# changelog

Updated: 2026-11-03

# Investor room change log
**Version:** 1.1 | **Initial date:** 2026-10-29 | **Last reviewed:** 2026-11-02

## November 2, 2026 — corrections
- **Investor one-pager (PDF).** Previous: "The business owns its code and data". New: "The business owns its data, holds a perpetual license to the software". The software remains AIBM Inc.'s and is licensed perpetually to each customer (https://www.ownbox.io/license). The one-pager is now published once, at https://www.ownbox.io/deck-1.pdf, and `downloads/Ownbox_Investor_One_Pager_Oct_2026.pdf` is retired from this room.
- **investment-terms.md, Supplemental rights.** Previous: a description of MFN and pro rata language in an earlier one-pager. New: "No MFN or pro rata rights are automatically granted by the proposed cap-only SAFE. Any additional rights would require a separately approved and executed side letter."
- **legal.md.** Previous: "Ownbox is preparing to solicit accredited investors". New: "Ownbox is soliciting accredited investors", as the first investor emails went out on November 2, 2026. The notice on https://www.ownbox.io/raise says the same.
- **Workbooks.** `Ownbox_Investor_Financial_Summary.xlsx` and `Ownbox_SAFE_Dilution_Calculator.xlsx` replaced with current versions; the forecast figures and SAFE terms are unchanged.
- Approved by Brian MacDonald, founder.

## November 1, 2026 — product name
- The product is named the Shared AI Brain, previously the Shared AI Business Brain, in the overview, product, business model and one-pager documents. No figures changed.

## October 29, 2026 — initial publication
- Built two-entry investor experience for humans and their AI agents.
- Proposed $1M raise with three post-money SAFE cap tranches: $400K @ $11M, $350K @ $13M, $250K @ $15M.
- Replaced superseded October one-pager assumptions ($1,899 Pro; $8M/$10M/$12M caps; $1.76M/$7.99M/$26.54M cash forecast) with current $1,599 Pro and management v6 cash forecasts ($1.64M/$7.39M/$23.64M).
- Added downside scenario, risks, lack-of-verified-traction disclosure, source register and explicit non-GAAP cash accounting explanation.
- Added machine-readable CSV and independently downloadable investor workbooks.

## Next updates (not yet completed)
- Executed financing terms, if and when finalized.
- Founder recording URL and published page link verification.
- Verified commercial traction with periods and evidence.
- Reconciled accrual accounting and signed-off operating expense budgets.

**Rule:** each future material change must carry a date, affected filenames, previous versus new values and reviewer approval. Prior versions should be archived internally for a reproducible diligence trail.