External diligence access is staged. The room exists now for founders; investors sign in only after incorporation hygiene is real.
Investor sharing: Gate A ready— founders only; do not add investor emails to live auth yet
- Gate A — sole-founder equity + IP signed — Met. 90/10 + prior-invention schedule locked; sole-founder side letter signed + vaulted 2026-07-17. See Corporate Legal → Founder equity & IP.
- Atlas trigger — runway-sized committed check — Open. Primary path: committed check covering Atlas (~$500) + counsel + ops per Financials use-of-funds ($1.0M / 12 mo). Do not file on a Pakistan entity.
- Delaware C-Corp filed (Stripe Atlas) + stand-up — Open. Certificate / company kit, EIN, bank, founder stock + confirmatory IP assignments, option pool recorded.
- Entity docs populated in this room — Open. Replace Entity placeholders with real docs or private vault links (no secrets in public site deploy).
Stages
| Stage | Meaning |
|---|---|
| Founders only | Allowlist is the founder. Investor emails must not authenticate yet. |
| Gate A ready(current) | Equity + IP signed. Atlas may proceed when a runway-sized committed check appears; invites still founders-only. |
| Atlas ready to file | Gate A + funding trigger met. File Delaware C-Corp via Stripe Atlas; still no external investor invites. |
| Incorporated | Delaware entity stood up. Populate entity placeholders, then unlock external sharing deliberately. |
| External investor sharing | Investor emails on DATAROOM_INVESTOR_EMAILS may sign in. Provision accounts one at a time. |
Locked sequence
Do not cold-outreach or provision investor accounts while Investor sharing shows Founders only.
While Founders only: soft raise can still proceed with a portable bridge pack — Bridge raise deck + public Lab / methodology links. Soft raise open ≠ investor login.
How to unlock (ops)
When Gate A is Ready and budget or a committed check appears:
- Complete Formation checklist (Stripe Atlas Delaware C-Corp).
- Populate Entity placeholders with real docs or secure links.
- Mark incorporation gates complete in founder configuration only after each step is done.
- Provision investor accounts deliberately after all gates are met.
- Redeploy the dataroom. Investor login stays blocked until the full sequence is complete.
See Disclosure policy for what belongs in the room vs. meetings.
Still separate from evidence outreach
Design-partner cold outreach is unlocked on Phase 3 technical distribution; demand-signal progress (ICP conversations / eval threads) lives on the pipeline. Investor sharing waits on this incorporation sequence.
Related
- Founder equity & IP — Gate A
- Formation checklist — Atlas trigger + filing
- Entity placeholders — post-incorporation slots
- Milestone model — capital ↔ engineering gates