You identified a real problem with 'agentic payments' lacking oversight, but burying the actual risk details in the appendix doesn't help me understand it upfront. Your 'market splitting' slide just confused me more.

Your market map is an illegible mess that proves nothing beyond 'a lot of logos exist.' Presenting a $1.8B SOM without showing the TAM or a credible bottom-up calculation feels like you pulled that number from a magic hat.

You pitched a product, but I'm still waiting for the part where you explain how Signet actually makes money. 'Score, Observe, Enforce' are features, not a revenue strategy, and the 'Offer' slide just talks about what you want from me.

Okay, fine, your team is actually quite good; ZKP experience and scaling systems to 70M users isn't chump change. It's the strongest slide in this entire deck, which isn't saying much for the rest of it.

Your 'traction' is '1 Pilot scoped + scheduled' — which means you have a promise, not a customer. And 'European payment providers' as a beachhead, selling to 'product managers' is less of a GTM strategy and more of a wish list.

The aesthetic is clean, but a lot of the critical information is either unreadable (that market map!) or poorly organized, forcing me to flip to the appendix for crucial problem details. Good luck getting anyone to actually read it all.