R4-07 · backs slide 26
R4-07 RegGenome JV file
Supports slide 26.
The walk-through on slide 26 is the RegGenome decision. This file is the dated record. Commercial terms stay out; the slide shows everything I’m sharing on terms.
Timeline
| Date | What happened | Record |
|---|---|---|
| Nov 2025 | Weekly MOU discussions with RegGenome (17 Nov, 24 Nov, 1 Dec, 15 Dec). | Fireflies recaps |
| 24 Nov 2025 | Mark Johnston, RegGenome CEO, asks me to confirm my position: the investment had moved from a direct investment in RegGenome to an investment in a joint venture between RegGenome and MoxyWolf. | Gmail thread 1849681959803683129 |
| 10 Dec 2025 | After our call I wrote: “RegGenome doesn’t currently have an appetite for investing in a JV. In that we both still want to work together, we’ve agreed to a strategic partnership … through Staged Technical and Product Market Fit Validation.” I sent a binding statement of intent the same day. | Gmail thread 1851223970695431541 |
| 15 Dec 2025 | MOU follow-up. I set out the validation stages, starting with a secure account management system for accessing their data. | Gmail thread 1851589213436860054 |
| Dec 2025 | Weekly RegGenome and MoxyWolf standups (16, 23, 30 Dec). | Fireflies recaps |
| 15 Apr 2026 | My economy of force audit gave RegGenome an April 30 deadline. It closed on 29 Apr. | R4-05 |
| 5 May 2026 | Content provider agreement countersigned. | Capstone Facts Reconciled |
| 6 Jul 2026 | Bob Wardrop: RegGenome won’t partner as proposed. 70 of their 273 documents carried AI and redistribution restrictions. | Capstone Facts Reconciled |
What it cost and what it saved
There was no joint entity, so there was nothing to unwind when RegGenome ended the partnership.
My account of the decision
RegGenome asked for the stake. They asked in several meetings: $500K from MoxyWolf into a joint venture. I passed. The venture would have been funding RegGenome’s monthly burn, and they weren’t willing to make cuts. I wasn’t going to put half a million dollars and my hours behind that when the anchor needed both.
The 10 Dec email records the outcome in polite terms: no JV, a staged partnership instead. It doesn’t record why. The reason is the burn.
What backs this and what doesn’t:
- The ask, the amount and the reason are my account of those meetings (17 Oct 2026). The emails I’ve pulled don’t name an amount. The Fireflies recaps of the November and December MOU meetings are the place to confirm it.
- The outcome (no JV, a staged partnership, then RegGenome ending it on 6 Jul 2026) is on the record above.
Not yet evidenced: RegGenome’s release on our site in March 2026.
Sources:
- Gmail threads 1849681959803683129 (24 Nov 2025), 1851223970695431541 (10 to 11 Dec 2025), 1851589213436860054 (15 Dec 2025)
- Fireflies meeting recaps: MOU discussions (Nov to Dec 2025) and standups (16, 23, 30 Dec 2025)
- Economy of force audit history (R4-05)
- Capstone Facts Reconciled, 17 Oct 2026
- Capstone Founder Story Evidence, 16 Oct 2026, and my account of 17 Oct 2026 (the ask, the $500K figure and the reason)