Studio Model

How We Build Companies

Splice is a venture studio, not an accelerator. We co-build with founders, providing research, architecture, and GTM infrastructure—without mandatory platform fees or cap table complexity.

Two-Ledger Architecture

OpCo

Operating Company

Formation equity for each incubation. Clean cap tables, majority founder ownership, standard venture terms.

Fund

Splice Fund (Later)

Begins after systems are hardened and portfolio demonstrates repeatability. LP sidecar for aligned capital.

Three Incubation Models

Model 01

93/7 Co-Incubation

93% Founder / 7% Splice

Founder brings the idea and domain expertise. Splice provides validation, architecture, and GTM infrastructure.

Founder retains majority ownership
Access to HELIOS validation and formation tooling
GTM and fundraising support
No platform fees or hidden costs
Model 02

Wholly Owned

100% Splice (initially)

Splice identifies opportunity, builds initial prototype, then recruits CEO from operator bench.

Splice incubates to validation stage
CEO recruited with founder-level equity
Clean handoff with established traction
Ideal for operators seeking a validated starting point
Model 03

Delayed-Founder

Negotiated at founder join

Complex domain requiring extended research before founder placement. Equity negotiated when CEO joins.

Extended validation and research phase
Founder joins with clear scope and traction
Equity reflects contribution timing
De-risked entry for specialized operators

Which Model Applies?

IF

You have a venture idea and domain expertise → 93/7 Co-Incubation

IF

You're an operator looking for a validated starting point → Wholly Owned (join as recruited CEO)

IF

The domain requires extended research before you're ready to commit → Delayed-Founder

Founder-First Economics

No mandatory platform tax. You don't pay fees for using HELIOS infrastructure. The studio's return comes from equity participation, not platform revenue.

Clean cap tables. Standard venture structures. No hidden complexity, advisory overhangs, or lock-in mechanics.

Founder agency. You make the calls. We provide infrastructure, not mandates.