S
Shoreless, Inc.
Enterprise Agentic AI — 100% Microsoft/.NET Stack · Houston, TX
GS INVESTMENT
$250K
Conv. Note · $10M Cap
Agentic AI
100% Microsoft Stack
Energy / Pipeline
Katy, TX · Founded ~2021
Texas C-Corp (converted)
H1 2025 Revenue
$100K
↑ Services revenue
TC Energy PO
$330K
↑ Phase 2 · May–Dec 2025
Proj. ARR
$600K+
FY25 annualized run-rate
Gross Margin
~100%
Services (no COGS)
Val. Cap
$10M
20% disc. · Conv. Note
Cash (Jun 30 2025)
$259K
Bank + money market
Zero long-term debt
TC Energy PO Value
$329,600
$41,200/mo · 8 months
Signed PO in hand
Accounts Receivable
$67,400
As of June 30, 2025
Net 60 terms
Convertible Notes
$350K
Outstanding (pre-Series Seed)
Auto-conv. at Seed close
Financial Snapshot
H1 2025 Actuals · Balance Sheet Jun 30, 2025
P&L — Jan 1 – Jun 30, 2025
| Services Revenue | $100,150 |
| Contract Labor (COGS) | ($114,500) |
| General & Business Expenses | ($7,546) |
| Office Expenses | ($1,250) |
| Total Expenses | ($123,296) |
| Net Operating Income | ($23,146) |
Note: H1 2025 loss driven by contract labor costs exceeding early-stage revenue. TC Energy Phase 2 PO ($329,600 / May–Dec 2025) was not yet in H1 actuals — significantly improves H2 picture.
Balance Sheet — Jun 30, 2025
| Cash & Bank Accounts | $259,650 |
| Accounts Receivable | $67,400 |
| Total Current Assets | $327,050 |
| Credit Card Liabilities | ($96) |
| Convertible Notes (LT) | ($350,100) |
| Total Liabilities | ($350,196) |
| Total Equity | ($23,146) |
Key: Negative equity reflects early-stage convertible notes not yet converted. The $329,600 TC Energy PO provides ~8 months of contracted revenue runway, materially improving the cash position through year-end.
Revenue Trajectory & Projections
Actuals + Contracted + Projected
| Period | Revenue | Source | Status |
|---|---|---|---|
| H1 2025 (Actual) | $100,150 | Services delivery | ✓ Actual |
| H2 2025 (Contracted) | $329,600 | TC Energy Phase 2 | |
| FY2025 Total (Est.) | ~$430K | H1 + TC Energy | |
| FY2026 (Projected) | $800K–$1.2M | TC renewal + new logos | Projected |
| FY2027 (Projected) | $1.5M–$2.5M | Multi-vertical expansion | Projected |
| ARR Run Rate (FY25E) | $600K+ | Management est. |
Capitalization Table
Post Series Seed (Oct 2025)
| Holder | Shares / Type | Ownership |
|---|---|---|
| Kenneth Myers | 9,500,000 Common | 95.0% |
| Black Lake | 500,000 Common | 5.0% |
| SERIES SEED (Oct 2025) | ||
| Series Seed-1 Investors | 1,291,993 Pref. | @ $0.2833/sh |
| Series Seed-2 Investors | 1,264,542 Pref. | @ $1.5816/sh |
| Conv. Notes → Seed-1 | Auto-convert | At closing |
| Total Authorized | 14,500,000 | Common + Pref. |
Sidecar: GSV SPV XXVII includes Mayes Middleton ($50K), Rocker U Interests, and additional LPs. Microsoft sidecar interest also noted.
Series Seed Deal Terms
Signed Oct 1, 2025
Investment Vehicle
GSV SPV XXVII
Security Type
Series Seed Preferred
Prior Conv. Note Cap
$10M (20% disc.)
Seed-1 Price / Share
$0.2833
Seed-2 Price / Share
$1.5816
Additional Shares (180d)
847,245 Seed-2
Initial Closing
Oct 1, 2025
3rd Closing Updated
Jan 22, 2026
SPV Investors
M. Middleton, Rocker U, Mayes Middleton
Stock Plan
2025 Stock Plan (approved)
Customer Traction & TC Energy Anchor
TC Energy — Phase 2 PO Details
PO Amount
$329,600
Monthly Rate
$41,200
Period
May 1 – Dec 31, 2025
Project
Agentic AI · US Gas Commercial
Buyer: Elize Moreau · TC Energy (elize_moreau@tcenergy.com) · Vendor contact: Ken Myers (KEN@SHORELESS.AI). Payment terms: Net 60. PO #: 4500664463 (signed).
Customer Pipeline & Verticals
| Customer / Prospect | Vertical | Status |
|---|---|---|
| TC Energy | Energy | |
| Accounting Firm | Accounting | In Pilot |
| Logistics Co. | Logistics | In Pilot |
| Real Estate Firm | Real Estate | In Pilot |
| Microsoft (interest noted) | Technology | Strategic Interest |
Microsoft alignment: 100% C#/.NET stack positions Shoreless as a natural ISV partner. Sidecar investor interest from Microsoft ecosystem noted in deal documents.
Product & Technology
Agentic AI Platform · Microsoft/.NET · PLATO Framework
Core Platform Capabilities
Agentic AI Engine: Autonomous agents capable of multi-step reasoning, workflow automation, and decision execution — not just LLM chat wrappers.
100% Microsoft Stack: C#/.NET architecture integrates natively with Azure, Microsoft 365, Teams, Dynamics 365, and Copilot ecosystem. Zero third-party runtime dependency.
Enterprise-Grade Security: On-premise and hybrid deployment options critical for energy sector compliance. TC Energy required security-cleared architecture review.
Measurable Outcomes: +59% throughput improvement and -30% cost reduction demonstrated in customer deployments — quantifiable ROI accelerates enterprise procurement.
PLATO Leader Framework
PLATO — AI Leadership Enablement
Shoreless has developed the PLATO Leader platform, a structured AI maturity and adoption framework designed to accelerate enterprise AI change management — addressing the human side of agentic AI deployment.
Leader Readiness
Change Management
AI Adoption
Digital Twins
Key Verticals Targeted
Investment Thesis
Rare Microsoft-Native Agentic AI: Shoreless is built 100% on C#/.NET, making it a native ISV fit for the world's largest enterprise software ecosystem. As Microsoft pushes Copilot and Azure AI, Shoreless is positioned as a vertical-specialized layer that enterprises can adopt without re-platforming.
Validated in High-Value Energy Vertical: TC Energy is one of North America's largest pipeline operators. A signed $329,600 PO for agentic AI in US Gas Commercial operations is meaningful enterprise validation — not an early-stage pilot. Energy companies are capital-intensive and highly risk-averse; this is proof of serious production readiness.
Measurable, Quantifiable ROI: +59% throughput improvement and -30% cost reduction are enterprise procurement decision triggers. Most AI vendors sell potential; Shoreless sells proven outcomes. This is a competitive moat at the sales cycle level — less susceptible to POC fatigue.
Large, Fragmented TAM: Intelligent process automation + agentic AI market exceeds $25B. Pipeline monitoring / energy operations TAM alone exceeds $14B by 2030. Shoreless's multi-vertical approach (energy, accounting, logistics, real estate) diversifies revenue risk while capturing multiple beachheads.
Experienced Operator Founder: Kenneth Myers (CEO & Founder, 95% owner) is the technical architect with deep C#/.NET and AI expertise. Founder-led, capital-efficient team with skin in the game.
Right Time, Right Stack: The shift from LLM experimentation to production agentic AI is occurring in 2025-2026. Enterprises are moving past chatbots to autonomous workflows. Shoreless is purpose-built for this wave — not retrofitted from a prior generation of RPA or BPM tools.
Founder & Team
Background
Seasoned enterprise software operator and AI entrepreneur. CEO & Founder of Shoreless, Inc. — an agentic AI platform built on Microsoft/.NET. Over 20+ years building technology products; has led teams from concept through production deployments at Fortune 500 clients. Author of the Jon Bragg thriller series (4-book run optioned for TV). Ordained Elder at Grand Lakes Presbyterian Church, Katy, TX. Kickboxing Black Belt (Texas Kickboxing Academy / John Hackleman's The Pit). IMDB-credited actor/producer.
Thought Leadership
Active LinkedIn publisher on enterprise AI strategy — 10+ articles in 2023–2025 covering agentic AI governance, AI adoption frameworks, and the human–AI interface. Key themes: "AI as Iron Man suit" (augment, don't replace), legacy-system-first integration, POC-before-scale methodology. Regular engagement with Greentown Labs (Houston energy innovation hub); Shoreless AI lab officially opened at Greentown Labs in 2025.
C# / .NET
Agentic AI
Enterprise Integration
AI Governance
Greentown Labs
Houston Tech Ecosystem
Selected LinkedIn Publications
📌 "How to Avoid AI Tearing Your Company Apart" — Oct 2025 · Proposes the Shoreless POC-first, legacy-integration framework as antidote to Fortune 500 AI chaos.
📌 "When AI Goes Wrong: What 2025 Taught Us" — Oct 2025 · Practitioner-level analysis of enterprise AI failure modes.
📌 "Are Your Company's Rulebooks Ready for AI Coworkers?" — Oct 2025 · AI governance and workforce readiness playbook.
📌 "Mega Parser: Why We Switched to Smarter Document Processing" — Oct 2025 · Technical deep-dive on Shoreless document intelligence pipeline.
📌 "Don't Get Left Behind: 11 Insider Secrets for Selecting the Right AI Partner" — May 2025 · Practical AI vendor evaluation framework, widely shared.
BL
Black Lake
Co-Investor · 5% minority equity stake
Team note: Single founder-operator model. Kenneth Myers holds all technical and commercial relationships (TC Energy vendor contact). Seed proceeds earmarked to hire first delivery engineers and reduce key-person concentration risk. Myers' public writing and Greentown Labs presence demonstrate credibility and pipeline-building capability beyond the cap table.
Risk Assessment
HIGH
Customer Concentration: TC Energy represents ~100% of current contracted revenue. Loss or non-renewal of the TC Energy relationship would be material. Mitigated by active Phase 2 PO (signed, in progress) and multi-vertical pilots underway.
HIGH
Founder / Key-Person Dependency: Kenneth Myers is the primary technical architect and the vendor contact on TC Energy's PO. Loss or incapacitation of Myers would jeopardize delivery. No succession plan visible at this stage.
HIGH
Consulting-Heavy Revenue Model: Current revenue is services/implementation — not pure SaaS. Gross margins are near 100% today but scaling requires headcount. Transition to product-led recurring revenue is critical and unproven at scale.
MED
Long Enterprise Sales Cycles: Energy company procurement is slow (12–18 months). The TC Energy PO took multiple phases to reach the current $329K scale. Replicating this in new verticals requires sustained pipeline development and capital.
MED
Negative Equity / Early-Stage Financials: As of June 30, 2025, total equity was ($23,146) due to convertible note overhang. Post-Seed conversion normalizes this, but the company is pre-profitability and dependent on TC Energy cash flows.
MED
Agentic AI Market Competition: Microsoft (Copilot), ServiceNow, UiPath, and Palantir are all targeting enterprise agentic AI. Shoreless's advantage is Microsoft-native architecture and energy vertical depth — but large platform incumbents have massive distribution leverage.
LOW
Regulatory / Compliance: Energy sector AI deployments face increasing regulatory scrutiny. Shoreless's on-premise and hybrid deployment model is designed to satisfy compliance requirements, partially mitigating this risk.
Exit Landscape & Strategic Acquirers
$10M cap · 20% disc. · Conv. Note → Seed conversion
Base Case Exit (FY28)
$40–60M
Strategic acq. at $5–8M ARR
10–20x MOIC on $250K note
Upside — Microsoft Acquisition
$100M+
Platform / team acqui-hire + IP
50x+ MOIC scenario
Downside
0–2x
Stalls at TC Energy single client
Partial recovery via note terms
Potential Strategic Acquirers
Microsoft (native stack fit)
ServiceNow (workflow automation)
UiPath (RPA → agentic AI)
Palantir (energy vertical AI)
Accenture / Deloitte (tech-enabled services)
TC Energy (strategic license buyer)
GP Recommendation: INVEST — $250K Conv. Note / Series Seed
Shoreless represents a compelling early-stage bet on the enterprise agentic AI wave with rare differentiation: 100% Microsoft-native architecture, a signed anchor contract with TC Energy ($329K PO), and quantifiable enterprise ROI (+59% throughput, -30% cost). At a $10M cap, the note offers asymmetric upside with near-term revenue visibility from contracted TC Energy deliverables. The primary risks — customer concentration and key-person dependency — are typical for seed-stage enterprise software and manageable with GS board involvement.
Use of Proceeds
• TC Energy Phase 2 delivery
• Engineering team capacity
• New vertical pilots (logistics, RE)
• Working capital
• Engineering team capacity
• New vertical pilots (logistics, RE)
• Working capital
Key Milestones to Watch
• TC Energy Phase 2 completion
• Second enterprise customer signed
• PLATO platform productized
• Series A raise $2–5M (FY26)
• Second enterprise customer signed
• PLATO platform productized
• Series A raise $2–5M (FY26)
GS Value-Add
• B2B SaaS GTM playbooks
• Microsoft partner network
• Energy sector introductions
• Board / investor advisory
• Microsoft partner network
• Energy sector introductions
• Board / investor advisory
Prepared by Derek · October 2025 · Sources: Shoreless Deal Memo (Aug 2025), TC Energy PO #4500664463, Series Seed Purchase Agreement, Capitalization Table, H1 2025 P&L, Balance Sheet (Jun 30 2025), SPV XXVII PPM, Compliance Certificate.
Derek AI
Shoreless Deal Intelligence
Shoreless · Seed