Capital Vision Investor Report #002
by Arthur Chang · Authentic Taiwan, Singapore
PageWeaver × SIGHTREAD APP × SIGHTREAD: One Reading Stack, Modelled At 3.3x In 36 Months And 6.4x Over Five Years
Published on: Tue, Oct. 27, 2026 (SGT) · Previous issue #001 · Get the next report

- One stack, four steps, one loop. PageWeaver reads the book overnight, SIGHTREAD APP turns every page into a page-anchored knowledge key, the S$199-a-year library keeps the owner paying, and the SIGHTREAD platform that already runs products, packaging and shelves carries all of it.
- Stack capital S$428,054 (PageWeaver Model 17 S$418,054 + S$10,000 stack integration). Payback in month 16 after launch, annualised ROI 128%, 36-month MOIC 3.28x.
- Five years, base case: S$2.32M cumulative cash, 6.4x MOIC, 6,970 devices in homes, 1,466 library members and a contribution run-rate of S$700,320 a year. At 8x run-rate contribution the stack is worth about S$5.60M, 13 times its capital.
- The subscription is the multiplier. Each PageWeaver sold earns S$373 of hardware contribution plus S$184 of expected library margin: +49% per household, with no extra hardware.
- Growth case (Singapore + Japan from year 2): payback month 15, 5.2x in 36 months and 10.8x over five years.
- Running today: SIGHTREAD APP installs on any phone from a QR code, 7 devices active this week, 17 objects registered (13 products, 4 books), on-device OCR reads Traditional Chinese at 99.76% character accuracy, and SIGHTREAD AI has logged 933 hourly heartbeats.
1. The SIGHTREAD reading stack
PageWeaver is not sold as a gadget. It is the paper entrance to SIGHTREAD: the same system that already makes a product package machine-readable now makes a printed page machine-readable. The hardware earns its own return; the APP and the library turn each device into a recurring account; the platform turns every account into data that serves the rest of the business.
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① PageWeaver readsPlace a book and sleep. The stand turns its own pages and two fixed cameras capture every spread, checking each turn and retrying a miss.
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② SIGHTREAD APP keys itEvery page becomes text on the phone itself (on-device OCR) and the book becomes a SIGHTREAD object with its own ID; answers point back to the page.
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③ The library paysEach device includes 60 days of the S$199-a-year library: ask across every book you own, store page photos, keep writing in YOU WRITE.
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④ SIGHTREAD scales itThe same identity, packaging engine and AI already serve products, shelves and stores, so every book scanned grows one platform.
2. Integrated economics
Cumulative cash after launch, base case. Solid: integrated stack. Dashed grey: PageWeaver hardware alone (Model 17). Dotted: growth case.
| Hardware alone (M17) | Integrated stack | |
|---|---|---|
| Capital | S$418,054 | S$428,054 |
| Payback after launch | Month 17 | Month 16 |
| Steady monthly contribution | S$39,237 | S$45,625 |
| Cumulative cash, 36 months | S$819,263 | S$974,216 |
| MOIC, 36 months | 2.96x | 3.28x |
| Cumulative cash, 5 years | S$1,850,429 | S$2,319,035 |
| MOIC, 5 years | 5.43x | 6.42x |
The hardware column is Model 17 exactly as the capital engine computes it today. The stack adds one thing: the library members that PageWeaver owners become after the 60 days included with the device. Their margin, S$10.50 a member a month after AI, storage and payment costs, is pure addition because the device and the APP are already paid for.
3. Three scenarios
| Scenario | Devices | Library | Payback | MOIC 36 mo | MOIC 5 yrs | Cash 5 yrs | Members, M60 |
|---|---|---|---|---|---|---|---|
|
Conservative sales curve ×0.6 |
4,182 | 25% keep it · 2.5% leave a month | Month 25 | 1.71x | 3.32x | S$0.99M | 566 |
|
Base Singapore, 120 then 130 a month |
6,970 | 35% keep it · 2% leave a month | Month 16 | 3.28x | 6.42x | S$2.32M | 1,466 |
|
Growth Singapore + Japan from year 2 |
10,642 | 45% keep it · 1.5% leave a month | Month 15 | 5.16x | 10.77x | S$4.18M | 3,258 |
Device curves are the three sales curves built into Model 17. Years 4 and 5 hold year 3's monthly rate. Even the conservative case returns the capital 3.3 times over five years.
4. One household
On-device OCR is what makes the library profitable: a 300-page book read on the phone or the PageWeaver controller costs nothing in AI, so AI is spent only on hard pages and questions, each billed by use. The research behind these figures puts the monthly library plan at 66% gross margin and the annual plan at 63%.
5. What runs today
Try it yourself: scan the code with your phone, point the camera at any product or book page, and the APP identifies it, builds its record and answers questions with the page it came from. The library and YOU WRITE run on the same account, so a book scanned in SIGHTREAD appears in the writer's research shelf without being scanned twice.
6. Capital plan
| Gate | What it pays for | Timing | Amount |
|---|---|---|---|
| G0 | R&D core, freedom-to-operate search, prototype round 1 | months 0–4 | S$78,030 |
| G1 | Software and AI, OCR test set, prototype rounds 2–3, usability | months 4–9 | S$64,690 |
| G1+ | Stack integration: device pairing, on-device OCR on the controller, library entitlement | months 4–9 | S$10,000 |
| G2 | Verification, safety certification, production tooling | months 9–13 | S$115,680 |
| G3 | First batch of 500 units, launch, working capital | months 13–15 | S$105,125 |
| Total | Model 17 base S$363,525 + 15% reserve S$54,529 + integration | S$428,054 |
Capital is released gate by gate. G0 is released against the page-turn test: 99% success per turn on 70–80 gsm paperback paper. At the model's 99.9% per turn, a 300-page book finishes without a stop 86% of the time, and every miss is caught by the cameras and retried.
7. The next layer: SIGHTREAD platform
Model 02 sizes the full SIGHTREAD platform build at S$2,599,000, and Model 01 sizes the ten-store unmanned retail system it serves at S$7.6M. The reading stack does not need either to pay back, but it feeds both: every book and product scanned is one more object on the same registry, and every PageWeaver owner is one more SIGHTREAD account. Capital in the stack holds the first position on that curve.
8. All projects: status on 27 Oct 2026
| Project | Where it stands | Capital model |
|---|---|---|
| SIGHTREAD™ PageWeaver | Full 5:14 film and 21 scenes live; R&D plan of 18 work packages; packaging computed, 12 per carton | M17 · S$418,054 · 113% · 17 mo |
| SIGHTREAD APP / Product Rendering | APP live and installable from a QR code; 17 objects, 7 devices; case, payment and delivery chain live | M02 platform · S$2,599,000 · 36 mo |
| SIGHTREAD Market (unmanned stores) | Store, shelves and checkout running as an online simulation | M01 · S$7,609,235 · 75% · 17.6 mo |
| HEARO | Live on App Store and Google Play | M12 · S$60,848 · 124% · 14.2 mo |
| FUN SQUEEZER | Live on Google Play; App Store in review | M10 · S$51,244 · 73% · 24.0 mo |
| Zhang Ji Fu Mian 張記福麵 | Packaging production files for 9 SKUs; supplier page with brand story | M06 · S$171,985 · 158% · 9.6 mo |
| METABOLISM RESET | 28 SKUs listed and priced S$59–76 | M07 · S$409,860 · 78% · 17.9 mo |
| ROOTSOUL × METABOLISM RESET | ODM route set; brand, engineering spec and packaging v1 done | M14 · S$169,689 · 154% · 9.8 mo |
| KAFEMANOR Utility Core | Plug-in utility core in R&D (mechanism gate); engineering cover live | M11 · S$3,599,747 · 235% · 6.6 mo |
| Tian Sui SPICA 天穗 | 12 concept packs; OEM quote fixed | M03 · S$368,926 · 173% · 8.4 mo |
| ATITUDE 态度 | Bubble-tea machine concept; brand identity and R&D cost lines done | M04 · S$2,984,139 · 13.5 mo |
| FANTASIES × patent fabric | Concept, LAB and app live | M05 · S$896,196 · 67% · 19.5 mo |
| CARE EASE | Brand, mechanism and price set; transaction paths open | M08 · S$201,157 · ~25 mo |
| ROPE 繩子繞 | 30 designs; own winding-machine route | M09 · S$98,246 · 44% · 28.8 mo |
| PD-01 KEELFOOT | Research and mechanism route done | M13 · S$96,963 · 105% · 12.9 mo |
| MASOGIA | Eight signet-ring designs; brand story live | M16 · S$110,849 · 33% · 38.5 mo |
| Taiwan Rice 台灣米 | 5 concept SKUs; first-buyer commitment of 90 packs | M15 · S$14,139 · 16% · 74.8 mo |
| Vital Fruit 果本味 | 4 SKUs in stock (144 units) and 20 concept packs | Model in preparation |
| Chang Bakery 張記餅家 | New: 12 co-brand gifts listed as coming soon in the shop | Model in preparation |
| TEASOME ELIXIR | 6 SKUs listed | Model in preparation |
Capital model: capital envelope · annualised ROI · payback in months after launch. Every engine was recomputed today.
9. Get the next report
10. Where to go next
Open the PageWeaver capital account »Try SIGHTREAD APPWatch the PageWeaver filmOpen Capital Vision
Every hardware figure can be adjusted on the PageWeaver capital account and recomputes as you change it. To discuss the stack, reply to the report email or write to arthur@authentictaiwan.com.