Changelog

Notable Sureshake product and documentation updates, newest first.

August 11, 2026 — Execution for every company

The execution record now lives on the company itself, not only on startup marketplace listings:

Execution Seasons for any entity. Baselines, seasons, weekly commitments, and the execution calendar run from your entity workspace (Entity → Execution Record → Execution Seasons) — a marketplace listing is no longer required.
Follower management moved to your entity's Marketplace settings: review follow requests, renew or narrow access, and manage object-level exceptions in one place.
One public profile. The startup profile merged into the public company profile; startup links redirect automatically. Verified investors see their marketplace context — access tier, tier-scoped facts, firm-private notes, and engagement requests — directly on the company page.
Startup search is now the Startups mode of the directory.

August 10, 2026 — Investor Guide

A dedicated Investor Guide for capital providers: verification, publishing and refreshing mandates, public-only startup search, private saves and watchlists, firm-scoped notes, explainable alerts, follow requests, and the qualified-engagement path — including exactly what founders do and do not see about you.

August 8, 2026 — Startup Capital Marketplace

The Startup Capital Marketplace turns founder execution into a portable, verified track record that capital can follow — before, during, and after a raise.

Execution Seasons. Eight-week or custom operating windows with weekly commitments, proof standards attached before work begins, multi-source evidence with explicit missing-evidence states, linked resets for misses, structured weekly reviews (with editable AI drafts), and a Season Review at completion. See the new Execution Seasons guide.
Startup profiles with tiered visibility. Separate public, follower, capital, diligence, and custom audiences, an audience preview, immutable profile versions, and a structured founder-controlled capital status (not_raising, planning, open_to_relationships, actively_raising).
Permissioned follows. Verified capital providers request to follow with a stated reason, tier, observation, and duration (up to 365 days); founders accept, narrow, decline, pause, or revoke — revocation is immediate and the audit history is preserved.
Investor workspace. Private startup watchlists with explainable alerts, private profile saves, firm-scoped notes (never visible to the startup), and versioned investment mandates with observed history.
Evidence-first matching. Mandate fit plus permission-approved execution evidence, full provenance on every suggestion, dismissals and corrections — and no universal scores, pay-to-rank, or popularity boosts.
Controlled capital engagement. Explicit meeting / report / deeper-access requests, founder invitations, equity Capital Objectives, and a provenance-preserving handoff into Capital Outcomes. Passive signals never become capital outcomes.
Programs and portfolios. Branded program season workspaces (the founder keeps the portable record) and member-scoped portfolios with artifacts and collaborators.
API. All of the above is API-accessible: see the new Startup Marketplace endpoints and the updated Execution endpoints (now on canonical /v2 paths).

July 31, 2026 — Interactive DCF models

All six DCF templates on public company pages (terminal growth, EBITDA exit, and revenue exit over 5 or 10 years) are now fully interactive models at /c/{slug}/models/{templateKey}.

Per-year drivers. Seven input tabs — Revenue & EBITDA, CapEx, Working Capital, D&A, Tax Rate, Discount Rate, Terminal Value — with editable per-year cells. Edits recompute the whole model through the public API within about half a second; Reset returns to filing defaults.
Low/mid/high scenarios. Every model computes three scenarios in one pass; "low" pairs the highest discount rate with the lowest exit multiple or terminal growth. Editing a mid assumption re-derives the band edges unless you pin them.
A full audit trail. Supporting Calculations shows the unlevered FCF build-up, mid-year-convention discounting periods from the latest balance-sheet date (with a year-1 stub), per-scenario discount factors, enterprise value, and the equity waterfall down to fair value per share.
Saved and shareable scenarios. Signed-in users can save named override sets and share them via ?scenario={token} links. Scenarios are private; a share token exposes the overrides and scenario name only — never the owner's identity.
Export. Download any model as CSV or multi-sheet Excel, reflecting your current overrides and always embedding the no-advice disclaimer.
AI assistant. A docked model assistant (sign-in required) explains the on-screen model and can propose assumption changes that you review and apply explicitly. It does not give buy/sell advice.
API. DCF responses gain a dcfDetail block (drivers, scenarios, discounting, enterprise value, equity waterfall); compute and export accept per-year drivers overrides; scenario CRUD and public share-token resolution are new endpoint families. See the Financial Model API reference and the new Interactive DCF models guide.
Stock price and upside remain hidden until licensed market data exists. Output is user-generated analysis from explicit assumptions — not issuer guidance, analyst targets, or investment advice.

2026-07-27 — SFRS registry introspection and governed nomenclature

New endpoints. GET /v2/sfrs/concepts serves the governed SFRS concept registry (definitions, roles, prevalence, XBRL mapping chains, rollup and derivation arithmetic); GET /v2/sfrs/schemas lists the platform's versioned, hash-pinned schema artifacts with canonical source provenance. Both are public reads. See the SFRS API reference.
Governed nomenclature. SFRS statement lines are now backed by the open standard's concept registry (93 concepts, validated against a 24-company SEC EDGAR panel) instead of platform-internal mapping tables. Existing sfrs-statements responses are unchanged; future line additions will be strictly additive.
Multi-source substrate. SFRS statements are now persisted per (entity, source) with explicit precedence; sfrs-statements responses may carry additive dataPath, source, and sources metadata identifying where each period's numbers came from.
Migration notes. None required. Integrations may optionally pin the schema versions they expect using GET /v2/sfrs/schemas.

July 27, 2026 — SFRS becomes the financial substrate

All valuation models and financial tables now compute from SFRS-normalized statements rather than source-specific data. Adapters normalize each reporting source into SFRS (SEC EDGAR today; more sources to come), so any company on the platform can be modeled and compared on one standard.

New SFRS schema type financial_supplement (1.0.0): operating income, depreciation & amortization, capital expenditures, diluted EPS, and shares outstanding.
SFRS conversion results now expose line-level fields alongside the strict document payload — filed documents stay strict; analysis consumes observed lines.

July 26, 2026 — Full financials: TTM and fiscal quarters

Public company pages gain a Full Financials view at /c/{slug}/financials: trailing-twelve-month and fiscal-quarter columns across the income statement, balance sheet, and cash flow, derived entirely from SEC filings.

TTM columns sum four consecutive fiscal quarters; balance-sheet values are point-in-time. Unfiled fourth quarters are derived as fiscal year minus Q1–Q3 and flagged as derived.
New public endpoint: GET /v2/entities/{id}/financials/full. See the Company Data API reference.

July 26, 2026 — Multiples, WACC, and earnings power models

The prebuilt model gallery grows from eight to sixteen templates, all computed from SEC filings with explicit assumptions:

Multiples valuation — EV/EBIT, EV/EBITDA, P/E, Price/Sales, Price/Book, and EV/Revenue. The filing metric is locked with provenance; the multiple is yours to set.
Weighted average cost of capital — CAPM cost of equity blended with after-tax cost of debt over the filing-backed capital structure. Beta, risk-free rate, and the equity risk premium are explicit assumptions until market data is licensed.
Earnings power value — normalized EBIT after tax capitalized at the cost of capital, with the margin defaulting to the multi-year filing average.

The company terminal's market-data module is live. When a market-data provider is configured, public company pages show an Exchange Data card — delayed share price, day change, and 52-week range — with provider attribution and an as-of date.

Quotes are cached server-side and clearly marked delayed; when the provider is rate-limited the last known quote is served flagged stale rather than failing.
The marketData section of GET /v2/entities/{id}/company-terminal now carries the quote (price, day change, 52-week range, beta, shares outstanding) with available / unavailable / not_configured states.
Environments without a configured provider are unchanged (not_configured).

July 26, 2026 — Exchange data on public company pages

Quotes are cached server-side and clearly marked delayed; when the provider is rate-limited the last known quote is served flagged stale rather than failing.
The marketData section of GET /v2/entities/{id}/company-terminal now carries the quote (price, day change, 52-week range, beta, shares outstanding) with available / unavailable / not_configured states.
Environments without a configured provider are unchanged (not_configured).

July 24, 2026 — Prebuilt financial models

Public companies now have working prebuilt financial models on their public pages — six DCF variants (terminal growth, EBITDA exit, revenue exit over 5 or 10 years) and 5/10-year historical financial tables.

Deterministic, filing-backed. Models compute from SEC-derived canonical periods; default assumptions are prefilled from filings with per-input provenance, and every assumption is explicit. No AI, no market data.
Model pages. Browse /c/{slug}/models and open any template to adjust assumptions and recompute — for example /c/bentley-systems-inc/models/dcf_5_year_terminal_growth.
Model API. GET /v2/entities/{id}/models lists templates with prefill state; GET …/models/{templateKey} computes with filing defaults; POST …/models/{templateKey}/compute recomputes with overridden assumptions. See the Financial Model API reference.
Output is user-generated analysis from explicit assumptions — not issuer guidance, analyst targets, or investment advice.

July 23, 2026 — Ticker short links and watchlists

Public companies now have ticker-based short links, and signed-in users can track companies with personal watchlists.

Ticker short links. www.sureshake.com/t/BSY now redirects to the canonical company page (/c/bentley-systems-inc). Short links accept an exchange ticker or a Sureshake-native ticker, are case-insensitive, and only resolve companies that are live in the public directory.
Ticker resolution API. A new public endpoint, GET /v2/entities/public/by-ticker/{ticker}, resolves a ticker to the canonical company slug and path, with matchedBy reporting whether the Sureshake-native or primary exchange ticker matched. Unknown or non-live tickers return 404. See the Company Data API reference.
Watchlists. Star a company from its public page to add it to a watchlist, manage your lists on the new /watchlists page, and jump there from the Watchlists link in the dashboard navigation. Watchlists are private to your account. The full lifecycle — create, list, detail, delete, add and remove companies — is available via the Watchlist API.

July 20, 2026 — Public directory profile overhaul

The public directory profile page was redesigned around precise, neutral status language and truthful state.

Reference-profile vocabulary. Unclaimed profiles are now labeled Reference profile and Not managed by the organization instead of "Unverified"/"Unclaimed". Status labels describe what Sureshake has or has not verified — never a judgment of the listed organization. Empty filing states now read No Sureshake filings yet.
Independent trust dimensions. The new Profile Trust and Provenance panel reports identity control, cited public sources, filing integrity (timestamps), certifications, attestations, and confirmed relationships as separate dimensions. There is no composite trust score. A timestamp proves a filing is unchanged since filing — not that its contents are correct.
Sources and provenance. Profiles now show a Sources panel with cited sources, plus field-level provenance lines ("Source: … · Checked …") that state where each fact came from, who supplied it, and when it was last checked.
Truthful action gating. Profile actions (Follow, Claim and verify profile, Request access) are derived server-side. Request access only appears on organization-managed profiles with permissioned content — unclaimed reference profiles no longer show actions that cannot be fulfilled. Degraded data renders as "temporarily unavailable" rather than misleading zeros.
API. A consolidated read model, GET /v2/directory/{subjectType}/{slug}/profile-experience, returns presentation state, action states with reason codes, trust dimensions, and provenance in one response (currently behind a rollout flag). See the Directory API reference.

New guides: Understanding reference profiles, Claiming your organization's profile, and Following profiles and requesting access.

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