# Where we stand — wage30 / seedsOS / TrueTerm

**As of:** 2026-08-09  
**Repo:** `main` (see latest commit after push)  
**Public site:** [wage30.com](https://www.wage30.com/)

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## One-line status

**Marketable narrative and demos are largely live.**  
**Live production lending still blocked on compliance, full KYC, and operational risk runbooks** — pitch path is closer than fund path.

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## What is built (usable now)

| Area | Status |
|------|--------|
| Hub three-prong + community + partner strip | Live |
| LPDs (all products) + PIFC / capital ladder / silos | Live |
| TrueTerm apply (term + pay-in) + story rail | Live |
| Decision package product path on UW | Live |
| Winter + TrueTerm restructure / trap-debt demo | Live |
| Wage30 marketplace MVP + origin story LPD | Live |
| Operating model v1.2 (ramp, sensitivities, unit P&Ls, triangles) | In repo |
| Demo funded tape for live vintage UI | In repo (synthetic) |
| Operating agents (CRO, COO, positioning, CS) | Skills live |
| Beta & pitch checklist | `docs/ops/BETA_AND_PITCH_LAUNCH_CHECKLIST.md` |
| Risk SOP starters (UW, fraud, DQ, bureaus) | `docs/ops/risk/` |
| 90-day cash-flow plan | `docs/ops/CASH_FLOW_90_DAY.md` |

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## Pitch vs fund

| Question | Answer |
|----------|--------|
| Can we **pitch** the business honestly? | **Nearly yes** — story, model, LPDs, culture, checklist exist. Finish demo script + license-path one-pager + copy audit. |
| Can we **fund live loans** at scale? | **Not yet** — need counsel on license/bank partner, production KYC/AML, disclosures sign-off, fraud velocity controls, DQ/collections staffing. |
| Soft friends/family pilot? | Only with **labeled pilot** + counsel memo; not “open market licensed lender” claims. |

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## What else needs to be done

### Must for marketable pitch (short list)

1. **Positioning copy audit** pass on all public pages (agent: `/positioning-copy-lead`)  
2. **Demo script** written and rehearsed (15 min)  
3. **License / bank partner path** one-pager for IC (`/tradfi-defi-compliance`)  
4. **Data room access** smoke test (registration → TrueTerm room)  
5. Optional: regenerate PPTX after last copy fixes  

### Must for live fund beta

1. Counsel: lending authority (bank partner vs licenses)  
2. Production KYC/AML  
3. Counsel-reviewed TILA / adverse action / privacy  
4. Fraud velocity + fund dual control  
5. DQ/collections scripts live with owners  
6. CRA decision (report vs delay) documented  
7. Real bank separation: product OpEx vs loan pool  

### Product/engineering backlog

1. Pay-in fee schedule vs APR policy finalized  
2. Servicing statements automation  
3. Replace synthetic tape with real funded loans  
4. Wage30 insurance partner LOIs  
5. Netlify analytics on hub CTAs  

### Finance

1. Monthly actuals vs model  
2. Facility term sheet when ready ($25M)  
3. Advance rate / first-loss negotiation  

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## How to operate from here

| Need | Invoke |
|------|--------|
| Risk / UW / fraud / CO / bureaus | `/chief-risk-officer` |
| Launch cadence / cash | `/chief-operating-officer` |
| Copy / differentiation | `/positioning-copy-lead` |
| Borrower success | `/customer-success-credit` |
| Tape / triangles / capital | `/fintech-cfo` |
| Licenses | `/tradfi-defi-compliance` |
| Raise materials | `/investor-relations` |

Checklist: `docs/ops/BETA_AND_PITCH_LAUNCH_CHECKLIST.md`  
Agents index: `docs/ops/OPERATING_AGENTS.md`

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## Bottom line

You have a **coherent product story, investor narrative, operating model, and demo stack**.  
You do **not** yet have a **production credit shop**.  

**Next milestone:** “Pitch complete” (checklist A green) within days of rehearsal + compliance narrative.  
**Following milestone:** “Soft fund beta” only after B-path legal/risk reds clear.