diff --git a/pitch-deck/components/PitchDeck.tsx b/pitch-deck/components/PitchDeck.tsx
index 9aa80de..e71ac1e 100644
--- a/pitch-deck/components/PitchDeck.tsx
+++ b/pitch-deck/components/PitchDeck.tsx
@@ -212,7 +212,7 @@ export default function PitchDeck({ lang, onToggleLanguage, investor, onLogout,
       case 'annex-sdk-demo':
         return <SDKDemoSlide lang={lang} />
       case 'annex-strategy':
-        return <StrategySlide lang={lang} />
+        return <StrategySlide lang={lang} isWandeldarlehen={isWandeldarlehen} />
       case 'annex-finanzplan':
         return <FinanzplanSlide lang={lang} investorId={investor?.id || null} preferredScenarioId={preferredScenarioId} />
       case 'annex-glossary':
diff --git a/pitch-deck/components/slides/StrategySlide.tsx b/pitch-deck/components/slides/StrategySlide.tsx
index 9cedf58..2450683 100644
--- a/pitch-deck/components/slides/StrategySlide.tsx
+++ b/pitch-deck/components/slides/StrategySlide.tsx
@@ -9,11 +9,98 @@ import { Shield, ScanLine, FileText, Rocket, Users, Building2, Globe, TrendingUp
 
 interface StrategySlideProps {
   lang: Language
+  isWandeldarlehen?: boolean
 }
 
-export default function StrategySlide({ lang }: StrategySlideProps) {
+export default function StrategySlide({ lang, isWandeldarlehen }: StrategySlideProps) {
   const de = lang === 'de'
 
+  const phasesLean = [
+    {
+      icon: Rocket, color: 'text-indigo-400', bg: 'bg-indigo-500/10 border-indigo-500/20',
+      title: de ? 'Phase 1: Gründung' : 'Phase 1: Foundation',
+      period: 'Aug 2026 – Jul 2027',
+      team: de ? '3 Personen' : '3 people',
+      arr: de ? '~60k EUR' : '~EUR 60k',
+      items: de
+        ? ['Gründer + Rechtsanwalt/Datenschutz', 'Erste 5-6 Pilotkunden (SaaS)', 'Beratungsumsätze 5-10k/Mon', 'Prototyp → Produktivbetrieb']
+        : ['Founders + lawyer/data protection', 'First 5-6 pilot customers (SaaS)', 'Consulting revenue 5-10k/month', 'Prototype → production'],
+    },
+    {
+      icon: Building2, color: 'text-purple-400', bg: 'bg-purple-500/10 border-purple-500/20',
+      title: de ? 'Phase 2: Produkt' : 'Phase 2: Product',
+      period: 'Aug 2027 – Jul 2028',
+      team: de ? '4-5 Personen' : '4-5 people',
+      arr: de ? '~200k EUR' : '~EUR 200k',
+      items: de
+        ? ['Erster Entwickler (Full-Stack)', 'Security Engineer für Scanner-Kern', '8-10 Bestandskunden', 'Beratung steigt auf 20k/Mon']
+        : ['First developer (full-stack)', 'Security engineer for scanner core', '8-10 active customers', 'Consulting grows to 20k/month'],
+    },
+    {
+      icon: Users, color: 'text-emerald-400', bg: 'bg-emerald-500/10 border-emerald-500/20',
+      title: de ? 'Phase 3: Vertrieb' : 'Phase 3: Sales',
+      period: 'Aug 2028 – Jul 2029',
+      team: de ? '5-7 Personen' : '5-7 people',
+      arr: de ? '~500k–1M EUR' : '~EUR 500k–1M',
+      items: de
+        ? ['Erste dedizierte Vertriebsperson', 'Backend-Entwickler für Skalierung', '15-30 Bestandskunden', 'Break-Even in Sicht (2029)']
+        : ['First dedicated salesperson', 'Backend developer for scaling', '15-30 active customers', 'Break-even in sight (2029)'],
+    },
+    {
+      icon: Globe, color: 'text-amber-400', bg: 'bg-amber-500/10 border-amber-500/20',
+      title: de ? 'Phase 4: Wachstum' : 'Phase 4: Growth',
+      period: 'Aug 2029 – Dez 2030',
+      team: de ? '7-10 Personen' : '7-10 people',
+      arr: de ? '~2-3M EUR' : '~EUR 2-3M',
+      items: de
+        ? ['Customer Success + Marketing', 'DevOps für Infrastruktur', '50-200+ Bestandskunden', 'Profitabel — organisches Wachstum']
+        : ['Customer success + marketing', 'DevOps for infrastructure', '50-200+ active customers', 'Profitable — organic growth'],
+    },
+  ]
+
+  const phases1M = [
+    {
+      icon: Rocket, color: 'text-indigo-400', bg: 'bg-indigo-500/10 border-indigo-500/20',
+      title: de ? 'Phase 1: Foundation' : 'Phase 1: Foundation',
+      period: 'Aug 2026 – Jun 2027',
+      team: de ? '5 Mitarbeiter' : '5 employees',
+      arr: '75–150k EUR',
+      items: de
+        ? ['Security Engineer + CE-Risikoingenieur als erste Hires', '5 Pilotkunden im Maschinenbau', 'Gründer verkaufen selbst', 'Product-Market Fit beweisen']
+        : ['Security Engineer + CE Risk Engineer as first hires', '5 pilot customers in manufacturing', 'Founders sell themselves', 'Prove product-market fit'],
+    },
+    {
+      icon: Building2, color: 'text-purple-400', bg: 'bg-purple-500/10 border-purple-500/20',
+      title: de ? 'Phase 2: Traction' : 'Phase 2: Traction',
+      period: 'Jul 2027 – Jun 2028',
+      team: de ? '10 Mitarbeiter' : '10 employees',
+      arr: '0,5–1,2M EUR',
+      items: de
+        ? ['Channel Manager für Bechtle/CANCOM', 'DevSecOps + KI-Ingenieur', 'Lösungsberater für Partner-Demos', 'Wiederholbarer Vertriebsprozess']
+        : ['Channel Manager for Bechtle/CANCOM', 'DevSecOps + AI engineer', 'Solutions engineer for partner demos', 'Repeatable sales process'],
+    },
+    {
+      icon: Users, color: 'text-emerald-400', bg: 'bg-emerald-500/10 border-emerald-500/20',
+      title: de ? 'Phase 3: Scale' : 'Phase 3: Scale',
+      period: 'Jul 2028 – Jun 2029',
+      team: de ? '17→25 Mitarbeiter' : '17→25 employees',
+      arr: '2–4M EUR',
+      items: de
+        ? ['Erster Direktvertrieb neben Channel', 'Compliance-Jurist für Glaubwürdigkeit', 'Security-Analyst / Pentester', 'VP Sales übernimmt vom CEO']
+        : ['First direct sales alongside channel', 'Compliance lawyer for credibility', 'Security analyst / pentester', 'VP Sales takes over from CEO'],
+    },
+    {
+      icon: Globe, color: 'text-amber-400', bg: 'bg-amber-500/10 border-amber-500/20',
+      title: de ? 'Phase 4: Leadership' : 'Phase 4: Leadership',
+      period: 'Jul 2029 – Dez 2030',
+      team: de ? '25→35 Mitarbeiter' : '25→35 employees',
+      arr: '4–10M EUR',
+      items: de
+        ? ['EU-Expansion (AT, CH, Benelux)', 'Enterprise-Vertrieb', 'Developer Relations (Snyk-Modell)', 'Break-Even oder Series A']
+        : ['EU expansion (AT, CH, Benelux)', 'Enterprise sales', 'Developer Relations (Snyk model)', 'Break-even or Series A'],
+    },
+  ]
+
   return (
     <div className="max-w-6xl mx-auto">
       <FadeInView className="text-center mb-6">
@@ -77,48 +164,7 @@ export default function StrategySlide({ lang }: StrategySlideProps) {
           {de ? 'Firmenaufbau in 4 Phasen' : 'Company Building in 4 Phases'}
         </h3>
         <div className="grid md:grid-cols-4 gap-3">
-          {[
-            {
-              icon: Rocket, color: 'text-indigo-400', bg: 'bg-indigo-500/10 border-indigo-500/20',
-              title: de ? 'Phase 1: Foundation' : 'Phase 1: Foundation',
-              period: 'Aug 2026 – Jun 2027',
-              team: de ? '5 Mitarbeiter' : '5 employees',
-              arr: '75–150k EUR',
-              items: de
-                ? ['Security Engineer + CE-Risikoingenieur als erste Hires', '5 Pilotkunden im Maschinenbau', 'Gründer verkaufen selbst', 'Product-Market Fit beweisen']
-                : ['Security Engineer + CE Risk Engineer as first hires', '5 pilot customers in manufacturing', 'Founders sell themselves', 'Prove product-market fit'],
-            },
-            {
-              icon: Building2, color: 'text-purple-400', bg: 'bg-purple-500/10 border-purple-500/20',
-              title: de ? 'Phase 2: Traction' : 'Phase 2: Traction',
-              period: 'Jul 2027 – Jun 2028',
-              team: de ? '10 Mitarbeiter' : '10 employees',
-              arr: '0,5–1,2M EUR',
-              items: de
-                ? ['Channel Manager für Bechtle/CANCOM', 'DevSecOps + KI-Ingenieur', 'Lösungsberater für Partner-Demos', 'Wiederholbarer Vertriebsprozess']
-                : ['Channel Manager for Bechtle/CANCOM', 'DevSecOps + AI engineer', 'Solutions engineer for partner demos', 'Repeatable sales process'],
-            },
-            {
-              icon: Users, color: 'text-emerald-400', bg: 'bg-emerald-500/10 border-emerald-500/20',
-              title: de ? 'Phase 3: Scale' : 'Phase 3: Scale',
-              period: 'Jul 2028 – Jun 2029',
-              team: de ? '17→25 Mitarbeiter' : '17→25 employees',
-              arr: '2–4M EUR',
-              items: de
-                ? ['Erster Direktvertrieb neben Channel', 'Compliance-Jurist für Glaubwürdigkeit', 'Security-Analyst / Pentester', 'VP Sales übernimmt vom CEO']
-                : ['First direct sales alongside channel', 'Compliance lawyer for credibility', 'Security analyst / pentester', 'VP Sales takes over from CEO'],
-            },
-            {
-              icon: Globe, color: 'text-amber-400', bg: 'bg-amber-500/10 border-amber-500/20',
-              title: de ? 'Phase 4: Leadership' : 'Phase 4: Leadership',
-              period: 'Jul 2029 – Dez 2030',
-              team: de ? '25→35 Mitarbeiter' : '25→35 employees',
-              arr: '4–10M EUR',
-              items: de
-                ? ['EU-Expansion (AT, CH, Benelux)', 'Enterprise-Vertrieb', 'Developer Relations (Snyk-Modell)', 'Break-Even oder Series A']
-                : ['EU expansion (AT, CH, Benelux)', 'Enterprise sales', 'Developer Relations (Snyk model)', 'Break-even or Series A'],
-            },
-          ].map((phase, idx) => {
+          {(isWandeldarlehen ? phasesLean : phases1M).map((phase, idx) => {
             const Icon = phase.icon
             return (
               <GlassCard key={idx} delay={0.25 + idx * 0.05} hover={false} className={`p-3 ${phase.bg} border`}>