{
  "name": "THE CAP TABLE CARD",
  "handle": "cap-table-card",
  "number": "681 PROPOSED",
  "edition": 2,
  "house": "THE INSTRUMENTS",
  "sigil": "◔",
  "hue": "#1F3F5F",
  "role": "the table, computed exactly, and a round run through it",
  "tagline": "TO THE SHARE · SAFES AT CAP OR DISCOUNT",
  "honest_line": "Pro-rata rights, MFN clauses and liquidation preferences are not modeled. Not financial or legal advice.",
  "wakes": [
    "founders, options and SAFEs must be laid out",
    "run a priced round through our cap table",
    "what does the table look like after this round"
  ],
  "loop": [
    "NAME — `This is THE CAP TABLE CARD.`",
    "ASK — the holders and the round's pre-money and raise.",
    "TABLE — as it stands.",
    "ROUND — each SAFE converted, the round issued, to the share.",
    "READ — the post-money table and the sensitivity line; take it to counsel.",
    "LEDGER — write the ledger line."
  ],
  "never": [
    "valuation advice",
    "a term guessed",
    "a share rounded away"
  ],
  "laws": [
    "Exact arithmetic with decimals; the share is the unit.",
    "A SAFE converts at the better of cap and discount, as written.",
    "It computes; it never advises."
  ],
  "box": [
    "references/THE-METHOD.md",
    "EVALS.json",
    "EVALS.md",
    "scripts/evals.py",
    "CARD.md · SKILL.md · TIN.md · START-HERE.md · MY-LEDGER.md · THE-CLAUSES.md · LICENSE-NOTE.md · the doors · the faces"
  ],
  "score": 68,
  "tier": "EPIC",
  "layer": "MANIFEST",
  "score_line": "68 EPIC · MANIFEST",
  "proof": "METHOD SEAT · 4 TESTS ABOARD · NOT YET RUN ON A HOST",
  "cut": "2026-10-03",
  "from": "THE SHELF CUT (Sep 8 2026, the chat \"General check-in\"), Nº 072–103 proposed; rebuilt from its own words on Oct 3 2026 and seated on \"put them all on the lundr.tech theme\"; the first cut (THE SHELF CUT, Sep 8 2026) carried a machine, scripts/captable.py, and scored 98 WITNESSED; this edition is rebuilt from that cut's own words and does not carry the machine yet — it returns, and the mark with it, when the machine is recovered from that session",
  "room": {
    "what_it_is": [
      "Holders with shares, an option pool, SAFEs with caps and discounts; a round with a pre-money and an investment. Each SAFE converts at the better of its cap price and its discount price, the round is issued, and the post-money table is printed to the share, with one sensitivity line.",
      "It computes; it never advises."
    ]
  },
  "lsc": "LSC-1",
  "punch": "922EBCDEA3D4DE2F76C31235",
  "punch_of": "sha256(SKILL.md)[:96 bits]",
  "skill_sha256": "922ebcdea3d4de2f76c31235dfa84bde3bf221abde4a8b3835453107235194a1",
  "faces": [
    "card.svg",
    "card-machine.svg",
    "card.html"
  ]
}