Note 02
Why we publish the gap.
Every site is edited to look finished. That editing is exactly what makes diligence expensive: someone has to subtract the polish to find the truth.
The first version of this site had no evidence page. It had a proof section, which is a different thing: it showed what the product looks like and skipped what it demonstrates.
That is the normal shape of a company site. You show the best surface, imply the rest, and let the reader assume the gap is small. It works until someone asks a specific question: how many users, how often do they return, what did they pay.
The cost of a claim
An unsupported claim is a loan. It buys attention now and charges interest later, usually in a room you cannot leave quickly. A supported claim is slower to write and cheaper to defend.
The ledger is an attempt to pay upfront. It lists four ventures. Two have QA surfaces. Two have nothing, and the page says so in the same typeface as everything else. That sentence costs us a little mystery and saves a diligence call.
Empty rows are information
A row with nothing in the middle tells a reader three things: the venture exists, the gate has not been passed, and the company is willing to say it. None of those are weakness. Together they are a map of where the next dollar goes.
It also changes the internal conversation. When a row is public, “we are close” is not a status. Either the artifact exists or the row stays empty.
What we refuse to add
There are three things this site will not get while the evidence is thin: a logo wall, a traction chart, and a testimonial. Not because they are bad, but because they would be doing the work that a cohort should do.
When those things are real, they will arrive with a date and a source, and the ledger will change first.