A speculative protocol specification for the near-future of capital markets, where solo founders and tiny teams list on an agent-native exchange.
ソロ起業家と少人数チームがAIエージェント主導の取引所に上場する、 近未来の資本市場プロトコル仕様（思想的草案）。
🌱 Seed stage. No implementation yet. Open for discussion, forking, and improvement.
This repository is a document, not a product. A call to builders, not a company.
Between 2025 and 2035, three forces are reshaping capital markets:
- Solopreneurs are achieving 5.7× revenue-per-employee via AI tooling (AI-native startup avg: $3.48M/employee vs traditional SaaS $610K/employee).
- Traditional VC is collapsing under the DPI crisis (2018-vintage funds sitting at ~0.6× DPI vs historical 0.8×).
- IPO markets have shrunk to a fraction of their 1990s size (US: median 158/year in 1980-2019 → 90 in 2025, with median IPO age 13-14 years).
The existing capital stack was built for a world of 200-person companies scaling to 2,000. The next decade's winners will be tiny teams scaling to massive revenue without ever adding headcount.
They need a market designed for them.
This repository outlines what that market could look like.
- MANIFESTO.md — Why we are writing this (5 min)
- AIP-001: Core Thesis — The central argument (15 min)
- research/ — Empirical grounding (data, sources, citations)
- scenarios/ — Near-future scenarios (2026–2040)
- aips/ — All improvement proposals
This repository explores two complementary ideas:
- TINY — A listing venue with radical criteria (≤10 employees, ARR ≥ $500K, profitable, no VC > $10M). A stock exchange where smallness is the virtue.
- AGORA — An agent-native trading layer where human investors express intent and autonomous AI agents execute 24/7/365.
They can exist separately. They can compose. This protocol specifies both.
This is a public-domain seed. We welcome:
- Fork it. Take these ideas and build something better.
- File an AIP. Propose improvements via pull request. See aips/aip-template.md.
- Translate.
translations/accepts any language. - Cite contradicting evidence. Open an Issue if data undermines the thesis.
- Implement a fragment. Even a demo matters.
See CONTRIBUTING.md.
- ❌ Not a company. Not a token. Not an ICO.
- ❌ Not legal, financial, or investment advice.
- ❌ Not a prediction of certainty — only of plausibility.
- ❌ Not the work of a single author — it is a seed for collective authorship.
- ✅ A structured thought experiment grounded in 2025 data.
- ✅ A specification vocabulary for builders and regulators.
- ✅ An invitation to a conversation that must happen.
CC0 — Public domain. Use freely. Build openly.
Seeded by @NEXT-STANDARD, April 2026, Japan.
The author will not run this market.
Someone else will.
This document exists so that they can.