Diligence · Walletta, Inc. · updated October 20, 2026

Every question you were going to ask, answered before you ask it.

Corporate, IP, dependencies and what is still open, in one file. Green is done and documentable; amber is in progress, with a date.

Corporate

The boring layer. It is either clean or it is not, and it is clean.

Entity and jurisdictionWalletta, Inc., a Delaware C-Corporation, incorporated through Clerky. Operating from San Francisco. Cashier Crew is the product name, not a separate entity.Clean
Founder equityFounder common stock: Temur Valiev 69.72%, Ralina Akhmetzianova 10.00%, both vesting over four years with a one-year cliff from March 4, 2026, 83(b) elections filed. 0.28% transferred by gift from the founder's released shares to two individuals on September 29, 2026. No co-founder disputes, no departed founders, no side letters.Clean
Option pool20% ESOP adopted through Clerky and substantially unallocated — which is what the technical core gets hired out of.Adopted
Equity committed outside the founderNever more than 2.0% of the company: Fastshot, Inc. may take shares instead of cash when its margin fee converts, at the Series A at the investors' price. The gifts above came from the founder's own shares and dilute no one. Standing rule: no more than 10% given away in the first five years.Ledgered
409A valuationNot done. There has been nothing to value and no options issued that require one. It is commissioned at first institutional close, before any option grant.At close
Prior roundsOne angel SAFE outstanding; terms shared on request. Now: not raising; the first 1,000 counters go live from sales. A Series A follows on live numbers.Disclosed

Intellectual property

The question that kills more seed deals than any other: does the company actually own what it is selling?

The production runtimeWritten by the founder, alone, with AI tooling, after incorporation — company property by default, with founder IP assignment executed at incorporation through Clerky.Assigned
Contracted engineeringDevelopment agreement with Fastshot, Inc. and its three engineers. All work product is assigned to Walletta, including work done before signing; Fastshot's pre-existing app builder is carved out, and code it generates for this project is Walletta's. No fixed fee and no salary: 20% of gross margin from acceptance of a working build, capped at $1.5M, until the Series A, 2,000 paying counters or 24 months; then the prior twelve months' fee in cash, or three times that in shares, never more than 2% of the company, at Fastshot's choice. Dmitry Fatkhi leads the engagement for Fastshot. Dima Sukharev, ex-Deel and Alibaba, author of OpenCommit, would lead engineering under a drafted letter of intent: two months of build at $10,000 a month, then $10,000 a month while features ship. Neither agreement is signed yet.Not signed
The earlier prototypeAn earlier demo was built by an outside contractor before the current runtime existed. It is not the code in production. A signed assignment from that contractor is being obtained.In progress
Trademarks and domaincashiercrew.com held by the company. No registered marks yet; filing is planned.Not filed
The code that runs today is the company's, and the engineering agreement assigns everything the team builds from the first line.

Dependencies and concentration

What this product stands on that the company does not control.

AI inferenceSpeech, language and the video persona run on third-party APIs. Cost passes through at $0.25 per active minute against roughly $0.15 of cost. Every vendor sits behind a swappable interface.Concentrated
Video persona vendorCurrently carried on a $210K partner tier at zero cost to us. Real, valuable, and a single point of dependence — the runtime is built so the persona layer can be swapped.Favourable
PaymentsOur own billing — setup fees and subscriptions — runs on Stripe; guest card payments at the counter run on Square's reader. The company never touches a card number and holds no PCI scope beyond SAQ-A. Our own payment-facilitator registration is a later-stage item.Outsourced
Point-of-sale integrationSquare card payments are in the current build, with an acceptance test on a real reader. Toast and Clover next, through the same provider interface. The terminal works alongside the incumbent till rather than requiring migration.This quarter
Hardware supplyOff-the-shelf Apple hardware bought at retail — no custom tooling, no minimum order, no single-supplier exposure. The constraint is working capital on leased kits: sales fund the first ones, the Series A the fleet.No lock-in

Data, privacy and security

Camera and biometricsThe on-device camera is used solely to detect that a person is present. No facial recognition, no biometric identifiers captured, no images stored — the posture that keeps this outside CCPA/CPRA biometric exposure and outside Illinois BIPA entirely.By design
Merchant data ownershipThe merchant owns it. Sales, customers, history — exportable and deletable on request, never sold. Published in the terms, not just asserted here.Contracted
Consumer-protection complianceAutomatic-renewal disclosure, pre-charge email notice and two-click online cancellation — built to California's automatic renewal law rather than retrofitted to it.Papered
Credential handlingVendor API credentials sit behind server-side token issuance with origin restriction; rotation completes with the current build.In progress
SOC 2 / formal certificationNone yet. Planned for the first enterprise account.Not yet

Commercial

Revenue to dateZero. First installs start in October.Pre-revenue
Customer contractsStandard published terms, no minimum term, no lock-in, cancellable by a single email, confirmed within one business day. No bespoke merchant agreements exist, so there is no hidden liability in a drawer.Standard
Field sales structureCommission-only representatives today: $100 on a collected $200 setup fee, then 10% of that location's collected revenue for ten months — paid only from money received, so it cannot outrun cash. California cannot support commission-only field contractors at scale, which is why the seed moves them to W-2.Documented
LitigationNone involving the company.Clean

What is not done

Collected in one place, because a list you have to assemble yourself from six sections is not a disclosure.

1 · No 409A. Commissioned at close, before any option grant.

2 · The engineering agreements are not signed yet. Its equity is issued only at the Series A.

3 · The earlier contractor's IP assignment is outstanding. That code is not in production, and the signature is being obtained anyway.

4 · Zero revenue. The first 1,000 counters come from sales, starting with first installs in October. This is the number that changes, and it is the only one that matters.

5 · No trademark filing, no SOC 2, no payment-facilitator registration.

6 · Credential rotation is in progress as the prototype becomes production infrastructure.

Anything here you want to test, ask. temur@cashiercrew.com — and the full model, with every assumption as an input you can change, is at cashiercrew.com/model.