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.
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.
Deep systems engineering capability, a track record of building or scaling enterprise infrastructure, national venture capital connectivity, and strong Michigan ecosystem credibility.
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.
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
| Stage | Target capital | Primary objective | Archetype 5 deliverable |
|---|---|---|---|
| Initial Close | $750,000 | Productization, Rust kernel hardening, security package | Kernel thesis review & threat model validation |
| Michigan First Close | $1,500,000 | Lead VC anchoring, FI workflow access, technical validation | Written technical diligence memo & co-investor recruitment |
| Full Pre-Seed | Up to $3,000,000 | Production pilots, enterprise security, national expansion | Introductions to national cyber/infrastructure specialists |
| Reserved Extension | $750,000–$1,500,000 | Canapi or equivalent national specialist entry | Third-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
- Gate 1 — Capital Commitment
Participant executes standard financing documents and commits baseline capital ($50,000–$100,000).
- Gate 2 — Capability Proof
Participant executes their designated coalition function — publishing a technical diligence memo, leading an architectural review.
- Gate 3 — Expanded 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 →| # | Candidate | Pool | Techn | Infra | Found | Inves | Michi | Natio | Dilig | Warm- | Regul | Total | Risk |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Dug Song | Pool A | 20 | 15 | 15 | 10 | 10 | 10 | 10 | 4 | 4 | 98 | Green |
| 2 | Jon Oberheide | Pool A | 20 | 15 | 15 | 9 | 10 | 9 | 10 | 4 | 4 | 96 | Green |
| 3 | Prof. J. Alex Halderman | Pool D | 20 | 14 | 13 | 5 | 10 | 9 | 10 | 5 | 5 | 91 | Green |
| 4 | Steve Fuller | Pool A | 16 | 13 | 14 | 8 | 10 | 8 | 8 | 4 | 5 | 86 | Green |
| 5 | Zack Urlocker | Pool A | 15 | 14 | 15 | 8 | 8 | 8 | 8 | 4 | 5 | 85 | Green |
| 6 | David Corcoran | Pool A | 16 | 14 | 14 | 7 | 10 | 8 | 8 | 4 | 4 | 85 | Green |
| 7 | Ten Eleven Ventures | Pool E | 16 | 14 | 10 | 10 | 6 | 10 | 9 | 3 | 5 | 83 | Yellow |
| 8 | Matthew Warner | Pool A | 18 | 13 | 12 | 6 | 10 | 6 | 9 | 4 | 4 | 82 | Green |
| 9 | Decibel Partners | Pool E | 15 | 14 | 10 | 10 | 6 | 10 | 8 | 4 | 4 | 81 | Yellow |
| 10 | Resonant Venture Partners | Pool C | 14 | 13 | 11 | 8 | 10 | 8 | 8 | 4 | 4 | 80 | Green |
| 11 | Edwin Olson | Pool B | 18 | 14 | 14 | 5 | 10 | 7 | 7 | 3 | 2 | 80 | Green |
| 12 | Jim Cyb | Pool A | 13 | 12 | 13 | 7 | 8 | 7 | 7 | 4 | 5 | 76 | Green |
| 13 | Mercury Fund | Pool C | 12 | 12 | 10 | 9 | 9 | 8 | 7 | 5 | 4 | 76 | Green |
| 14 | Farnam Jahanian | Pool A | 19 | 14 | 12 | 4 | 8 | 8 | 8 | 1 | 2 | 76 | Green |
| 15 | J.J. Guy | Pool A | 16 | 14 | 14 | 6 | 5 | 7 | 7 | 2 | 4 | 75 | Green |
Priority outreach slate
14-day sequenceFourteen-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.
Ask — $25,000–$50,000 SAFE commitment paired with product positioning feedback on why Bankabil transcends standard SIEM/logging capabilities.
14-day CXO execution roadmap
- Days 1–2Internal 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.
- Days 3–5Custom 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.
- Days 6–10Primary 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.
- Days 11–14Conversion, 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
- Who Owns Duo Security Company?
- The Midwest's Best-Kept Secret is its Vibrant Cybersecurity Community — HPA
- Blumira company profile — Tracxn
- Investing in the Great Lakes — Financial Poise
- Rise of tech hubs in southeast Michigan — Downtown Publications
- J. Alex Halderman — University of Michigan CSE
- BallotIQ, LLC — UMich Innovation Partnerships