Deal composer
Resolve the bargain before negotiating the percentage.
DECISION OBJECT
Contribution, demand, capital, control and data sensitivity determine the viable first structure. A JV is not an answer to unclear pricing or ownership.
Compiled structureDefault first transaction
01
Customer-funded productivity node
The operating company buys productive capability for its own workflows; the operator installs and manages the intelligence layer.
First purchaseBuy the fixed-scope Partnership Blueprint before hardware, debt or production access.
Architecture posturePrivate-data workloads stay inside the governed tenant or local node; frontier models receive only approved, minimised context.
Contract focus
- Phase 0 SOW and data-room protocol
- Implementation MSA + SOW
- Asset and capacity ownership schedule
- Authority and acceptance matrix
Proof before approval
- Demand baseline or signed offtake evidence
- Current IT, network, identity and data map
- Metered power, site and supplier assumptions
- Downside case with an executable stop or removal path
Stage-gated. No equity, uncapped guarantee, property collateral or production write access in Phase 0.
01
Underwriting scope
Six dimensions must close together.
A technically plausible node can still be commercially irrational, legally fragile or impossible to integrate. Phase 0 produces one decision system across all six.
| Dimension | Question | Evidence required | Decision owner |
|---|---|---|---|
| Counterparty | Who can bind each organisation, and what existing obligations or lender restrictions constrain the deal? | Corporate records, delegated authority, facilities, liens and conflicts. | Named principal + specialist sign-off |
| Demand | Which internal workflow or external customer creates the economic need? | Volume, latency, quality, data and service-level baseline. | Named principal + specialist sign-off |
| Site | Can the building safely and economically host the intended estate? | Power, network, access, cooling, fire, insurance, metering and removal. | Named principal + specialist sign-off |
| Capital | Which cost is operating expense, durable equipment, energy infrastructure or venture risk? | Sources-and-uses, asset life, quotations, tax and finance review. | Named principal + specialist sign-off |
| Control | Who owns each asset, account, dataset, skill, approval and failure mode? | Rights matrix, reserved matters, step-in, portability and exit. | Named principal + specialist sign-off |
| Proof | What evidence makes the next gate rational? | Accepted baseline, receipts, benchmarks, contracts, decisions and measured outcomes. | Named principal + specialist sign-off |