Journal · May 2026

Founding members, first

What it means to lock a rate for life — and why the first circle matters.

All notes

Every estate has a first circle — the people who arrive before it is obvious, who see what a place can become and decide to belong to it early.

Founding Membership is built for them. The rate locks for life. It does not move next year, or in five. Everyone after pays what the estate grows into; founders pay what they paid on the day the vision was yet to be proven.

The number is limited, by design. A first circle, by definition, is small.

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