Series

Reference · Hadto Model

Reference memos on Hadto's governance charter and capital stack: who controls what, who gets paid first, and what stays locked.

1. Capital stack architecture memo for a Hadto venture 2026-04-15

   Start with the plain question of who gets paid first, who takes the first hit when things go wrong, and who stays in charge. From there, one Hadto venture uses senior debt, an optional community participation layer, and operator common equity.

2. Governance charter draft template for a Hadto venture 2026-04-15

   The template keeps operator common in ordinary control, preserves senior and community priority, and gives the mission lock a governance-only veto.