Investor Presentation · July 2026

LINX

Where your experience is your asset.

Stein Retzlaff · Founder

The Thesis

Travel is inspired by content, and closed by no one.

Create the memory. Share it. Book through it. Get paid.

Uber, your car. Airbnb, your house.
LINX, your experience is your asset.

The Founder

10+ Years Building the Network

2016

HBO Ice on Fire, first expedition film in Arctic, produced by Leonardo DiCaprio

2018

"How to Change the World with Social Media", consultants for Sea Legacy / National Geographic

2020

First yacht-based heli-skiing in Antarctica with EYOS

2021

10 years building a production company around creating memories for people

2024

Helps launch 14 new experiences on all seven continents in one year, including another world’s first

2025

Winner of Hulu’s show "Got to Get Out"

2026

Stein Studios has filmed more people skiing in Antarctica than anyone on the planet

Jan 2026

LINX officially a C-Corp

Expeditions

Continents

Arctic & Antarctic Trips

Featured in

The Problem

The Friction of Discovery

It takes too long to book.

You see the trip in a friend's memory, then it's weeks of DMs, emails, and quotes to book it. Or it never happens. Nothing connects the content to the booking.

You can't tell what's real.

Trusted recommendations get buried under sponsored placements. At $25K+, choice fatigue produces hesitation, not bookings.

57% plan trips on social, yet converting that into a booking is the industry’s known gap. Phocuswright

The Opportunity

A $776 billion market, driven by referrals almost no one tracks.

Peers, not influencers, drive travel: 55% vs 18% (Phocuswright).

84%

trust word of mouth

→

12.9%

actually captured

87.1%

unmeasured, unrewarded

$0B

untracked referral value in luxury travel

Sources: Grand View Research (Global Luxury Travel Market), Nielsen Global Trust in Advertising (2012), Knight Frank 2025, UBS Global Wealth Report 2024, McKinsey, RulerAnalytics 2024

The Solution

LINX is the trust infrastructure for luxury experiential travel.

Create the memory. Share it. Book straight through it. The person who inspired the trip gets paid.

Expedition team celebrating in Greenland

THE INFRASTRUCTURE

The LINX Loop

Every traveler becomes the next curator.

Curator shares Experience

from their travel stories

Guest

experiences

Attribution tracked,

rewards shared

Guest creates memory,

adds to their travel stories

More Curators

More Experiences Shared

More Trust Data

Better Discovery

More Bookings

More Curators

More CuratorsMore Experiences SharedMore Trust DataBetter DiscoveryMore BookingsMore Curators

The CEO of an operator is also a traveler. The traveler becomes a curator. The curator becomes a member. LINX is built around humans, not roles.

How It Works

The Memory Loop

Memories are the share, the experience, and the artifact you bring home.

The memory IS the share

A curator gives a friend a memory: a thank-you, a moment, a story they actually lived. Not a link. A keepsake.

The friend books and lives it

Trust converts. They experience it themselves and return home transformed.

They bring back their own memory

A digital keepsake to share with the next person. The loop continues. Every traveler becomes the next curator.

The loop repeats. Every traveler becomes the next curator

One person plays many roles: a curator can be an operator, and an operator’s owner is also a traveler. Everyone moves through the same loop.

Discovery

Discover experiences through verified people

9:41

LINX

Chris Davenport

LINX Legend · Since 2026

Pro skier · Ski Mountaineering Hall of Fame · Descents on all seven continents.

Continents

Countries

Followers

7 memories · 7 continents

Follow Chris

Discover a trusted traveler's world

9:41

Antarctic Peninsula · 2025

Skiing Antarctica

“More people have summited Everest than have skied in Antarctica. Best ski trip on the planet.”

Ice Axe Expeditions

Read this chapter →

Open a real, lived memory

9:41

Antarctic Peninsula · Ice Axe Expeditions

Antarctica Peninsula Ski Cruise

An award-winning trip to the remote wilderness of the Antarctic Peninsula.

Antarctic Peninsula · 13 days · Oct–Nov

$38,000per guest

Ski descents to the sea by Zodiac

Expedition yacht as base camp

Led by Ice Axe's polar guides

Verified by Chris Davenport

Inquire to book

Book the exact trip, through the person who lived it

9:41

The trip is complete

Antarctica Peninsula Ski Cruise

10% commission on booking

$3,800

on the $38,000 booking

60%

30%

10%

LINXplatform

$2,280

Chriscurator

$1,140

Guesttravel credit

$380

Chris is paid once the guest completes the trip.

The curator earns. Trust, rewarded.

Value Proposition

Value to Our Users

For Travelers

World-class experiences, verified by people who've actually been there.
The best suggestions on what's next, and a community to share them with.

AI where it compounds: your phone roll becomes a cinematic memory, built on-device at near-zero cost. Discovery runs on the Trust Graph: glass-box, never a black box.

For Operators

Qualified guests, not cold leads.
Your bookings and content engine, white-labeled to your brand.
Turn your guests into your sales team, with full referral visibility.

AI where it compounds: paste your site, our crawler drafts your experiences to edit, and supply grows without a sales army. Attribution and payouts stay deterministic and auditable.

Raja Ampat archipelago at sunrise, expedition schooner at anchor

The Market

The Luxury Travel Market

Global Travel

$1.59T

Total Addressable Market

Experiential (>$500/day)

$58.9B

Serviceable Addressable Market

LINX Commission Pool

$6-9B

5-15% paid to intermediaries

Y3: ~150 Operators

$4.75M

Serviceable Obtainable Market

Yacht Charters$9.3B

Safari & Lodges$17B

Polar Expeditions$3.5B

Heli-Skiing$1.2B

Private Villas$4.2B

Luxury Wellness$5.8B

Adventure & Diving$8.4B

Luxury River & Cruise$9.5B

Source: Grand View Research, Knight Frank 2025, UBS Global Wealth Report 2024, Mordor Intelligence

Demand Hubs (People)

Top-Tier Communities (HOAs)

The Target Audience

Where The Market Lies.

From Martis Camp to Silicon Valley, and Palm Beach to Fisher Island, wealth isn’t an abstraction. It’s densely clustered in trackable hubs.

U.S. Core Bracket

> $1M Net Worth

22,000,000

Top-Tier Communities

Luxury Enclaves / HOAs

18,000

Luxury Operators

Globally Addressable

8,000-15,000+

The 22M Millionaire base density is verified by the UBS Global Wealth Report (2024).

Utilizing revised FCAR brackets (>$1M lot valuations) expanding top-tier targetable HOAs perfectly to ~18,000 isolated units.

Why Now

Trust Converts

Paid Channels

1-3%

conversion rate

Trust-Based Referral

9.5%

conversion rate

3x higher conversion rate

Source: Ruler Analytics, Travel Marketing Benchmark

Creator commerce trained everyone to buy through content. LTK alone drives ~$5B. AI now makes memory-creation nearly free. Experiential travel is the last high-value category without a rail.

THE BUSINESS

Strategic Moats

Our First-Mover Advantage

Trust Graph

Every referral, booking, and review compounds into a proprietary trust network. AI grows supply; no rival can replicate the data.

Operator Lock-In

Operator workflow lives inside LINX. Switching cost grows with every booking, memory, member, and stored asset.

Network Effects

More curators, more value for operators. More operators, more value for curators. A two-sided flywheel.

Memory Network Effects

More memories, richer feed, more members, more memories. The content flywheel compounds.

Social Graph Density

Degree-of-separation visibility creates switching costs. The experiential social network lives on LINX.

The Provenance Graph

Trust, attribution, cost receipts, and verified memories form one glass-box provenance chain. As AI floods the world with synthetic content, certified-real experience is the scarce asset.

White space no one took: UHNW travelers, trusted peers, native memory creation. Airbnb Experiences and Thatch had none. The memory engine kills cold-start; first-party attribution keeps every booking on LINX.

Traction

Three Founding Operators

All 7 continents · Desktop is live

M/Y Solace · Yacht Charter

Kenya · Safari Expedition

Antarctica · Ski Touring

The Team

Built by the leaders of the industry

Advisors

Ben Lyons

Advisor

CEO, EYOS Expeditions

Doug Stoup

Advisor

CEO, Ice Axe Expeditions

Roy Kim

Technical Advisor

Early Engineer at Expedia, Principal at SoFi

Jay Patry

Advisor

Founder & Owner, Patry Group

The Engine

Zeus

The AI workforce that builds and runs LINX

36 specialized AI agents across four teams
Builds and runs LINX like a company 10× its size
Velocity moat: out-build, out-ship, out-learn on a fraction of the headcount
AI where it compounds: supply, memory, verification
Money rails stay deterministic and auditable

Strategy & Orchestration

Plan the work, form the teams, decide

Engineering

Build and ship: web, API, data, QA, deploy

Product & Trust

What to build, UX, and the trust graph (the moat)

Growth & Memory

Operate, grow, and compound every session

Strategy & Orchestration

Plan the work, form the teams, decide

Engineering

Build and ship: web, API, data, QA, deploy

Product & Trust

What to build, UX, and the trust graph (the moat)

Growth & Memory

Operate, grow, and compound every session

Customer Acquisition

Cost to Acquire a Customer

Operator Onboards

Operators share memories and experience cards with their existing clients instead of just sending website links.

›

Clients Become Referrers

Clients share those memories organically within their communities and networks.

›

Geometric Scale

Each operator brings 10-50 new members at $0 marginal cost.

Operator Invite Credit

$250

Each credit can generate $3,000+ in annual revenue from the referrals it unlocks.

Blended Operator CAC

$350

Blended across founder network ($0), referral credits ($250), and trade shows ($1,500+). B2B SaaS industry average is $1,200+.

Blended Member CAC

$42

Most members arrive free. Operators invite their existing clients. Some via $50 invite credits. We don't pay to find wealthy people. They're already the operator's clients.

Go-to-Market

Prove the Loop, Then Scale the Network

Phase 0Now – 12 months

LINX Legends + Monaco Activation

50 Hall-of-Fame icons. Adventure & expedition is the wedge (Davenport × LINX skiing). Yachts layer the premium GMV.

Performance-based distribution. Approval-gated. Reputation-staked.

Activation: Monaco Grand Prix · June 4–7, 2026 · private LINX event.

500–5K

LINX Legends

~25

Transacting ops

$200K

Y1 Revenue Target

Vertical Programs

Mountain & PolarLive

Ocean & YachtMonaco · Jun 2026

Wildlife & SafariQ3 2026

Wellness & RetreatQ4 2026

Film & Story2027

CAC Moat

8–11% of LTV vs industry 30–80%

Phase 1Years 1–3

NA High-End Wedge

Scale operator cascade across North America. Every new vertical multiplies the referral network. The best travel advisors join as LINX curators, a proven acquisition channel (Fora).

5K–100K

Members

300–800

Operators

Operator Verticals

ExpeditionsYacht ChartersSafariAdventure LodgesWellness RetreatsLuxury HOAsPrivate Clubs

Product

Memory-led discovery feed, social graph with degree-of-separation, CuratorOS, Operator SaaS dashboards.

Phase 2Years 3–7

Global Scale-Out

Extend the rails. Let others build on TrustOS. The trust graph crosses borders.

100K–1M

Members

Global

Operators

Scale

●International operators across all 7 continents
●Global safaris, expeditions, yachts, lodges, wellness resorts
●Card programs, HOAs, and private clubs licensing TrustOS

Product

Global APIs. White-label TrustOS. B2B2C integrations for clubs, cards, and platforms.

Operators bring the members. Memories drive the loop. Attribution from day one.

Business Model

The LINX Business Model

10% is the rail fee that closes a booking and pays the curator who drove it. A peer referral is a referral, not the 15–25% an agent takes to manage the deal. The best advisors become LINX curators. Splits favor the curator as they commit.

LINXCuratorTraveler

Free

Invite-only

60%

30%

10%

Pro

$59 / month

50%

40%

10%

Elite

$149 / month

30%

60%

10%

Yacht

Adventure

Lodge

Safari

Wellness

Agent

15-20%

15-25%

20-25%

15-25%

LINX

10%

10% sits well under the agent’s 15–25% — because a peer referral is a referral, not relationship management. Where an advisor owns a world-class operation, they become a LINX operator too. 5% floor grandfathered for founding operators (EYOS, Ice Axe).

Three engines: the memory is the free hook, the 10% rail earns on every booking, storage keeps the assets.

SaaS Subscriptions

Curators

$0 - $149

per month

Free (invite-only) / Pro $59 / Elite $149

Operators

$0 - $1,499

per month

Free / Professional $349 / Premium $749 / Enterprise $1,499

Path to Profitability

Profitable economics from the first booking.

These projections assume the one thing the pre-seed proves: that guests love the memory and share it.

>6:1

LTV:CAC

An operator costs $350 to acquire and generates $2,100+ in commission over 3 years

< 6 months

CAC Payback

The first 1-2 bookings from an operator's referrers cover the acquisition cost

The Next Three Years

YR 1

$4.5M

GMV

$200K

Revenue

~500

Prove the loop

YR 2

$15.8M

GMV

$790K

Revenue

~2,500

Scale the network

YR 3

$40.5M

GMV

$2.16M

Revenue

~10,000

150

Approaching breakeven

Net −$515K → −$560K → −$130K · breakeven ~Year 4

Then the curve compounds: $100M GMV by 2029, $250M GMV by 2030 as category leader.

Members

Operators

Based on the 10% commission ask (5% floor grandfathered for founding operators EYOS + Ice Axe; ~9.5% blended), invoice-based commission, three-tier curator splits (Free 60/30/10, Pro 50/40/10, Elite 30/60/10), conservative conversion. Operator counts shown are actively transacting; signed-to-platform pipeline is 100 / 250 / 500. Approaching breakeven by Year 4.

THE INVITATION

The Human Truth

“The most transformative trip of my life didn’t come from a search engine. It came from a friend.”

Kara Brenholt

“When you’ve skied the entire planet, people ask you where to go. Now there’s finally a way to make that count, and there’s infrastructure for attribution.”

Chris Davenport

Pro Skier, 2x World Champion

“The value in selling experiences comes from those who are sharing stories. There is no platform that captures that until now with LINX.”

Doug Stoup

CEO, Ice Axe Expeditions

The Thesis

The best experiences are remembered, shared, lived again by someone new.

LINX is the verification layer for trust-based commerce. Travel is the wedge.

Trust beats advertising. Memories beat marketing. The people are the proof.

The Ask

$600K

Pre-Seed SAFE

20% Discount · $50K Floor · Rolling Close

One standard, held for everyone.

6-Month Milestones

Experiences Sold

$85K

Revenue

500+

Travelers

Ops Signed

iOS + Android

App Launch

Use of Funds

40%

30%

20%

10%

Product

Acquisition

Operations

Reserve

Conversion Trigger

Standard YC post-money SAFE. It converts at the next priced round, which we target by January 31, 2027.

Uber, your car is your asset.

Airbnb, your house is your asset.

LINX, your experience is your asset.

Helicopter skiing on a snow ridge in Antarctica

Thank you.

LINX

The Trust Network for Luxury Travel

Stein Retzlaff

Founder, LINX

530-386-5371