Investor Relations

The Tiered Investment Opportunity

$8M minimum viable → $52M at scale. 13 interconnected entities. AI-native operations.

267 sprints · 806+ AI agents · 14 days

18,786

CRM Accounts

$103.2M

Pipeline

Partner Cities

271+

Businesses Enriched

$71.71M

V6 Floor (Y1)

$439.5M

V4 Ceiling (Y1)

$291.03M

V6 Floor (Y5)

$1.65B

V4 Ceiling (Y5)

Executive Summary

Black Hills Consortium is raising $52M to build and scale 13 interconnected entities across technology, media, education, real estate, and community — all coordinated from a 15-acre campus in Custer, South Dakota.

Our thesis: AI-native operations allow a launch team of 9 to output like 45, making it possible to operate 13 entities simultaneously at a fraction of traditional cost. Combined with $0 rent (owned campus), 0% state income tax (SD/WY), and a flywheel model where every entity feeds every other entity, BHC achieves unit economics that coastal competitors cannot match.

The 18,786 accounts are real — all in a live Supabase database, queryable via MCP, powering dashboards today. V6 floor Year 1 projected revenue is $71.71M, scaling to $291.03M by Year 5. Tiered raise: $8M minimum viable, $52M at full scale.

Campus

$2M on 15 acres, fully owned

Launch Team

9 staff + AI = output of 45

Revenue/Employee

$7.95M (3-4x FAANG)

Y1 Expenses

$10.21M vs $71.71M revenue

Tiered Raise Strategy

Not $52M Day 1. Build credibility through stages. Revenue before raise.

1Months 0-6

Bootstrap / Friends & Family

$0.5M–$1M

GrowWise MVP → first 10 paying customers → $50K MRR

GrowWiseBHC Parent

2Months 6-18

Seed Round

$5M–$8M

100 GrowWise customers, campus Phase 1, 3 cities active

GrowWiseBHC ParentTHE OPPass CreekOutpost MediaSettle the West

3Year 2

Series A

$15M–$20M

National GrowWise expansion, 500+ customers, convention announced

All 13 entities operational

4Year 3+

Series B

$25M–$35M

Full 11-entity scale, 1,000+ GrowWise customers, 5+ conventions

Full ecosystem at scale

Grant Pipeline: $1M–$3M Y1

AI writes 20+ grant applications per month — 10x human output, personalized per program

Seed Foundation: $200K-$500K eachSeed Academy: $100K-$300KSettle the West: $150K-$500KBHC Parent: $200K-$1M

Entity Bootstrap Paths

GrowWise

$5-8M seedSaaS infrastructure + first 100 customers

BHC Parent

Self-funded from chamber revenue ($2.6M Y1)

THE OP

Rent-free Y1 on campus, $380K revenue covers ops

Pass Creek

$2-3MCampus acquisition + Phase 1 build-out

Outpost Media

AI-generated content, sponsored by ecosystem

Seed Foundation

Grant-funded from Day 1 ($1.5M Y1)

Seed Academy

Tuition revenue + grants cover Y1

Settle the West

Program of Seed Foundation, grant-funded

Auric Labs

$1-2MFund operations + seed investments

THE CULT

Events revenue + campus venues, convention Y3

Grow Campus

Cost center under Pass Creek allocation

AdventureCap Holdings

Self-funded from STR income ($82K Y1) + property acquisitions

Entity Self-Sufficiency

When does each entity stop needing subsidy? Three tiers of financial independence.

Immediately Self-Sufficient

Revenue exceeds expenses from Day 1

BHC Parent+$640K

Rev: $2.60MExp: $1.96M

Chamber revenue covers all from Day 1

GrowWise+$37.7M

Rev: $59.1MExp: $21.4M

SaaS margins — profitable Month 2

Pass Creek+$40K

Rev: $520KExp: $480K

Internal leases + builder subleases (STR moved to AdventureCap)

Seed Foundation+$450K

Rev: $1.50MExp: $1.05M

Grant revenue exceeds costs from Day 1

AdventureCap Holdings+$33K

Rev: $82KExp: $49K

STR income from 3 cabins, no staff — lean and profitable

Near-Term Self-Sufficient

Breaks even within Y1-Y2

Seed AcademyBE: Month 10

Rev: $910KExp: $1.13M

Enrollment ramps fill deficit

Outpost MediaBE: Month 15

Rev: $1.20MExp: $1.63M

Sponsorship revenue ramps

Strategically Subsidized

Ecosystem value exceeds standalone P&L

THE OP$-950K

Rev: $380KExp: $1.33M

Community anchor — value is foot traffic + brand, not standalone P&L

THE CULT$-180K

Rev: $150KExp: $330K

Pre-convention phase — convention Y3 flips to profitable

Delegate Digital$-140K

Rev: $310KExp: $450K

Digital services — internal BHC clients provide baseline

Settle the West$-280K

Rev: $280KExp: $560K

Flywheel driver — feeds housing, education, tourism to other entities

Auric Labs$-320K

Rev: $200KExp: $520K

Portfolio equity value ($70M+ by Y5) dwarfs operating loss

Grow Campus$-270K

Rev: $0KExp: $270K

Cost center — ops under Pass Creek

Capital Allocation

$52M across 13 entities, optimized for flywheel acceleration

GrowWise$18M

Economic engine$59.1M Y1

Pass Creek$8M

Land development$520K Y1

Seed Foundation$6M

Mission driver$1.5M Y1

Outpost Media$5M

Marketing engine$1.2M Y1

BHC Operations$4M

Chamber + flywheel hub$2.6M Y1

Auric Labs$4M

Equity multiplier$200K Y1

Strategic Reserve$4M

Fast-move capitalOpportunistic Y1

THE OP$3M

Community anchor$380K Y1

$52M Total

$8M minimum viable · $52M at full scale

Revenue Projections

V6 floor (conservative) + V4 ceiling (full market capture)

$71.71M

GrowWise: $60.52MOutpost: $1.78MSeed: $3.65MPass Creek: $0.61MTHE OP: $0.49MAuric: $0.43MOther: $3.79M

$120M

GrowWise: $100MOutpost: $4MSeed: $7.5MPass Creek: $2MTHE OP: $0.85MAuric: $0.6MOther: $4.15M

$178M

GrowWise: $142MOutpost: $6.5MSeed: $13.5MPass Creek: $4.8MTHE OP: $1.2MAuric: $1MOther: $7.4M

$228M

GrowWise: $172MOutpost: $8.5MSeed: $18.5MPass Creek: $8MTHE OP: $1.7MAuric: $1.8MOther: $14.8M

$291.03M

GrowWise: $202.35MOutpost: $11.03MSeed: $30.6MPass Creek: $13.19MTHE OP: $2.43MAuric: $3.72MOther: $23.68M

V6 Floor (Conservative)

Y1$71.71M

Y3$178M

Y5$291.03M

V4 Ceiling (Full Capture)

Y1$439.5M

Y3$990M

Y5$1.65B

Launch Team & AI Leverage

9 staff + 5x AI = output of 45. $7.95M revenue per employee.

Role	Entity	Salary	Fully Loaded
CEO / Founder Ecosystem-wide coordination, investor relations, all 13 entities	BHC Parent	$400K	$538K
CTO Platform architecture, AI systems, Sage AI engine	GrowWise	$275K	$370K
VP Programs Workforce dev, education partnerships, economic dev	BHC Parent	$155K	$208K
VP Operations Admin, finance, facilities, compliance	BHC Parent	$155K	$208K
Lead Engineer Full-stack development, Sage AI, integrations	GrowWise	$225K	$303K
Sales Lead First 100 GrowWise customers, CRM-driven AI outreach	GrowWise	$185K	$249K
Community Manager (SD West) Custer, Hill City, Keystone — field relationships	BHC Parent	$145K	$195K
Community Manager (SD South/North) Hot Springs, Edgemont, Lead, Deadwood	BHC Parent	$145K	$195K
Cafe Manager THE OP daily operations, campus community anchor	THE OP	$145K	$195K
Total (9 staff)		$1.83M	$2.461M

$0.00M

Revenue per employee

Google: $1.7M · Apple: $2.4M

2.9%

Founder comp as % of revenue

$2.105M across 13 entities

$145K

Salary floor, barista to CEO

= $210K+ in Denver (0% state tax)

Scaling Plan

= 45 AI eq.

= 75 AI eq.

= 125 AI eq.

= 200 AI eq.

= 300 AI eq.

Adventure Capitalism

Adventure Capitalism — fly to the Black Hills, see the future, invest in the community

VC Visit Program

Fly to the Black Hills. Tour the campus. Meet the team. Visit partner cities. Invest in the community.

$10K

Mandatory minimum donation per visiting VC

Non-negotiable. Every VC donates. The trip IS the pitch.

Y1 (20 visits)$200K

Y3 (100 visits)$1.50M

Y5 (200+ visits)$4.00M

Donation Revenue (VC + Business Partners)

Y1$254K

Y3$1.88M

Y5$11.6M

All donations to Seed Foundation 501(c)(3) — fully tax-deductible for donors

Business partner donations Y1: 27 donors × $2K avg

Business partner donations Y5: 1,510 donors × $5K avg

Campus Ownership Model

BHC buys the campus. Entities operate rent-free Y1. Market rate Y2+. Natural selection.

BHC Parent (501c6) acquires campus

$2M on 15 acres in Custer, SD. Managed by Pass Creek Holdings.

Entities rent-free Year 1

$174K in rent subsidized. Zero overhead burden for startups.

Market rate Year 2+

$250K Y2 → $1.50M Y5. Only profitable entities stay.

Natural selection

Only profitable entities stay Y2+ — campus always has the best companies

CEO Funding Mechanism

BHC chamber revenue ($2.6M) funds CEO $400K + vehicle allowance → funds ability to bootstrap all entities

BHC chamber revenue$2.6M Y1

CEO compensation$400K

Vehicle allowance$18K/yr

Total founder comp$2.105M

% of ecosystem revenue2.9%

Founder running 13 entities at $2.1M total = BELOW market. Series B CEO of ONE $72M company would earn $600K-$1.2M+.

Competitive Advantage

BHC membership displaces $7.5K–$55K in annual spend. 273% ROI on Day 1.

Community Partner

$3K/yr

Displaces$7.5K

Value multiple2.5x

1 podcast feature/yr, monthly social posts, directory listing, events access

Ecosystem Member

$8K/yr

Displaces$20.0K

Value multiple3.7x

4 podcast features/yr, monthly social spotlight, blog features, event sponsorship, VIP tourism

Best Value

Strategic Alliance

$15K/yr

Displaces$55.0K

Value multiple5x

Monthly podcast, YouTube features, co-branded series, naming rights, full ecosystem integration

$28K

Avg current annual spend

$20.5K

Annual savings with BHC

$525K

Total OTA displacement

Partner Cities Network

9 communities across South Dakota and Wyoming. 271+ businesses enriched with real contact data.

Custer

Pop. 2,100

SDHQ

Hill City

Pop. 1,050

Hot Springs

Pop. 3,548

Keystone

Pop. 336

Edgemont

Pop. 860

Lead

Pop. 3,006

Deadwood

Pop. 1,340

Newcastle

Pop. 3,494

Sundance

Pop. 974

Return Scenarios

Multiple exit paths across a diversified ecosystem

Multi-Path Exit Table

Entity	Exit Type	Range
GrowWise (Primary)	Strategic acquisition, 5-10x ARR	$52M-$200M+
Outpost Media	Media acquisition (Spotify, SiriusXM), 3-8x revenue	$25M-$68M
Pass Creek Holdings	REIT or institutional sale, land appreciation	$2.6M-$35M
Seed Academy	Acqui-hire by ed-tech (Canvas, Coursera, Udemy)	$15M-$50M

Investor Return Scenarios (on $5M at 15%)

Scenario	Exit Value	Return	Multiple
Conservative (GrowWise only)	$52M	$7.8M	1.56x
Base (GrowWise + Outpost)	$86.5M	$13M	2.6x
Upside (Full ecosystem)	$223M	$33.5M	6.7x

The “Build Forever” Alternative

Not every investor wants an exit. BHC offers a perpetual hold option: dividends begin after Year 3 with 20% of net income distributed to shareholders. The flywheel compounds indefinitely — real estate appreciates, media scales to zero marginal cost, and the accelerator generates equity positions that compound for decades. Some of the best investments are the ones you never sell.

Investor Inquiry

Schedule a call to learn more about the $52M opportunity.