIFICATION VOCABULARY — every fact & claim carries one ───── const CLASS = { V: { label: "verified", tone: "ok", note: "externally checkable — filed, registered or public data" }, P: { label: "self-reported",tone: "warn", note: "issuer-stated · unverified until evidence lands" }, A: { label: "assumption", tone: "info", note: "market narrative without a cited source" }, H: { label: "hypothesis", tone: "neutral", note: "forward-looking plan or model target — not a present fact" }, Q: { label: "questionable", tone: "err", note: "in the contradiction register — resolve before launch" }, }; // ── KB MEMORY KEYS — instances of ENT-kbkey, one source each ────── // [key, value, source, group, class, confidence 0–100] // confidence → tone: ≥75 green · 45–74 yellow · <45 red (confTone) const KB = [ // company — nothing exists legally yet; profile is issuer-stated ["company.legal_name", "Raisable Inc. — WY articles in DRAFT, unfiled", "DOC-002", "company", "P", 72], ["company.status", "Not yet incorporated · target July 1, 2026", "onboarding", "company", "P", 85], ["company.entity_type", "C-Corporation — per draft WY articles", "DOC-002", "company", "P", 70], ["company.state", "Wyoming — W.S. §§17-16-101 (draft articles)", "DOC-002", "company", "P", 70], ["company.registered_agent","InCorp Services · 1910 Thomes Ave, Cheyenne WY", "DOC-002", "company", "P", 75], ["company.authorized_shares","10,000,000 @ $0.001 par — Class A 9M (10× votes) + Class B 1M pool", "DOC-002", "company", "P", 78], ["company.founder_split", "Class A 30 / 20 / 20 / 20 — all unvested per RSPA", "DOC-011", "company", "P", 75], ["company.parent", "Stobox group — operating since 2018 · 100+ issuer engagements", "DOC-013", "company", "P", 70], ["company.ein", "None — SS-4 filed after incorporation", "onboarding", "company", "P", 80], ["company.website", "raisable.ai", "onboarding", "company", "P", 85], ["company.team", "4 founders — no other employees", "onboarding", "company", "P", 88], ["company.industry", "FinTech / RegTech — capital-formation intelligence","onboarding", "company", "P", 78], // traction — honest zero baseline ["traction.status", "Pre-revenue · pre-incorporation — product in dev", "onboarding", "traction", "P", 80], ["traction.customers", "0 — design-partner conversations only", "onboarding", "traction", "P", 72], ["traction.partnerships", "TX & Texture Capital alliance — at signature · SPCP · tZero conversations", "DOC-012", "traction", "P", 68], ["alliance.parties", "Stobox · Raisable · TX · Texture Capital — alliance · definitive docs in signing", "DOC-012", "traction", "P", 75], ["alliance.tx_equity", "TX 5–10% founding tier — contingent: capital intro + Texture BD of record · vests on both", "DOC-012", "traction", "P", 72], ["alliance.tokenization", "TX — tokenization provider for the post-raise token path", "DOC-012", "traction", "P", 68], ["alliance.capital_intro", "CoreNest Capital + TX relationships — anticipated capital channel", "DOC-012", "traction", "H", 45], ["traction.parent_pipeline","Stobox issuer pipeline feeds top-of-funnel from day one", "DOC-013", "traction", "H", 45], // financials — no entity, no statements ["fin.revenue", "$0 — pre-revenue", "onboarding", "financials","P", 85], ["fin.cash", "$0 — founder-funded to date", "onboarding", "financials","P", 78], ["fin.debt", "$0 — no entity, no facilities", "onboarding", "financials","P", 78], ["fin.runway", "None independent — raise-dependent", "onboarding", "financials","P", 80], // market — from the Investor Hub; EDGAR-checkable rows are V ["mkt.problem_pool", "$3–5B/yr US legal + compliance spend on offerings", "DOC-001", "market", "A", 40], ["mkt.revenue_tam", "$400–600M/yr addressable at ~$7K ACV", "DOC-001", "market", "A", 38], ["mkt.sam", "$120–180M/yr — reachable issuers via CBS + broker", "DOC-001", "market", "A", 35], ["mkt.som", "3-yr SOM $5–10M ARR (~700–1,400 issuers)", "DOC-001", "market", "H", 30], ["mkt.formd_volume", "~75,000 Form D claim · SEC EO stats: 55,162 exempt-offering filings in 2024 (−4.5% YoY)", "DOC-001", "market", "V", 86], ["mkt.median_raise", "Median operating-company raise ~$3M", "DOC-001", "market", "V", 75], ["mkt.exit_comp", "Computershare ÷ Corporate Creations · $142.9M · ~4.1× revenue (verified 5 Feb 2020)", "DOC-001", "market", "V", 92], // offering — Reg D 506(c) — issuer-configured, nothing signed/filed ["rd.amount", "$2,000,000 of the $2.7M combined", "settings", "reg-d", "P", 78], ["rd.security", "YC post-money SAFE · $16M valuation cap", "DOC-003", "reg-d", "P", 80], ["rd.dilution", "~16.9% combined SAFE dilution at full $2.7M", "settings", "reg-d", "P", 72], ["rd.min_investment", "$1,000 per investor", "settings", "reg-d", "P", 70], ["rd.broker", "Texture Capital — alliance BD of record (at signature) · SPCP / tZero backup", "DOC-012", "reg-d", "P", 65], ["rd.verification", "506(c) accreditation check — provider TBD", "settings", "reg-d", "P", 55], ["rd.launch", "Target Sep 2026 — after incorporation + BD signed", "settings", "reg-d", "H", 45], ["rd.form_d", "Within 15 days AFTER first sale (Rule 503)", "DOC-006", "reg-d", "V", 90], // offering — Reg CF — sequenced after incorporation ["cf.target", "$700,000 of the $2.7M combined", "settings", "reg-cf", "P", 78], ["cf.security", "Same YC SAFE via funding portal", "settings", "reg-cf", "P", 65], ["cf.portal", "Funding portal — not yet selected", "settings", "reg-cf", "P", 50], ["cf.form_c", "Cannot file pre-incorporation — drafting after Jul 1", "DOC-007", "reg-cf", "V", 85], ["cf.window", "Target Q4 2026 — post-filing", "settings", "reg-cf", "H", 45], // plan — model targets from the hub; all forward-looking ["plan.pricing", "ARPA $3.6–12K/yr (Launch·Growth·Scale) · base tiers $199–499/mo", "DOC-001", "plan", "H", 58], ["plan.economics", "Targets: GM ~80% · CAC $500–800 · LTV/CAC 17–28×", "DOC-010", "plan", "H", 35], ["plan.use_of_proceeds", "Team 35 · AI infra 30 · Product 20 · GTM 15", "DOC-001", "plan", "H", 60], ["plan.milestones", "5–10 closes on-platform · 30–50 paying · ~$1M ARR run-rate", "DOC-001", "plan", "H", 40], ["plan.series_a", "$8–12M priced A in 15–18 mo at $25–50M pre", "DOC-001", "plan", "H", 25], ["plan.exit", "Strategic M&A Series B/C · CSC · Vistra · TMF · Computershare", "DOC-001", "plan", "H", 30], ].map(([key, value, source, group, cls, conf]) => ({ key, value, source, group, cls, conf })); // confidence → traffic-light tone (shared by every datapoint renderer) const confTone = (n) => (n >= 75 ? "ok" : n >= 45 ? "warn" : "err"); const classCounts = () => { const c = { V: 0, P: 0, A: 0, H: 0, Q: 0 }; KB.forEach((f) => { c[f.cls] = (c[f.cls] || 0) + 1; }); return c; }; // ── FOUNDERS (cap table set at incorporation — DOC-011) ─────────── const CAPTABLE = [ // per draft Initial Stock Ledger (DOC-011 · unfiled). All Class A // unvested per RSPA; struck-through vesting clauses in the draft are // pending CLO removal and are NOT cited here. { holder: "Yevgen Dyeyev", role: "CEO & Chairman · Sole Director", cls: "A", shares: 3000000, pct: 30 }, { holder: "Rostyslav-Pavlo Shemeliak", role: "COO", cls: "A", shares: 2000000, pct: 20 }, { holder: "Maksym Rafalsky", role: "Head Legal Officer", cls: "A", shares: 2000000, pct: 20 }, { holder: "Vladyslav Gudzenko", role: "CTO", cls: "A", shares: 2000000, pct: 20 }, { holder: "Advisor pool — reserved", role: "unissued until Board RSAs", cls: "B", shares: 1000000, pct: 10 }, ]; // ── THE TWO OFFERINGS — $2.7M combined on one YC post-money SAFE ── const OFFERINGS = [ { id: "OFF-RD-2026", label: "Seed · Reg D 506(c)", exemption: "EX-506c", state: "in-prep", security: "YC post-money SAFE — same instrument across both paths", unitPrice: "$16M valuation cap", units: "~16.9% dilution at full $2.7M", target: 2000000, max: 2000000, raisedCommitted: 0, minInvestment: 1000, valuation: "$16M post-money cap", broker: null, portal: null, rails: "Texture Capital — alliance BD of record (at signature) · SPCP / tZero backup", fees: "Placement fees — set in the alliance definitive documents (in signing)", verification: "506(c) — accreditation verification required before any sale; provider to be selected", audience: "Accredited only (no investor cap) · general solicitation permitted", timeline: [ { date: "Jun 12, 2026", what: "Data-room drafts staged (plan · SAFE · PPM · worksheet)", done: true }, { date: "Jul 1, 2026", what: "Incorporation — articles filed (target start date)", done: false }, { date: "Jul 15, 2026", what: "EIN · bank account · SAFE becomes issuable", done: false }, { date: "Aug 2026", what: "Alliance definitive docs executed — Texture Capital BD of record", done: false }, { date: "Sep 2026", what: "Launch — general solicitation (anchor preferred)", done: false }, { date: "Q4 2026", what: "Target first close · Form D within 15 days after", done: false }, ], perks: [ { tier: "$1,000 – $9,999", perk: "Founder access · quarterly CEO briefings + community event", cap: "Unlimited" }, { tier: "$10,000 – $49,999", perk: "Executive mentorship (2×1h) + monthly investor newsletter", cap: "First 15" }, { tier: "$50,000+", perk: "Board observer seat (24 mo) + quarterly partner summits", cap: "Max 3" }, ], }, { id: "OFF-CF-2026", label: "Community · Reg CF", exemption: "EX-cf", state: "sequenced", security: "Same YC post-money SAFE, offered via funding portal", unitPrice: "$16M valuation cap", units: "shared across the $2.7M round", target: 700000, max: 700000, raisedCommitted: 0, minInvestment: 1000, valuation: "$16M post-money cap", broker: null, portal: null, rails: "Funding portal — not yet selected · broker advisor TBD", fees: "Portal + advisor fees — set when the portal is selected", verification: "Open to all investors via portal · Reg CF investment limits apply", audience: "Anyone (retail + accredited) via portal", timeline: [ { date: "Jun 12, 2026", what: "Form C outline + perks schedule drafted", done: true }, { date: "Jul 1, 2026", what: "Incorporation (shared gate with Reg D)", done: false }, { date: "Aug 2026", what: "Portal selected · inception statements CPA-reviewed", done: false }, { date: "Sep 2026", what: "Form C files with the SEC (target)", done: false }, { date: "Oct 2026", what: "Campaign opens (target)", done: false }, { date: "Q1 2027", what: "Close window", done: false }, ], perks: [ { tier: "$1,000 – $4,999", perk: "1-year Early Access beta license + priority support", cap: "Unlimited" }, { tier: "$5,000 – $24,999", perk: "Enterprise onboarding + quarterly business reviews", cap: "First 12" }, { tier: "$25,000+", perk: "18-mo white-label license + advisory board seat", cap: "First 3" }, ], }, ]; // ── INVESTOR DEMAND — AGGREGATES ONLY · honest zero state ────────── const DEMAND = { source: "DOC-004", asOf: "Jun 12, 2026", piiNote: "Account-level names, checks and subscription documents will stay with the broker of record (once engaged). The platform stores demand aggregates only — no investor PII at rest.", accounts: 0, committedAccounts: 0, committed: 0, target: 2000000, largestCheck: 0, leadProfile: "none yet", verification: "506(c) accreditation verification required before any sale — provider not yet selected", byType: [], byGeo: [], byBand: [], funnel: [], }; // ── FINANCIAL BASELINE + PLAN — no entity, no statements ─────────── const FINANCIALS = { asOf: "Jun 12, 2026 · pre-incorporation — no entity, no statements", revenueYTD: 0, cash: 0, snapshot: [ ["entity status", "not incorporated — docs in draft (Jul 1)"], ["revenue to date", "$0 — pre-revenue"], ["cash on hand", "$0 — founder-funded"], ["debt", "$0 — no entity, no facilities"], ["independent runway", "none — raise-dependent"], ["post-raise runway", "12–18 mo · milestone-bound"], ["planned burn (full team)","~$150–185K / mo"], ], revMix: [], revMixNote: "No revenue yet. Base tiers $199–499/mo; blended ARPA $3.6–12K/yr — typical issuer ~$5–10K (DOC-001).", arrRamp: [ { year: "2026", arr: 0, customers: 0 }, { year: "2027", arr: 1000000, customers: 40 }, { year: "2028", arr: 3000000, customers: 250 }, { year: "2029", arr: 6500000, customers: 700 }, { year: "2030", arr: 10000000, customers: 1400 }, ], milestones: [ { when: "M3–6", what: "First 5–10 offerings close on-platform — the PMF signal" }, { when: "M6–9", what: "30–50 paying issuers · rails locked (BD + 2 CBS partnerships signed)" }, { when: "M12", what: "~$1M ARR run-rate (~$80–100K MRR) · modules 2–3 shipped" }, { when: "M15–18", what: "Series A · $8–12M at $25–50M pre (hypothesis)" }, ], }; const USE_OF_PROCEEDS = [ { cat: "Team & agentic engineering", pct: 35, note: "~$945K — CMO, Head of Product, Agentic dev lead + eng/ops on the founding team" }, { cat: "AI infrastructure", pct: 30, note: "~$810K — token consumption and the agent stack behind the documentation engine" }, { cat: "Product — modules 2–3", pct: 20, note: "~$540K — fit-scoring and distribution modules on the same agentic backbone" }, { cat: "GTM & partnerships", pct: 15, note: "~$405K — BD network and CBS-provider partnerships, the partner-led channel" }, ]; const FILINGS = [ { id: "FIL-inc", name: "Incorporation (articles)", status: "due", detail: "In draft — target filing Jul 1, 2026. Gates EIN, bank, SAFE issuance and every filing below" }, { id: "FIL-ein", name: "EIN (Form SS-4)", status: "pending", detail: "Filed immediately after incorporation — required for bank, escrow and any SEC filing" }, { id: "FIL-formc", name: "Form C (Reg CF)", status: "future", detail: "Cannot file pre-incorporation — requires CPA-reviewed inception statements · target Sep 2026" }, { id: "FIL-formd", name: "Form D (Reg D 506(c))", status: "future", detail: "Within 15 days AFTER first sale (Rule 503) — first close targeted Q4 2026" }, { id: "FIL-bluesky",name: "State blue-sky notices", status: "future", detail: "Per-state notices within 15 days of first sale in each state" }, ]; // ── THE DOSSIER — the analysis layer over the facts ──────────────── const DOSSIER = { thesis: { headline: "The financial socket of regulated capital formation — raising on the story it sells.", pillars: [ { t: "The wedge", d: "$50–150K / 3–6 mo of legal work collapsed to a $3.6–12K/yr subscription. ~75K Form D filings/yr (DOC-001)." }, { t: "The compounding loop", d: "Each offering feeds the broker-acceptance dataset. The moat is the learning loop over what clears review — not the documents." }, { t: "Partner-led CAC", d: "CBS providers and brokers already hold the issuers, paid on success. CAC $500–800 vs ~$14K GM-LTV (target)." }, { t: "Honest baseline", d: "Pre-incorporation, pre-revenue, $0 committed. Priced on the milestone set, not on traction." }, ], counterweight: "Counterweight: no company yet — incorporation, EIN, bank, a signed broker and first paying issuers all sit between this story and a closeable round.", }, verdict: { headline: "A pre-company with a complete story. Everything gates on July 1 — incorporate first, then sign one rail.", body: "Coherent narrative; market primary-sourced (SEC: 55,162 exempt offerings 2024; exit comp ~4.1× rev) and corporate package drafted to filing standard. But nothing exists legally — no entity, EIN, bank, signed broker or portal; $0 committed. TX & Texture alliance at signature, not executed. The zero baseline is the strength; the incorporate → EIN → BD → launch chain is the critical path, and every date moves with Jul 1.", confidence: 48, pills: [["facts sourced", KB.length + " / " + KB.length], ["contradictions", "3 open · 2 noted · 1 resolved"], ["committed capital", "$0 — pre-launch"]], }, findings: [ { cls: "V", text: "Market is real and primary-sourced — 55,162 exempt offerings in 2024 (SEC); exit comp ~4.1× revenue (Computershare / Corporate Creations, $142.9M)." }, { cls: "P", text: "Everything company-side is self-reported — no entity, EIN or statements until Jul 1 incorporation." }, { cls: "P", text: "TX & Texture alliance at signature, not executed; no portal selected. SPCP / tZero are backup rails." }, { cls: "H", text: "All economics (GM ~80%, CAC $500–800, LTV/CAC 17–28×) are model targets — zero operating data." }, { cls: "A", text: "Market sizing ($3–5B pool · $400–600M TAM) states a method but cites no source (GAP-04)." }, ], strengths: [ "One instrument, two paths — a single YC SAFE ($16M cap) across Reg D 506(c) + Reg CF.", "Corporate package drafted to filing standard — WY articles, Class A/B, 4-founder ledger (DOC-002 · DOC-011).", "Honest zero baseline — no traction claims to defend, no restatement risk.", "Founding-tier alliance at signature — capital intro (CoreNest), BD of record and the TX tokenization rail in one package.", "Milestone-priced — 5–10 closes, 30–50 paying, ~$1M run-rate; not on what exists today.", ], watch: [ "No legal entity — every downstream date (EIN, bank, SAFE issuance, filings) moves with the Jul 1 incorporation.", "The raise is existential — $0 cash, founder funding only; a failed close is a shutdown scenario.", "Alliance at signature but not executed — portal and verification provider are still open selections.", "Concurrent-offering communications: 506(c) solicitation vs portal-only Reg CF rules must not cross once live.", "Dilution stack unmodeled — SAFE ~16.9% + TX 5–10% founding tier + 10% Class B pool compound before any priced round (GAP-07).", ], asks: [ "Articles filed on Jul 1; EIN and bank account within two weeks (GAP-01 · GAP-02).", "Alliance definitive docs executed — Texture Capital as BD of record (GAP-03).", "1–2 anchor commitments ($250K+) before general solicitation opens (GAP-05).", "'Live product' claim reconciled to demo-stage reality across investor materials (X-01).", ], verification: [ { claim: "~75,000 Form D filings/yr · $2T+ raised", finding: "SEC Exempt-Offering stats: 55,162 filings in 2024 (−4.5% YoY). Hub's ~75K figure runs above SEC's count — re-source from DERA before quoting (GAP-04).", cls: "V" }, { claim: "Exit comp — Corporate Creations at $142.9M", finding: "Confirmed — Computershare acquired Corporate Creations for $142.9M (Feb 2020); ~$34.9M LTM rev → ~4.1×. Primary source.", cls: "V" }, { claim: "Cap table & ownership — WY public record", finding: "WY discloses no owners — only name, agent, address. The 9M/1M split and 30/20/20/20 ledger rest on draft articles + RSPA (GAP-07).", cls: "P" }, { claim: "Entity of record — WY Secretary of State", finding: "No 'Raisable Inc.' on the WY register at diligence — consistent with pre-incorporation (GAP-01).", cls: "P" }, { claim: "Core IP — template library + fine-tuned models", finding: "IP asserted via work-for-hire assignments (internal). No registered US trademark/patent found — unregistered, self-attested.", cls: "P" }, { claim: "Form D timing — after first sale", finding: "Rule 503 confirmed: 15 days after first sale. Worksheet had it backwards; corrected (X-02).", cls: "V" }, { claim: "Raisable Inc. — Wyoming C-Corp", finding: "Does not exist yet. Articles drafted to filing standard (DOC-002); nothing filed.", cls: "P" }, { claim: "4 founders · product in development", finding: "Onboarding-stated. No employees, no payroll, no entity to employ them.", cls: "P" }, { claim: "TX & Texture alliance · SPCP · tZero", finding: "At signature (DOC-012): TX 5–10% founding tier contingent on cap intro (CoreNest) + Texture as BD; TX provides tokenization. Not executed; SPCP / tZero backup.", cls: "P" }, { claim: "Dual-class cap structure — 9M Class A + 1M Class B", finding: "Draft articles and ledger consistent (30/20/20/20, unvested per RSPA). Struck vesting clauses pending CLO removal.", cls: "P" }, { claim: "$2.7M on a YC SAFE at $16M cap (~16.9%)", finding: "Issuer-configured; SAFE drafted (DOC-003). No entity exists to issue it.", cls: "P" }, { claim: "GM ~80% · CAC $500–800 · LTV/CAC 17–28×", finding: "Model targets (DOC-010) — zero operating data; Series A gates on proving them.", cls: "H" }, { claim: "$3–5B problem pool · $400–600M revenue TAM", finding: "Method stated (filings × cost) but no named source (GAP-04).", cls: "A" }, ], contradictions: [ { id: "X-01", a: "DOC-001 hub: 'Live, agent-driven product'", b: "Onboarding: product in development · 0 customers", conflict: "'Live' reads as in-production; reality is demo-stage", sev: "high", fix: "Reconcile to 'working agent demo' until a first issuer runs end-to-end." }, { id: "X-02", a: "DOC-006 worksheet: 'Form D due before first sale'", b: "Rule 503: Form D due within 15 days AFTER first sale", conflict: "Worksheet draft has the filing trigger backwards", sev: "med", fix: "Corrected here; fix the worksheet before counsel." }, { id: "X-03", a: "Settings: Reg CF campaign target Q4 2026", b: "Dependency chain: incorporation → CPA-reviewed inception statements → portal → Form C", conflict: "Four sequential gates against a one-quarter window", sev: "low", fix: "Schedule risk: any Jul 1 slip pushes the CF window into 2027." }, { id: "X-04", a: "DOC-002 / DOC-011: Effective Date May 20, 2026", b: "Onboarding: not incorporated · target start Jul 1", conflict: "Draft corp docs carry a stale effective date", sev: "med", fix: "Refresh effective dates at filing; CLO to strip struck vesting/repurchase clauses." }, { id: "X-05", a: "DOC-001 hub: $3.6–12K / yr (ARPA)", b: "DOC-013 brief: subscription tiers $199–499 / mo", conflict: "Resolved — not a conflict: ARPA vs base tiers", sev: "low", fix: "Resolved — hub figure is blended ARPA, brief lists base tiers. Label each consistently." }, { id: "X-06", a: "DOC-013 brief: '100k+ Reg D filings per year'", b: "DOC-001 hub canon: ~75K filings · ~35K new — 'don't quote 100k+'", conflict: "The brief uses the exact figure the hub bans", sev: "low", fix: "Align the brief to the ~75K / ~35K framing before the CoreNest call." }, ], gaps: [ { id: "GAP-01", gap: "Incorporation", affects: "company.* — everything gates on it", today: "Articles drafted (DOC-002), unfiled; no entity.", closes: "File WY articles (Jul 1), dates refreshed (X-04) — unlocks EIN, bank, SAFE, filings.", due: "Jul 1, 2026", sev: "high" }, { id: "GAP-02", gap: "EIN + bank / escrow account", affects: "fin.* · SAFE closing mechanics", today: "No EIN, no account — checks can't clear.", closes: "SS-4 post-incorporation; account on the EIN.", due: "mid-Jul 2026", sev: "high" }, { id: "GAP-03", gap: "Alliance execution", affects: "rd.broker (P · conf 65)", today: "Alliance at signature — docs circulating, not countersigned (DOC-012).", closes: "Execute definitive docs — Texture as BD, TX vesting starts; SPCP / tZero backup.", due: "before launch", sev: "high" }, { id: "GAP-04", gap: "Market-sizing citations", affects: "mkt.* — 3 facts (A)", today: "Pool/TAM/SAM cite no source; SEC's 55,162 (2024) anchors below the hub's ~75K.", closes: "Re-derive from SEC DERA; retire the ~75K figure.", due: "before PPM final", sev: "med" }, { id: "GAP-05", gap: "Anchor commitment", affects: "DEMAND — $0 committed", today: "Opens cold; no lead to anchor the SAFE.", closes: "1–2 anchor checks ($250K+) before solicitation.", due: "before launch", sev: "high" }, { id: "GAP-06", gap: "Portal + verification provider", affects: "cf.portal · rd.verification", today: "No portal selected; no 506(c) verifier contracted.", closes: "Contract both — portal gates Form C, verifier gates any Reg D sale.", due: "Aug 2026", sev: "med" }, { id: "GAP-07", gap: "Dilution stack model", affects: "rd.dilution · alliance.tx_equity · company.founder_split", today: "SAFE ~16.9% + TX 5–10% + 10% Class B stated, never compounded.", closes: "One pro-forma cap table across all three before the TX session.", due: "before TX session", sev: "med" }, ], readiness: [ { path: "Reg D 506(c) — Seed · $2.0M", verdict: "blocked on incorporation", note: "Drafts are staged; nothing can launch until the entity exists and one broker contract is signed.", items: [ { what: "Data-room drafts staged (plan · SAFE · PPM · worksheet)", ok: true, note: "DOC-001 · DOC-003 · DOC-005 · DOC-006" }, { what: "Entity incorporated", ok: false, note: "GAP-01 · target Jul 1" }, { what: "EIN + bank account", ok: false, note: "GAP-02 · after incorporation" }, { what: "Alliance definitive docs executed", ok: false, note: "GAP-03 · at signature" }, { what: "Accreditation verification provider", ok: false, note: "GAP-06 · provider TBD" }, { what: "Anchor demand secured", ok: false, note: "GAP-05 · $0 committed" }, ] }, { path: "Reg CF — Community · $700K", verdict: "sequenced behind Reg D", note: "Four gates stack ahead of the Form C: entity → reviewed inception statements → portal → filing. Window: Q4 2026, at risk (X-03).", items: [ { what: "Form C outline drafted", ok: true, note: "DOC-007" }, { what: "Perks schedule drafted", ok: true, note: "DOC-008 · portal review later" }, { what: "Entity + CPA-reviewed inception statements", ok: false, note: "GAP-01 · GAP-02" }, { what: "Funding portal selected", ok: false, note: "GAP-06" }, { what: "Form C filed with the SEC", ok: false, note: "target Sep 2026" }, ] }, ], actions: [ { n: 1, action: "File the drafted WY articles on Jul 1 (effective dates refreshed); EIN and bank within two weeks", rationale: "Everything downstream of the entity existing (GAP-01/02 · X-04).", pri: "P0", impact: "Critical" }, { n: 2, action: "Execute the TX & Texture alliance definitive documents", rationale: "At signature ≠ signed — BD, cap intro and tokenization rail all hang on it (GAP-03).", pri: "P0", impact: "Critical" }, { n: 3, action: "Reconcile the 'live product' language to demo-stage reality", rationale: "Diligence will test the claim; hub canon requires honesty on status (X-01).", pri: "P1", impact: "High" }, { n: 4, action: "Secure 1–2 anchor commitments before solicitation opens", rationale: "A cold $2.7M ask needs a lead; CoreNest (via TX) is the live candidate (GAP-05).", pri: "P1", impact: "High" }, { n: 5, action: "Model the full dilution stack before the TX principal-level session", rationale: "Three dilution layers stated separately, never compounded (GAP-07).", pri: "P1", impact: "High" }, { n: 6, action: "Select and contract the portal + verification provider", rationale: "The portal gates the Form C; the verifier gates any 506(c) sale (GAP-06).", pri: "P2", impact: "Med" }, { n: 7, action: "Label pricing figures as ARPA vs base tier everywhere; align the filing-volume figure", rationale: "Label ARPA vs tiers consistently; brief still quotes the banned 100k+ stat (X-06).", pri: "P2", impact: "Med" }, ], capital: { note: "One YC SAFE ($16M cap, ~16.9% dilution) split $2.0M Reg D 506(c) + $700K Reg CF. No token at issuance; TX provides the tokenization rail as post-raise optionality.", paths: [ { id: "OFF-RD-2026", name: "Reg D 506(c) — the anchor · $2.0M", role: "institutional capital", points: [ "$16M-cap YC SAFE — standard paper, no priced round before Series A.", "506(c): general solicitation; every check accreditation-verified (provider TBD).", "$0 committed; anchor-first launch (GAP-05).", ] }, { id: "OFF-CF-2026", name: "Reg CF — the community · $700K", role: "customers as holders", points: [ "Same SAFE via funding portal — one cap-table entry.", "Open to everyone; Reg CF investment limits protect retail.", "Sequenced behind incorporation + CPA-reviewed statements + portal (X-03).", ] }, ], steps: [ { n: "T0", title: "Drafts staged · Jun 2026", body: "Plan, SAFE, PPM, worksheets, Form C outline — all drafts. Nothing filed or signed; $0 committed.", pills: ["DOC-001", "GAP-03"] }, { n: "T1", title: "Incorporate · Jul 1", body: "Articles filed → EIN → bank/escrow. SAFE becomes issuable; statements begin.", pills: ["GAP-01", "GAP-02"] }, { n: "T2", title: "Rails signed · Aug 2026", body: "Alliance docs executed — Texture as BD, TX vests on cap intro; portal + verifier contracted.", pills: ["GAP-03", "GAP-06"] }, { n: "T3", title: "Launch · Sep 2026 (target)", body: "506(c) opens — anchored if GAP-05 closes; Form C files on statement review.", pills: ["GAP-05"] }, { n: "T4", title: "First close · Q4 2026", body: "Form D ≤15 days after first sale (Rule 503); blue-sky follows; CF into Q1 2027 if needed.", pills: ["X-02", "X-03"] }, ], discipline: "Once live, keep 506(c) and CF materials segregated — portal-only for Reg CF, accredited-targeted for Reg D — so the offerings don't integrate.", }, }; // ── RISK REGISTER — the downside, categorized & rated ────────────── DOSSIER.risks = [ { id: "RK-01", cat: "Existential", title: "The raise is the runway", sev: "high", desc: "$0 cash, founder-funded only — a failed close is a shutdown scenario, not a down round.", mitig: "Anchor-first launch (GAP-05); hold burn near $0 until the entity and one rail are live." }, { id: "RK-02", cat: "Execution", title: "Everything gates on Jul 1 incorporation", sev: "high", desc: "No entity, EIN, bank or issuable SAFE until the WY articles file — every downstream date moves with it.", mitig: "File on the target date with refreshed effective dates (X-04); EIN + bank within two weeks (GAP-02)." }, { id: "RK-03", cat: "Counterparty", title: "Alliance at signature, not signed", sev: "high", desc: "TX's 5–10% founding tier, Texture as BD of record, and the tokenization rail all hang on an unexecuted countersignature.", mitig: "Execute the definitive documents before launch (GAP-03); SPCP / tZero stay as backup rails." }, { id: "RK-04", cat: "Regulatory", title: "Concurrent-offering integration", sev: "med", desc: "506(c) general solicitation running alongside portal-only Reg CF — comms that cross could integrate the two offerings.", mitig: "Segregate materials once live: portal-only for CF, accredited-targeted for Reg D." }, { id: "RK-05", cat: "Dilution", title: "Unmodeled dilution stack", sev: "med", desc: "SAFE ~16.9% + TX 5–10% founding tier + 10% Class B pool compound before any priced round.", mitig: "One pro-forma cap table across all three layers before the TX principal session (GAP-07)." }, { id: "RK-06", cat: "Narrative", title: "'Live product' overstatement", sev: "med", desc: "Hub language reads as in-production; reality is demo-stage with 0 customers — diligence will test it.", mitig: "Reconcile to 'working agent demo' across all investor materials (X-01)." }, { id: "RK-07", cat: "Schedule", title: "Reg CF window compression", sev: "low", desc: "Four sequential gates (entity → reviewed statements → portal → Form C) against a one-quarter window.", mitig: "Treat Q4 2026 as soft; any Jul 1 slip pushes the CF window into 2027 (X-03)." }, ]; // ── LEGAL FRAMEWORK — one instrument under two exemptions ────────── DOSSIER.legal = { note: "One YC SAFE under two exemptions. Each path has its own audience, comms and filing rules; the discipline is keeping them from integrating.", exemptions: [ { id: "EX-506c", reg: "Reg D · Rule 506(c)", offering: "Seed · $2.0M", audience: "Accredited investors only — no investor cap.", solicitation: "General solicitation permitted.", verification: "Reasonable-steps accreditation verification required before any sale (provider TBD).", filing: "Form D within 15 days AFTER first sale (Rule 503).", bluesky: "State notice filings per state of first sale." }, { id: "EX-cf", reg: "Reg CF · Section 4(a)(6)", offering: "Community · $700K", audience: "Anyone — retail + accredited, subject to Reg CF investment limits.", solicitation: "Portal-only communications; 'testing the waters' permitted before filing.", verification: "Handled by the registered funding portal (not yet selected).", filing: "Form C filed with the SEC before the campaign opens — needs CPA-reviewed inception statements.", bluesky: "Federal preemption — no state blue-sky filings." }, ], instrument: [ ["Instrument", "YC post-money SAFE — one paper, both paths"], ["Conversion", "Next priced round — targeted Series A"], ["Discount / MFN", "Cap-only on the draft; per executed SAFE (DOC-003)"], ["Transfer", "Restricted; no secondary venue at issuance"], ], discipline: DOSSIER.capital.discipline, }; // ── ONTOLOGY OBJECT GRAPH — the deal architecture as an instance of the // INTELLIGENCE ontology (window.ONTOLOGY · the Compass World Model). Every // node's `of` is a World-Model SUBJECT id — Company · Project · Offering · // Security · Asset · Valuation · Holding · Document · Exemption · // Jurisdiction · Chain · Broker-Dealer · Party — wired with the model's own // edges (runs · raises capital via · sells · wraps · deployed on · owned by · // offered under …). All 13 subjects of the World Model are instantiated. // // It deliberately EXCLUDES C2-ontology objects — RouteRecommendation // (ENT-route), AcceptanceReview (ENT-acceptance), FitScore — which are // command-plane decision / loop concepts in window.FOUNDATION, NOT deal // objects. The two ontologies are distinct; keep C2 objects out of here. function graph() { const nodes = [ // ── issuer · venture (the deal spine) ── { id: "CO-raisable", of: "Company", name: "Raisable Inc. (pre-inc.)", kicker: "issuer — incorporates Jul 1" }, { id: "PRJ-raisable", of: "Project", name: "Raisable Investment", kicker: "the venture being financed" }, // ── offerings ── { id: "OFF-RD-2026", of: "Offering", name: "Reg D 506(c) · $2.0M", kicker: "general solicitation · verified only" }, { id: "OFF-CF-2026", of: "Offering", name: "Reg CF · $700K", kicker: "community round · sequenced" }, // ── security · asset · valuation · cap table · provenance ── { id: "SEC-safe", of: "Security", name: "YC post-money SAFE", kicker: "token-optional · $16M cap" }, { id: "ASSET-equity", of: "Asset", name: "Raisable equity", kicker: "company-equity class" }, { id: "VAL-cap", of: "Valuation", name: "$16M post-money cap", kicker: "valuation cap · ~16.9% dilution" }, { id: "HLD-founders", of: "Holding", name: "Founder cap table", kicker: "Class A 30/20/20/20 · all unvested" }, { id: "DOC-room", of: "Document", name: "Data room (drafts)", kicker: "plan · SAFE · PPM · worksheets" }, // ── chain (the deferred token deployment target) ── { id: "CHAIN-target", of: "Chain", name: "Base", kicker: "Coinbase L2 · token deployment target" }, // ── exemption (reified legal-basis) · jurisdiction ── { id: "EX-506c", of: "Exemption", name: "Reg D 506(c)", kicker: "general solicitation · verified only" }, { id: "EX-cf", of: "Exemption", name: "Reg CF", kicker: "$5M/12mo · portal-only comms" }, { id: "JUR-us", of: "Jurisdiction", name: "United States", kicker: "SEC + FINRA · WY at filing" }, // ── distribution rails (broker-dealer entity) ── { id: "BRK-texture", of: "Broker-Dealer", name: "Texture Capital", kicker: "alliance BD of record · at signature" }, { id: "BRK-spcp", of: "Broker-Dealer", name: "Silicon Prairie CP", kicker: "backup rail · conversation" }, { id: "BRK-tzero", of: "Broker-Dealer", name: "tZero", kicker: "backup rail · conversation" }, { id: "BRK-portal", of: "Broker-Dealer", name: "Funding portal (TBD)", kicker: "Reg CF rail · not selected" }, // ── parties (capital intro · channel · holders) ── { id: "PTY-tx", of: "Party", name: "TX (alliance)", kicker: "cap intro + tokenization · at signature" }, { id: "PTY-corenest", of: "Party", name: "CoreNest Capital", kicker: "capital intro · anchor candidate" }, { id: "PTY-cbs", of: "Party", name: "CBS providers", kicker: "issuer channel · 2 partnerships targeted" }, { id: "PTY-founders", of: "Party", name: "Founders (4)", kicker: "Class A holders · per draft ledger" }, ]; const edges = [ // ── deal spine: Company → Project → Offering → Security → Asset → Company ── ["CO-raisable", "PRJ-raisable", "runs"], ["PRJ-raisable", "OFF-RD-2026", "raises capital via"], ["PRJ-raisable", "OFF-CF-2026", "raises capital via"], ["OFF-RD-2026", "SEC-safe", "sells"], ["OFF-CF-2026", "SEC-safe", "sells"], ["SEC-safe", "ASSET-equity", "wraps"], ["SEC-safe", "CHAIN-target", "deployed on"], ["ASSET-equity", "CO-raisable", "owned by"], ["ASSET-equity", "PRJ-raisable", "developed under"], // ── exemption (reified) · jurisdiction ── ["OFF-RD-2026", "EX-506c", "offered under"], ["OFF-CF-2026", "EX-cf", "offered under"], ["EX-506c", "JUR-us", "scoped to"], ["EX-cf", "JUR-us", "scoped to"], ["CO-raisable", "JUR-us", "incorporated in"], ["ASSET-equity", "JUR-us", "located in"], // ── valuation · cap table · provenance ── ["VAL-cap", "ASSET-equity", "appraises"], ["HLD-founders", "CO-raisable", "position in"], ["PTY-founders", "HLD-founders", "holds"], ["DOC-room", "CO-raisable", "evidences"], ["DOC-room", "OFF-RD-2026", "evidences"], // ── distribution rails (broker-dealer) ── ["OFF-RD-2026", "BRK-texture", "distributed via"], ["OFF-RD-2026", "BRK-spcp", "distributed via"], ["OFF-RD-2026", "BRK-tzero", "distributed via"], ["OFF-CF-2026", "BRK-portal", "distributed via"], ["BRK-texture", "EX-506c", "clears"], // ── parties: capital intro · channel · tokenization ── ["PTY-tx", "CO-raisable", "founding partner"], ["PTY-tx", "BRK-texture", "alliance BD agreement"], ["PTY-tx", "PTY-corenest", "capital intro via"], ["PTY-tx", "SEC-safe", "tokenization provider"], ["PTY-corenest", "OFF-RD-2026", "anchor candidate"], ["PTY-cbs", "CO-raisable", "issuer channel"], ].map(([from, to, label]) => ({ from, to, label })); return { nodes, edges }; } function validate() { const { nodes, edges } = graph(); const ids = new Set(nodes.map((n) => n.id)); const issues = []; edges.forEach((e) => { if (!ids.has(e.from)) issues.push(e.from); if (!ids.has(e.to)) issues.push(e.to); }); const S = window.ONTOLOGY; nodes.forEach((n) => { if (S && !S.SUBJECTS.some((s) => s.id === n.of)) issues.push(n.id + " of " + n.of); }); const adj = {}; nodes.forEach((n) => { adj[n.id] = []; }); edges.forEach((e) => { if (adj[e.from] && adj[e.to]) { adj[e.from].push(e.to); adj[e.to].push(e.from); } }); const seen = new Set(["CO-raisable"]); const q = ["CO-raisable"]; while (q.length) { const cur = q.shift(); (adj[cur] || []).forEach((nx) => { if (!seen.has(nx)) { seen.add(nx); q.push(nx); } }); } const unreachable = nodes.filter((n) => !seen.has(n.id)).map((n) => n.id); return { ok: issues.length === 0 && unreachable.length === 0, issues, unreachable, classes: [...new Set(nodes.map((n) => n.of))].length, objects: nodes.length, links: edges.length }; } window.RAISABLE = { SRC, KB, CLASS, classCounts, confTone, CAPTABLE, OFFERINGS, DEMAND, FINANCIALS, USE_OF_PROCEEDS, FILINGS, DOSSIER, graph, validate, SEPARATION: { business: { name: "Raisable Business", note: "The operating company — FinOps twin, C&C plane, agents. Financial intelligence & proceeds live under Control · Execution.", route: "execution" }, investment: { name: "Raisable Investment", note: "Raisable as an ISSUER on its own platform. Offerings under Operations · Projects; objects under Ontology; this dossier reads them for investors.", route: "analytics" }, }, }; })();