CCXO
SOURCE ATLAS · VERIFY BEFORE OUTREACH
Capability syndicate — Seat 5

Capital Archetype 5 — Dug Song Capital

Prevent national institutional investors from misreading Bankabil as a generic logging tool, a compliance consulting practice, or a thin AI-governance application. This validator verifies that Ink Receipts and the Rust trust kernel are a defensible, vendor-neutral infrastructure primitive.

Cyber and infrastructure validatorSeat open
Longlist
50
across 5 pools
Scored shortlist
15
of 100 points
Green rights risk
13
of 15 ranked
Outreach slate
7
14-day sequence

Mission brief

Bankabil provides an issuance, verification and evidence-packaging layer that converts consequential software workflow events into portable, cryptographically signed, independently verifiable receipts. The architecture relies on an isolated Rust trust kernel, deterministic canonicalization, Ed25519 signature schemes, an Evidence Room review system and ProofMail delivery primitives.

Event data captured in application workflows is ingested by developer SDKs, formatted into deterministic Ink Receipts and executed inside an isolated Rust trust kernel. Evidence packages then flow into vertical overlays — BLKBXS for banking credit decisioning and model risk, MAND8 for insurance delegated authority and binder verification, DUE for legal e-discovery and redaction defensibility — and are rendered to external reviewers through controlled Evidence Rooms and ProofMail, ensuring independent verifiability outside the vendor's application trust boundary.

Archetype rationale

Within the staged $3,000,000 pre-seed framework — an initial $750,000 close expanding to a $1,500,000 Michigan-led first close — the capital coalition operates as a capability syndicate. Allocation is earned through capital commitments paired with specific functional capabilities.

Profile required

Deep systems engineering capability, a track record of building or scaling enterprise infrastructure, national venture capital connectivity, and strong Michigan ecosystem credibility.

Execution pathway

Sequential pathway: the candidate initiates an independent Rust kernel audit, authors a formal technical diligence memo validating the architecture, then leverages national network connectivity to open introductions to tier-one cyber and infrastructure venture funds.

Substitution logic

At this stage Archetype 5 replaces the technical credibility a national specialist such as Canapi Ventures normally supplies. Securing the validator early validates the security architecture, generates independent diligence memos and unlocks tier-one national cyber introductions — while preserving a reserved $750,000–$1,500,000 allocation for national specialist capital once Michigan operating evidence exists.

Financing ladder

StageTarget capitalPrimary objectiveArchetype 5 deliverable
Initial Close$750,000Productization, Rust kernel hardening, security packageKernel thesis review & threat model validation
Michigan First Close$1,500,000Lead VC anchoring, FI workflow access, technical validationWritten technical diligence memo & co-investor recruitment
Full Pre-SeedUp to $3,000,000Production pilots, enterprise security, national expansionIntroductions to national cyber/infrastructure specialists
Reserved Extension$750,000–$1,500,000Canapi or equivalent national specialist entryThird-party validation package for national syndication

100-point scoring model

  • Technical Credibility20 pts

    Deep systems engineering, cryptography or security architecture background capable of evaluating low-level code.

  • Infrastructure Pattern Recognition15 pts

    Proven history of identifying, building or scaling platform primitives and developer infrastructure.

  • Founder / Operator Experience15 pts

    Track record of founding, scaling or leading enterprise software, cybersecurity or deep-tech companies through major liquidity events.

  • Investment Capability10 pts

    Demonstrated ability to write $50,000–$100,000 initial or $100,000–$300,000 expanded checks via direct, angel, SPV or fund structures.

  • Michigan Connectivity10 pts

    Deep operational, physical, academic or investment ties to the Michigan technology ecosystem.

  • National Investor Network10 pts

    Direct relationships with national venture funds specializing in cybersecurity, dev tools and enterprise infrastructure.

  • Diligence Proof Capability10 pts

    Willingness and authority to author independent technical memos, audit architectures and validate open-core defensibility.

  • Warm-Intro Feasibility5 pts

    Accessible outreach channels through existing advisers, founders, counsel or regional angel networks.

  • Regulated Enterprise Relevance5 pts

    Understanding of procurement cycles, vendor-risk review and compliance requirements in banking, insurance or legal sectors.

Rights-risk assessment

  • GreenLow risk

    Standard founder-friendly SAFE or convertible notes; standard information rights without board control, exclusivity or roadmap vetoes.

  • YellowModerate risk

    Requires qualification — side-letter requests, board observer expectations or co-investment overlaps that must be managed by executive counsel.

  • RedHigh risk

    Governance friction, demands for exclusive field-of-use rights, IP/schema co-ownership, or attempts to consume the national specialist allocation reserve.

Three-gate allocation model

  1. Gate 1Capital Commitment

    Participant executes standard financing documents and commits baseline capital ($50,000–$100,000).

  2. Gate 2Capability Proof

    Participant executes their designated coalition function — publishing a technical diligence memo, leading an architectural review.

  3. Gate 3Expanded Allocation

    Participant receives expanded allocation ($100,000–$300,000) strictly after capability proof is completed and verified by executive leadership.

Ranked top-15 scorecard

FULL LONGLIST →
#CandidatePoolTechnInfraFoundInvesMichiNatioDiligWarm-RegulTotalRisk
1Dug SongPool A201515101010104498Green
2Jon OberheidePool A2015159109104496Green
3Prof. J. Alex HaldermanPool D2014135109105591Green
4Steve FullerPool A161314810884586Green
5Zack UrlockerPool A15141588884585Green
6David CorcoranPool A161414710884485Green
7Ten Eleven VenturesPool E1614101061093583Yellow
8Matthew WarnerPool A181312610694482Green
9Decibel PartnersPool E1514101061084481Yellow
10Resonant Venture PartnersPool C141311810884480Green
11Edwin OlsonPool B181414510773280Green
12Jim CybPool A13121378774576Green
13Mercury FundPool C12121099875476Green
14Farnam JahanianPool A19141248881276Green
15J.J. GuyPool A16141465772475Green

Priority outreach slate

14-day sequence

Fourteen-day chronological sequence: open with Dug Song to establish the primary ecosystem anchor; move to Jon Oberheide and Prof. J. Alex Halderman for low-level technical and academic kernel review; engage Steve Fuller and Zack Urlocker for operator and commercial GTM validation; conclude with Ten Eleven Ventures and Resonant Venture Partners to execute formal co-investment syndication.

  1. 1Dug SongEcosystem Anchor & Archetype BenchmarkGreen
  2. 2Jon OberheideTechnical Diligence Lead & Kernel ReviewerGreen
  3. 3Prof. J. Alex HaldermanNon-Investor Academic ValidatorGreen
  4. 4Steve FullerOperator-Angel & SIEM/Log AnalystGreen

    Ask — $25,000–$50,000 SAFE commitment paired with product positioning feedback on why Bankabil transcends standard SIEM/logging capabilities.

  5. 5Zack UrlockerScale-Up GTM & Commercialization ValidatorGreen
  6. 6Ten Eleven VenturesDedicated Cybersecurity VC (Co-Investor Path)Yellow
  7. 7Resonant Venture PartnersAnn Arbor Early-Stage Syndicate LeadGreen

14-day CXO execution roadmap

  1. Days 1–2
    Internal readiness & collateral setup

    Executive leadership confirms financing terms ($750k initial close, $1.5M Michigan first close) and supersedes outdated binder documentation. The CRM tracking environment is populated with source-of-truth fields: Target Name, Coalition Role, Check Size, Warm Intro Vector, Proof Status, Rights Risk. The Diligence Starter Room skeleton is finalized so Folder 04 (Technical Architecture) contains the Rust trust kernel spec, Ed25519 signing flows, WASM verifier docs and threat models.

  2. Days 3–5
    Custom collateral & package generation

    Finalize the Target One-Pager for technical/cyber validators and package the Technical Validator Packet for Jon Oberheide and Prof. J. Alex Halderman. In parallel, finalize the BLKBXS Workflow-Validation Ask Sheet for operator-angel reviews.

  3. Days 6–10
    Primary outreach & sequence execution

    Launch outreach across priority candidates 1–5 using customized first-touch scripts. Schedule 30-minute role-fit calls with the Standard Meeting Runbook and Technical Validator Agenda. Under campaign discipline, the CEO participates only in high-leverage technical review sessions or warm sponsor calls.

  4. Days 11–14
    Conversion, classification & dashboard reporting

    Conduct review sessions, soft-circle initial commitments toward the $750,000 close, and classify every contacted target as Lead Candidate, Capability Candidate, Capital-Only, Risky or Pass. Close the cycle by publishing the first Weekly CEO Update Dashboard tracking warm intros, booked meetings, soft-circled capital and unresolved rights-risk issues.

Research gaps — clear before outreach

  • Verify active check-writing capacity — confirm vehicle type and check size for Dug Song and Jon Oberheide.
  • Confirm technical review availability — clear academic conflict disclosures for Prof. J. Alex Halderman.
  • Audit portfolio alignment — ensure no overlapping logging investments exist for Ten Eleven Ventures or Decibel Partners.

Research positions only. Verify check-writing capacity, review availability and portfolio conflicts before any outreach or external use.

Sources