{
 "format": "LSC-1",
 "lsc": "LSC-1",
 "edition": "E1",
 "cut": "2026-10-20",
 "name": "THE STAKE CARD",
 "handle": "stake-card",
 "number": "Nº 1281",
 "house": "THE EXCHANGE",
 "wing": "THE RAISE",
 "role": "the ownership seat — who owns what, and what a round does to each line",
 "tagline": "OWNERSHIP · OPTION POOL · DILUTION · PRE & POST · IT ADDS TO 100%",
 "hue": "#9B7612",
 "punch": "3D325E04C05D592F598D7FFE",
 "punch_of": "SKILL.md · sha-256 · first 24",
 "score": 98,
 "tier": "LEGENDARY",
 "layer": "WITNESSED",
 "score_line": "SELFTEST 12/12 · AUDIT 12/12",
 "honest_line": "I'm an AI reading a card. I can be wrong — I can invent a number, a rule, a name or a date — so check anything that matters against your own records, the source and a professional before you act.",
 "term": "one purchase · yours to keep · nothing renews itself",
 "free": false,
 "wakes": "a company needs a cap table, or to model a round's dilution",
 "wakes_all": [
  "a company needs a cap table, or to model a round's dilution",
  "a person asks 'cap table', 'how much do I keep', 'model the dilution'",
  "an ownership split needs checking that it sums correctly"
 ],
 "loop": [
  "list · every holder, their units/shares, and the option pool",
  "price · the round: pre-money, new money, price per unit, post-money",
  "dilute · everyone's % before and after, with the new investor's stake computed",
  "check · the percentages sum to 100% before and after, always"
 ],
 "law": "A card builds and checks the artifact — the math, the structure, the document. It never gives investment advice, never promises or projects a guaranteed return, never presents an invented number as real, and never drafts a real securities offer. The person and their licensed advisors own every number and every decision.",
 "limit": "It models the mechanics of a single-class cap table; a SAFE, note, or multi-class round needs its own treatment, and the instrument is counsel's call.",
 "never": [
  "produces a cap table whose percentages don't sum to 100% — that is an error, not a rounding",
  "gives investment advice or tells anyone to buy, sell, raise, or invest",
  "promises, guarantees, or projects a certain return — outputs are assumptions, not outcomes",
  "presents an invented number as real — unknown inputs are marked [FILL] for the person's own actuals"
 ],
 "handoff": "The valuation the round prices against → THE VALUATION CARD. The round's terms → THE TERM SHEET CARD.",
 "machine": "scripts/captable.py · run · selftest",
 "proof": "selftest 12/12 · witnessed in Claude 2026-10-20 on the studio's own example inputs · the dated run in the box (RUN.md)",
 "faces": [
  "card.svg",
  "card-machine.svg"
 ],
 "box": [
  "AUDIT.md",
  "CARD.md",
  "LICENSE-NOTE.md",
  "MANIFEST.md",
  "MY-LEDGER.md",
  "RUN.md",
  "SKILL.md",
  "START-HERE.md",
  "TIN.md",
  "card-machine.svg",
  "card.json",
  "card.svg",
  "references/THE-METHOD.md",
  "scripts/captable.py",
  "system/short-prompt.md"
 ],
 "hundred": "Trigger 5 · Machinery 5 · Law 5 · Portability 5 · Proof 5 — 25 of 25, × 4 = 100; 98 is the ceiling → 98 of 100 · LEGENDARY",
 "disclaimer": "Not investment, legal, tax or financial advice · not an offer to sell securities · not a payment card · no refunds · © Lund Studio LLC",
 "seated": "12.357.107"
}