Resources · Investor Relations
Patient capital, plainly told.
The best investor relations begin long before there is anything to invest in — with a clear account of how the business works, and what we would never do with someone else’s money.
This certifies that
Michelangelo
offers no shares, tokens or interests of any kind through this page.
Privately held · No securities are offered · Michelangelo is not raising capital through this website
IWhere we stand today
The honest answer is short.
An investor relations page usually begins with a share price. Ours begins with a plain statement of what does not exist — because that is the first thing an honest investor would want to know.
- Ownership
- Privately held.
- Public shares
- None. Nothing is listed or traded.
- Tokens
- None. No token represents ownership, membership or value.
- Current offering
- None. No capital is being raised.
IIHow we think about capital
Capital should buy a specific thing — never a vague share of everything.
i
One entity at a time
An investor would own part of one ring-fenced company, with its own books and risks — not a blended claim on the whole group.
ii
Separate from membership
Membership in the proposed governance DAO is a voice, not an investment. Owning equity would be a different instrument under different law.
iii
Earned, not engineered
Returns would come from a business that serves people well over many years: renewals, persistency and trust — not from growth at any cost.
See Governance for why belonging, voting, owning and underwriting are kept in four separate vaults.
IIIWhere capital could enter
Not every door is meant to open.
Each company in the proposed group has a different relationship with outside money. Two could one day welcome it. Two should not.
- I
Insurance agency
Owner capital only. Any new owner of a licensed agency triggers regulatory review of ownership and control first.
Closed
- II
Financial platform
The most natural place for outside equity: a technology company that can raise capital without touching licensed activity.
Could be open
- III
Capital vehicle
A purpose-built entity, if ever formed, through which a lawful offering could be made with full disclosure.
Could be open
- IV
Underwriting partnerships
Risk capital from qualified providers through licensed insurers or reinsurance — never from the general public.
Closed
“Could be open” means only that a lawful offering is conceivable after formation and legal review — not that one exists or is planned.
IVWhat we would measure
Six numbers that tell the truth about an insurance business.
Every value below is a dash, because we have not yet published audited figures — and a dash is honest where a number would be a guess.
| Measure | Why it matters | Value | Standing |
|---|---|---|---|
| Policies in forceThe size of the book the agency actually serves. | The size of the book the agency actually serves. | — | Unavailable |
| Persistency at 12 monthsHow many customers keep their coverage — the truest test of a good recommendation. | How many customers keep their coverage — the truest test of a good recommendation. | — | Unavailable |
| Commission chargeback rateRevenue returned when policies lapse. Low only when people were placed well. | Revenue returned when policies lapse. Low only when people were placed well. | — | Unavailable |
| Cost to acquire a customerTotal marketing and handling cost per enrolled customer, fully loaded. | Total marketing and handling cost per enrolled customer, fully loaded. | — | Unavailable |
| Complaints per thousand customersMeasured, published and reviewed by the Compliance committee. | Measured, published and reviewed by the Compliance committee. | — | Unavailable |
| Reserves against obligationsCapital held versus what each entity must hold — always above the line. | Capital held versus what each entity must hold — always above the line. | — | Unavailable |
Figures appear here only when they are actual — never estimated to fill a page.
VWhat we would report
Bad news first, and in writing.
- I.A quarterly letterWhat happened, what it cost and what we learned — including what went wrong.
- II.Annual financial statementsPrepared entity by entity, and independently audited once the group’s size or any investors require it.
- III.The governance reportDecisions taken, votes cast, committee work and changes to the governing documents.
- IV.Every number labeledActual, pending, estimated or unavailable — the same rule we apply to our clients’ reports.
VIThe only lawful ways in
If ownership is ever offered, it will come through one of these doors.
In the United States, an offer of securities must be registered or fit a recognized exemption. Calling something a token or a membership does not change that. These are the routes securities counsel would weigh.
- Door I
Registration
WhoAnyone, after a registration statement is filed and declared effective.
The fullest disclosure and the highest cost. Not contemplated in the near term.
- Door II
Private placement — Rule 506(b)
WhoAccredited investors and a limited number of sophisticated others, with pre-existing relationships.
No general advertising. This website could never be used to find investors for it.
- Door III
Private placement — Rule 506(c)
WhoAccredited investors only, whose status must be verified.
Public announcement is allowed, but only verified accredited investors may buy.
- Door IV
Regulation Crowdfunding
WhoThe public, within annual investment limits, through a registered funding portal or broker-dealer.
Offering documents filed with the SEC; ongoing annual reports.
- Door V
Regulation A
WhoThe public, within offering limits, after SEC qualification.
A mini-registration with audited financials for larger tiers.
None of these doors is open today. No decision has been made to open any of them.
VIICommitments
What we will never do with capital.
- iPromise a return, a dividend or a date by which anyone will be paid.
- iiAccept investment money through this website, a chat or a social channel.
- iiiGive shares, tokens or value to customers for buying, borrowing or filing.
- ivCall a token, membership or reward something it legally is not.
- vTake capital into a licensed company without its regulators’ review.
- viLet an investor’s money reach a customer’s premium, refund or settlement.
Correspondence
Partners, press and existing stakeholders may write to us. We will answer questions about how the business works — but we cannot discuss investing, because there is nothing to invest in.
Important notice
This page is provided for general information about how Michelangelo is organized and how it thinks about capital. It is not an offer to sell, or a solicitation of an offer to buy, any security, membership interest, token or other investment, and it must not be relied on in making any investment decision. Any offer would be made only through formal offering documents, to eligible persons, in compliance with applicable securities laws.
Statements about future structures, entities, measures and reporting are forward-looking and describe intentions that may change or never occur. Descriptions of registration and exemption routes are general and are not legal advice. Michelangelo does not collect investment interest through this website.