in the matter of — Space & Story — a one-person, AEO-first web and SEO studio that ships sites built to rank in AI search, sold off a free audit that shows the gap, always priced under the client's current SEO bill.
A real studio, sure. Strip away your taste and your velocity and ask what compounds while you sleep, and the honest answer right now is not enough.
opinion of the court
Space & Story is a real business, not a wrapper. It has revenue, a sales motion that works with the audit as the wedge, and a founder with a decade of receipts. What keeps it at the bottom edge of rung 4 instead of the top is that most of its defensibility is kinetic: your taste, your speed, your reputation. Those are real, and they are also rented. The structural version is the Marketing OS and the owned audience, and that is the part still under construction.