LARP — Revenue infrastructure for serious founders

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Trusted by 400+ finance and accounting teams

VerithorNorthbankCadenza Systems<br>Halyard & VaneOrlick LabsSteelportMerridian

99.98%<br>Settlement uptime

Median recognition latency

SOC 2 Type II<br>Audited annually

How it works

Three steps to a rounding error the size of a Series B.

No product required. No customers required. No, seriously — no customers.

01 — Match with a peer

Any founder with a bank account and a dream.

You both agree on a number. Bigger is better. The number is the entire product.

02 — Wire it in a circle

You → them → you. Or don't. Honestly, don't.

Each leg counts as revenue for the receiver. Two legs, two "customers," zero net cash.

03 — Recognize it forever

Annualize. Then annualize the annualization.

$10k/mo becomes $120k ARR. Loop weekly and watch a single hundred-dollar bill fund a whole deck.

The catch

There isn't one. That's the catch.

The number in the pitch is real. Whether it means anything is a philosophy question, not an accounting one.

This isn't hypothetical

The trillion-dollar version books about as much new demand as yours did.

Same shape as your ledger — capital, chips, and cloud credits circling a handful of companies, each leg counted as revenue somewhere. Tap a company to see the actual reported deals. Every figure is real and sourced.

capital flowing<br>chips / compute flowing back<br>tap a node

To be clear: every deal here is legal, publicly announced, and defended by the people in it — Anthropic CEO Dario Amodei called the structure "nothing inappropriate in principle." Critics compare the pattern to 1990s dot-com vendor financing and warn it can inflate the appearance of demand. As Bloomberg puts it, a circular deal is legally different from a fraudulent "round-trip" — regulators' term for sham trades with no economic substance designed to inflate results. LARP is a joke about the round-trip. This is the legal cousin it rhymes with.

The ledger — live

Book some revenue.

Enter a friend's startup and a number. Hit execute. Watch your ARR launch while your cash sits exactly where it started: nowhere.

Your annual recurring revenue

$0

NET CASH MOVED: $0

Counterparty startup

Monthly loop amount ($)

Execute loop ⇄<br>Reset books

You — Bird Capital Holdings

Debit / Credit journal

No entries yet. Suspiciously honest of you.

Revenue recognized$0

Synergos AI

Debit / Credit journal

Also waiting to get rich doing nothing.

Revenue recognized$0

$0<br>ARR

Loops closed

MoM growth

0.0x<br>Burn multiple

Withdraw earnings

Chart shows revenue recognized. It does not, and cannot, show cash — because there isn't any.

Customers

Finance teams close faster on LARP.

Controllers and CFOs use LARP to remove settlement friction from the revenue cycle.

"We recognized 340% year-over-year revenue growth without any change to our cash position. Our auditors had no questions. The journal entries were already there."

DM<br>D. Mercer<br>VP Finance, Cadenza Systems

"Before LARP, growth was constrained by whether customers actually paid us. That's no longer a bottleneck we think about."

RO<br>R. Oduya<br>Controller, Northbank

"We closed the quarter in four days. Every entry reconciles perfectly, because every entry has a matching entry."

SV<br>S. Valko<br>CFO, Halyard & Vane

Developers

Settle programmatically.

A single endpoint posts matched entries to both counterparties.

curl -X POST https://api.larp.co/v1/settlements \<br>-H "Authorization: Bearer $LARP_API_KEY" \<br>-d counterparty_id=cp_8f2a91 \<br>-d amount=1000000 \<br>-d currency=usd \<br>-d recognition=monthly

"id": "stl_4b1e77",<br>"status": "settled",<br>"amount": 1000000,<br>"recognized_by": ["acct_self", "cp_8f2a91"],<br>"net_capital_movement": 0,<br>"journal_entries": 4

Both counterparties recognize the full amount. See Recognition → Symmetry.

Support

The legality question.

Is this legal?

Yes. LARP facilitates mutual service agreements between consenting, verified business entities. Each agreement specifies genuine deliverables and genuine consideration, and each party independently recognizes revenue under ASC 606 upon satisfaction of its performance obligation. Bilateral commercial arrangements — including reciprocal vendor relationships, strategic partnerships, and vendor financing — are longstanding and lawful features of commercial practice, and are widely used by public companies today.

Customers are solely responsible for determining whether their use of the platform complies with applicable accounting standards, disclosure obligations, and securities law. LARP does not provide accounting, legal, or tax advice. Our platform records what our customers instruct it to record.

How is this different from round-tripping?

Round-tripping refers to sham transactions with no economic substance, entered into for the purpose of inflating reported results. LARP requires that all agreements specify genuine deliverables. Determining whether a given arrangement has economic substance...