Confidential. Prepared for a named recipient and not for distribution. Access is granted individually to accredited investors under Regulation D, Rule 506(b). Opening this room is logged. Nothing here is an offer to sell or a solicitation of an offer to buy a security; any offering is made solely through definitive documents.
TJG Ventures, Inc.
The raise is into the holdco. This room covers what the company is, what it owns, where the money goes, and the terms of the round. Each venture keeps a room of its own for deeper diligence — start here, then go down a level.
Entity map
Delaware · as of July 2026Two items to close before this section is final. First, the ownership line on each subsidiary should cite the instrument that created it — a contribution or assignment agreement, reflected on that subsidiary's own stock ledger. SignalNetwork's 8.5M founder shares were issued to Mike personally with a personal 83(b). RESOLVED on this page: every ownership line now reads future tense — "to be wholly owned, contribution pending" — so nothing asserts a transfer that has not happened. Move them back to present tense only once each subsidiary's own stock ledger shows it. Second, before dissolving The Journey Group LLC, verify it is genuinely empty — bank account, contracts, and registrar title on the 299-domain portfolio in particular. A domain portfolio titled to a dissolved entity is a hard problem to unwind later.
What we own
Built, not plannedSignalNetwork
Trust infrastructure for regulated industries and high-stakes decisions. Your reasoning gets sealed the moment you have it, so you can show what you decided before you knew how it turned out.
Independent AI systems check the record and sign it. When they disagree, the disagreement gets sealed too. That is the part nobody can copy — a record you keep and vouch for yourself is worth exactly what your word is worth.
- 1,358 sealed entries as of 27 July 2026
- 138 decisions · 140 independently reviewed · 10 corrections that supersede without erasing
- Bedrock Passport — public pages anyone can check, no account needed
- Constitution and operating rules, published and version-controlled
Journey Athletics
Built for athletes, coaches, directors and fans. Custom sites, athlete records and program infrastructure for teams, clubs and schools — attendance, fundraising, team shops, halls of fame, verified athlete identity.
The record belongs to the athlete, not the platform.
- Journey Wrestling shipped — match logging, school brand registry, authenticated accounts
- 299 domains across 78 sports and 24 cities, assembled since 2005
- Relationships in the wrestling community that predate the company
Operator Ventures
The engine that funds the build. Done-for-you delivery for operators who want the outcome without assembling it — a services practice built to fund the ventures it runs on.
- Brand and mark complete
- Delivery built on the same stack the group runs on
The entry counts in the SignalNetwork block are live figures read from the vault on 2026-07-27 (1,358 total / 138 decisions / 140 witness / 10 corrections / 10 incidents). They drift daily. Either refresh them at each deploy or carry the as-of date — a stale count on an investor page is a wrong number, not an old one.
Every claim above is deliberately unquantified. The moment a number lands here it becomes
a representation to an investor, so figures belong in room_blocks where they
carry a source and an as-of date — vault entry count from the summary endpoint, node
holders from the registry, revenue from the books. Two things to resolve before quantifying:
the seven verified node holders all sit at null downstream lifecycle timestamps, so
"onboarded" and "active" are different numbers and the difference is the honest story;
and Operator Ventures has no revenue figure yet, so "revenue today" is a description of
the model, not of the P&L. Say so plainly rather than letting the tense imply otherwise.
Capitalization
In formationTJG Ventures' equity is not yet issued. You are early enough to see it happen.
The holdco is incorporated in Delaware. The three ventures will be contributed into it — that work is pending with counsel, and it is what the first capital funds. Founder stock and the elections that go with it are being completed now, ahead of outside capital.
This section will state the ledger exactly as filed, and the definitive SAFE terms alongside it. Both post here on filing. An approximate cap table is worse than an empty one.
- Authorized shares
- Issued and outstanding
- Par value
- Founder stock, vesting schedule, and 83(b) status
- Option pool, if any
This is the section with a clock on it. Founder stock is normally issued before outside money, at par, when the company is demonstrably worth almost nothing — that is what makes an 83(b) cheap and the whole structure clean. SignalNetwork PBC was done in that order. TJG Ventures currently is not: Sam's capital would price the company before founder shares exist, and shares issued after a priced outside investment can carry real value at issuance, which can land on you as ordinary income. Get the issuance and the 83(b) done before the wire, or get counsel to tell you in writing why the order doesn't matter here. This sits ahead of QSBS in the attorney bundle because it is time-ordered — it gets more expensive the longer it waits.
Also: the 8.5M shares, the 100% founder position, and the filed 83(b) are SignalNetwork PBC's and belong in the SignalNetwork room. They do not migrate up into this section.
Use of funds
Six lines$359,542 over eighteen months. The lines below add up to it — nobody picked the number first.
Founder compensation
Eighteen months of a full-time founder, payroll taxes included. An unpaid founder has a second job.
Product engineering
The first two or three people join on equity, not salary. This buys contract engineering on top of them — hours, not headcount.
Contingency
Fifteen percent, its own line rather than padding in the others. Budgets are wrong. This says by how much.
Entity & compliance
Counsel, first corporate returns, insurance, cap table, bookkeeping. This is what contributes the three ventures into the holding company and makes the structure real.
Infrastructure & operations
What the product runs on. Software, hosting, domains, equipment, travel. Measured from nineteen months of statements, not estimated.
Go-to-market
Demand generation and fractional sales support. Modest — the founder still holds the seat — but not zero.
| Total round | $359,542 |
| Runway | 18 months |
| Average monthly burn | $19,975 — includes one-time items, so it is not a steady-state rate |
Three notes. First, founder compensation is the line investors question most, so it is placed last and named directly rather than buried under "general and administrative" — hiding it is what makes it look like a problem. Second, the numbers and the runway are now in, sourced from TJG Ventures Workbook 1.0. Attorney, CPA and insurance are market midpoints rather than quotes — replace them as the real figures land, and regenerate rather than hand-editing. Third, the CTO line is the one Bedrock's interest is contingent on. If you want that leverage visible, say so on this page — it turns a hiring plan into a milestone somebody else is already underwriting.
The round
Reg D · Rule 506(b)| Issuer | TJG Ventures, Inc., a Delaware corporation, doing business as The Journey Group |
| Instrument | SAFE (Simple Agreement for Future Equity). Post-money, converting on a qualified priced round. |
| Exemption | Regulation D, Rule 506(b) — no general solicitation; access granted individually |
| Eligibility | Accredited investors only |
| Target raise | $359,542 over 18 months |
| Valuation cap | Being set with counsel |
| Discount | Being set with counsel |
| Most favored nation | Being set with counsel |
| Minimum commitment | Being set with counsel |
| Conversion | On a qualified priced round; terms set by the definitive SAFE |
| Dilution | Modeled once the instrument is fixed. A SAFE carries no valuation by design, so no dilution table is presented here in advance of that. |
| Banking | Mercury |
| Cap table | Carta |
Four items go to counsel as one conversation, and three of them touch terms stated on this page: the §351 holdco layering, the QSBS question (contributing Signal stock into a corporation can restart or destroy the holding period — this is the expensive one), the SAFE valuation cap, and per-investor entity choice. Also outstanding: dissolution of the LLC and intercompany agreements between the holdco and the three subsidiaries. Until the cap is set, every "pending" above is honest; the moment one is filled in casually it stops being.
Documents
Released individuallyDocuments live in a private Storage bucket and are released as signed URLs minted server-side after a grant check — never by exposing the bucket to the anon key. Each download appends to the access log, which is the artifact that makes the 506(b) record defensible a year from now.
Questions go straight to the founder.
There is no team between you and an answer. Ask anything in this room, or ask for the room one level down — SignalNetwork, Journey Athletics, or Operator Ventures. Reach Mike the same way you reached this room.