feat(pitch-deck): English email templates, investor language preference, link-only invite mode

- Add English email template variants (greeting, message, closing, subject, CTA copy)
- Add `preferred_lang` column to `pitch_investors` — stored per investor, deck opens in that language by default
- Invite form: DE/EN language toggle that switches email defaults and pitch language setting
- Invite form: "Send email" toggle — when off, creates investor + returns magic link without sending email (for cold outreach attachment)
- `app/page.tsx`: initializes pitch language from investor's `preferred_lang` before first render (no flash)
- Migration 007 added to `/api/admin/migrate` route for production rollout

Co-Authored-By: Claude Sonnet 4.6 <noreply@anthropic.com>

pitch-deck/app/api/admin/invite/route.ts

@@ -11,7 +11,7 @@ export async function POST(request: NextRequest) {
   const adminId = guard.kind === 'admin' ? guard.admin.id : null
 
   const body = await request.json().catch(() => ({}))
-  const { email, name, company, greeting, message, closing } = body
+  const { email, name, company, greeting, message, closing, lang = 'de', send_email = true } = body
 
   if (!email || typeof email !== 'string') {
     return NextResponse.json({ error: 'Email required' }, { status: 400 })
@@ -25,17 +25,20 @@ export async function POST(request: NextRequest) {
 
   const normalizedEmail = email.toLowerCase().trim()
 
+  const normalizedLang = lang === 'en' ? 'en' : 'de'
+
   // Upsert investor
   const { rows } = await pool.query(
-    `INSERT INTO pitch_investors (email, name, company)
-     VALUES ($1, $2, $3)
+    `INSERT INTO pitch_investors (email, name, company, preferred_lang)
+     VALUES ($1, $2, $3, $4)
      ON CONFLICT (email) DO UPDATE SET
        name = COALESCE(EXCLUDED.name, pitch_investors.name),
        company = COALESCE(EXCLUDED.company, pitch_investors.company),
+       preferred_lang = EXCLUDED.preferred_lang,
        status = CASE WHEN pitch_investors.status = 'revoked' THEN 'invited' ELSE pitch_investors.status END,
        updated_at = NOW()
      RETURNING id, status`,
-    [normalizedEmail, name || null, company || null],
+    [normalizedEmail, name || null, company || null, normalizedLang],
   )
 
   const investor = rows[0]
@@ -54,12 +57,21 @@ export async function POST(request: NextRequest) {
   const baseUrl = process.env.PITCH_BASE_URL || 'https://pitch.breakpilot.ai'
   const magicLinkUrl = `${baseUrl}/auth/verify?token=${token}`
 
-  await sendMagicLinkEmail(normalizedEmail, name || null, magicLinkUrl, greeting, message, closing)
+  if (send_email) {
+    await sendMagicLinkEmail(normalizedEmail, name || null, magicLinkUrl, greeting, message, closing, normalizedLang)
+  }
 
   await logAdminAudit(
     adminId,
     'investor_invited',
-    { email: normalizedEmail, name: name || null, company: company || null, expires_at: expiresAt.toISOString() },
+    {
+      email: normalizedEmail,
+      name: name || null,
+      company: company || null,
+      expires_at: expiresAt.toISOString(),
+      lang: normalizedLang,
+      send_email: !!send_email,
+    },
     request,
     investor.id,
   )
@@ -69,5 +81,6 @@ export async function POST(request: NextRequest) {
     investor_id: investor.id,
     email: normalizedEmail,
     expires_at: expiresAt.toISOString(),
+    magic_link_url: magicLinkUrl,
   })
 }

pitch-deck/app/api/admin/migrate/route.ts

@@ -160,6 +160,8 @@ export async function POST(request: NextRequest) {
     `ALTER TABLE dataroom_documents ADD COLUMN IF NOT EXISTS description_en TEXT`,
     `ALTER TABLE dataroom_investor_uploads ADD COLUMN IF NOT EXISTS description_de TEXT`,
     `ALTER TABLE dataroom_investor_uploads ADD COLUMN IF NOT EXISTS description_en TEXT`,
+    // 007 — investor preferred language
+    `ALTER TABLE pitch_investors ADD COLUMN IF NOT EXISTS preferred_lang VARCHAR(5) NOT NULL DEFAULT 'de'`,
   ]
 
   for (const sql of statements) {

pitch-deck/app/api/auth/me/route.ts

@@ -14,7 +14,7 @@ export async function GET() {
   }
 
   const { rows } = await pool.query(
-    `SELECT id, email, name, company, status, last_login_at, login_count, created_at, is_showcase
+    `SELECT id, email, name, company, status, last_login_at, login_count, created_at, is_showcase, preferred_lang
      FROM pitch_investors WHERE id = $1`,
     [session.sub]
   )

pitch-deck/app/page.tsx

@@ -1,19 +1,29 @@
 'use client'
 
-import { useState, useCallback } from 'react'
+import { useState, useCallback, useEffect, useRef } from 'react'
 import { Language } from '@/lib/types'
 import { useAuth } from '@/lib/hooks/useAuth'
 import PitchDeck from '@/components/PitchDeck'
 
 export default function Home() {
-  const [lang, setLang] = useState<Language>('de')
   const { investor, loading, logout } = useAuth()
+  const [lang, setLang] = useState<Language>('de')
+  const [langReady, setLangReady] = useState(false)
+  const synced = useRef(false)
+
+  useEffect(() => {
+    if (!loading && !synced.current) {
+      synced.current = true
+      if (investor?.preferred_lang === 'en') setLang('en')
+      setLangReady(true)
+    }
+  }, [loading, investor])
 
   const toggleLanguage = useCallback(() => {
     setLang(prev => prev === 'de' ? 'en' : 'de')
   }, [])
 
-  if (loading) {
+  if (loading || !langReady) {
     return (
       <div className="h-screen flex items-center justify-center">
         <div className="w-12 h-12 border-2 border-indigo-500 border-t-transparent rounded-full animate-spin" />

pitch-deck/app/pitch-admin/(authed)/investors/new/page.tsx

@@ -1,24 +1,48 @@
 'use client'
 
-import { useState, useMemo } from 'react'
+import { useState, useMemo, useEffect, useRef } from 'react'
 import { useRouter } from 'next/navigation'
 import Link from 'next/link'
-import { ArrowLeft, Eye, Send } from 'lucide-react'
-import { DEFAULT_MESSAGE, DEFAULT_CLOSING, getDefaultGreeting } from '@/lib/email-templates'
+import { ArrowLeft, Eye, Send, Link2, Copy, Check, Mail, MailX } from 'lucide-react'
+import {
+  DEFAULT_MESSAGE, DEFAULT_CLOSING,
+  DEFAULT_MESSAGE_EN, DEFAULT_CLOSING_EN,
+  getDefaultGreeting,
+} from '@/lib/email-templates'
+
+type Lang = 'de' | 'en'
 
 export default function NewInvestorPage() {
   const router = useRouter()
   const [email, setEmail] = useState('')
   const [name, setName] = useState('')
   const [company, setCompany] = useState('')
+  const [lang, setLang] = useState<Lang>('de')
+  const [sendEmail, setSendEmail] = useState(true)
   const [greeting, setGreeting] = useState('')
   const [message, setMessage] = useState(DEFAULT_MESSAGE)
   const [closing, setClosing] = useState(DEFAULT_CLOSING)
+  const [messageEdited, setMessageEdited] = useState(false)
+  const [closingEdited, setClosingEdited] = useState(false)
   const [error, setError] = useState('')
   const [submitting, setSubmitting] = useState(false)
+  const [createdLink, setCreatedLink] = useState<string | null>(null)
+  const [copied, setCopied] = useState(false)
+  const prevLang = useRef<Lang>('de')
 
-  const effectiveGreeting = greeting || getDefaultGreeting(name || null)
   const ttl = process.env.NEXT_PUBLIC_MAGIC_LINK_TTL_HOURS || '72'
+  const effectiveGreeting = greeting || getDefaultGreeting(name || null, lang)
+
+  // When language changes, swap defaults unless the user has manually edited
+  useEffect(() => {
+    if (lang === prevLang.current) return
+    prevLang.current = lang
+    const defaults = lang === 'en'
+      ? { message: DEFAULT_MESSAGE_EN, closing: DEFAULT_CLOSING_EN }
+      : { message: DEFAULT_MESSAGE, closing: DEFAULT_CLOSING }
+    if (!messageEdited) setMessage(defaults.message)
+    if (!closingEdited) setClosing(defaults.closing)
+  }, [lang, messageEdited, closingEdited])
 
   async function handleSubmit(e: React.FormEvent) {
     e.preventDefault()
@@ -32,14 +56,23 @@ export default function NewInvestorPage() {
           email,
           name,
           company,
-          greeting: effectiveGreeting,
-          message,
-          closing,
+          lang,
+          send_email: sendEmail,
+          ...(sendEmail && {
+            greeting: effectiveGreeting,
+            message,
+            closing,
+          }),
         }),
       })
       if (res.ok) {
-        router.push('/pitch-admin/investors')
-        router.refresh()
+        const data = await res.json()
+        if (!sendEmail) {
+          setCreatedLink(data.magic_link_url)
+        } else {
+          router.push('/pitch-admin/investors')
+          router.refresh()
+        }
       } else {
         const data = await res.json().catch(() => ({}))
         setError(data.error || 'Invite failed')
@@ -51,8 +84,60 @@ export default function NewInvestorPage() {
     }
   }
 
+  async function copyLink() {
+    if (!createdLink) return
+    await navigator.clipboard.writeText(createdLink)
+    setCopied(true)
+    setTimeout(() => setCopied(false), 2000)
+  }
+
   const closingHtml = useMemo(() => closing.replace(/\n/g, '<br>'), [closing])
 
+  // Success state: link was generated without email
+  if (createdLink) {
+    return (
+      <div className="max-w-2xl">
+        <Link
+          href="/pitch-admin/investors"
+          className="inline-flex items-center gap-2 text-sm text-white/50 hover:text-white/80 mb-6"
+        >
+          <ArrowLeft className="w-4 h-4" /> Back to investors
+        </Link>
+
+        <div className="bg-white/[0.04] border border-white/[0.08] rounded-2xl p-8 text-center space-y-6">
+          <div className="w-14 h-14 rounded-full bg-green-500/15 border border-green-500/30 flex items-center justify-center mx-auto">
+            <Link2 className="w-7 h-7 text-green-400" />
+          </div>
+          <div>
+            <h2 className="text-xl font-semibold text-white mb-1">Investor created</h2>
+            <p className="text-sm text-white/50">No email was sent. Copy the magic link below to use in your outreach.</p>
+          </div>
+
+          <div className="bg-black/40 border border-white/10 rounded-xl p-4 text-left">
+            <p className="text-[10px] font-semibold text-white/40 uppercase tracking-wider mb-2">Magic Link</p>
+            <p className="text-xs text-indigo-300 break-all leading-relaxed">{createdLink}</p>
+          </div>
+
+          <div className="flex items-center justify-center gap-3">
+            <button
+              onClick={copyLink}
+              className="inline-flex items-center gap-2 bg-gradient-to-r from-indigo-500 to-purple-600 hover:from-indigo-600 hover:to-purple-700 text-white text-sm font-medium px-5 py-2.5 rounded-lg shadow-lg shadow-indigo-500/20"
+            >
+              {copied ? <Check className="w-4 h-4" /> : <Copy className="w-4 h-4" />}
+              {copied ? 'Copied!' : 'Copy link'}
+            </button>
+            <Link
+              href="/pitch-admin/investors"
+              className="text-sm text-white/60 hover:text-white px-4 py-2"
+            >
+              Back to investors
+            </Link>
+          </div>
+        </div>
+      </div>
+    )
+  }
+
   return (
     <div className="max-w-5xl">
       <Link
@@ -64,7 +149,9 @@ export default function NewInvestorPage() {
 
       <h1 className="text-2xl font-semibold text-white mb-2">Investor einladen</h1>
       <p className="text-sm text-white/50 mb-6">
-        Der Investor erhaelt eine Email mit einem persoenlichen Magic Link (einmalig, verfaellt nach {ttl}h).
+        {sendEmail
+          ? `Der Investor erhält eine Email mit einem persönlichen Magic Link (einmalig, verfällt nach ${ttl}h).`
+          : `Erstellt den Investor-Datensatz und generiert einen Magic Link — keine Email wird gesendet.`}
       </p>
 
       <div className="grid lg:grid-cols-2 gap-6">
@@ -122,49 +209,114 @@ export default function NewInvestorPage() {
 
           <hr className="border-white/[0.06]" />
 
-          {/* Greeting */}
-          <div>
-            <label htmlFor="greeting" className="block text-xs font-medium text-white/60 uppercase tracking-wider mb-2">
-              Anrede
-            </label>
-            <input
-              id="greeting"
-              type="text"
-              value={greeting}
-              onChange={(e) => setGreeting(e.target.value)}
-              className="w-full bg-black/30 border border-white/10 rounded-lg px-3 py-2.5 text-white focus:outline-none focus:ring-2 focus:ring-indigo-500/40"
-              placeholder={getDefaultGreeting(name || null)}
-            />
-            <p className="text-[10px] text-white/25 mt-1">Leer lassen fuer automatische Anrede basierend auf dem Namen</p>
+          {/* Language toggle + Send email toggle */}
+          <div className="flex items-center gap-3">
+            {/* Pitch language */}
+            <div className="flex-1">
+              <p className="text-xs font-medium text-white/60 uppercase tracking-wider mb-2">Pitch-Sprache</p>
+              <div className="flex rounded-lg border border-white/10 overflow-hidden">
+                <button
+                  type="button"
+                  onClick={() => setLang('de')}
+                  className={`flex-1 py-2 text-sm font-medium transition-colors ${lang === 'de' ? 'bg-indigo-600 text-white' : 'bg-black/20 text-white/50 hover:text-white/80'}`}
+                >
+                  🇩🇪 DE
+                </button>
+                <button
+                  type="button"
+                  onClick={() => setLang('en')}
+                  className={`flex-1 py-2 text-sm font-medium transition-colors ${lang === 'en' ? 'bg-indigo-600 text-white' : 'bg-black/20 text-white/50 hover:text-white/80'}`}
+                >
+                  🇬🇧 EN
+                </button>
+              </div>
+              <p className="text-[10px] text-white/25 mt-1">Standardsprache beim Öffnen des Decks</p>
+            </div>
+
+            {/* Send email toggle */}
+            <div className="flex-1">
+              <p className="text-xs font-medium text-white/60 uppercase tracking-wider mb-2">Email senden</p>
+              <div className="flex rounded-lg border border-white/10 overflow-hidden">
+                <button
+                  type="button"
+                  onClick={() => setSendEmail(true)}
+                  className={`flex-1 py-2 text-xs font-medium transition-colors flex items-center justify-center gap-1.5 ${sendEmail ? 'bg-indigo-600 text-white' : 'bg-black/20 text-white/50 hover:text-white/80'}`}
+                >
+                  <Mail className="w-3.5 h-3.5" /> Ja
+                </button>
+                <button
+                  type="button"
+                  onClick={() => setSendEmail(false)}
+                  className={`flex-1 py-2 text-xs font-medium transition-colors flex items-center justify-center gap-1.5 ${!sendEmail ? 'bg-amber-600 text-white' : 'bg-black/20 text-white/50 hover:text-white/80'}`}
+                >
+                  <MailX className="w-3.5 h-3.5" /> Nein
+                </button>
+              </div>
+              <p className="text-[10px] text-white/25 mt-1">Nein = nur Link generieren</p>
+            </div>
           </div>
 
-          {/* Message */}
-          <div>
-            <label htmlFor="message" className="block text-xs font-medium text-white/60 uppercase tracking-wider mb-2">
-              Nachricht
-            </label>
-            <textarea
-              id="message"
-              value={message}
-              onChange={(e) => setMessage(e.target.value)}
-              rows={4}
-              className="w-full bg-black/30 border border-white/10 rounded-lg px-3 py-2.5 text-white text-sm focus:outline-none focus:ring-2 focus:ring-indigo-500/40 resize-y"
-            />
-          </div>
+          {/* Email customization — only shown when sendEmail=true */}
+          {sendEmail && (
+            <>
+              <hr className="border-white/[0.06]" />
 
-          {/* Closing */}
-          <div>
-            <label htmlFor="closing" className="block text-xs font-medium text-white/60 uppercase tracking-wider mb-2">
-              Grussformel
-            </label>
-            <textarea
-              id="closing"
-              value={closing}
-              onChange={(e) => setClosing(e.target.value)}
-              rows={3}
-              className="w-full bg-black/30 border border-white/10 rounded-lg px-3 py-2.5 text-white text-sm focus:outline-none focus:ring-2 focus:ring-indigo-500/40 resize-y"
-            />
-          </div>
+              {/* Greeting */}
+              <div>
+                <label htmlFor="greeting" className="block text-xs font-medium text-white/60 uppercase tracking-wider mb-2">
+                  Anrede / Greeting
+                </label>
+                <input
+                  id="greeting"
+                  type="text"
+                  value={greeting}
+                  onChange={(e) => setGreeting(e.target.value)}
+                  className="w-full bg-black/30 border border-white/10 rounded-lg px-3 py-2.5 text-white focus:outline-none focus:ring-2 focus:ring-indigo-500/40"
+                  placeholder={getDefaultGreeting(name || null, lang)}
+                />
+                <p className="text-[10px] text-white/25 mt-1">
+                  {lang === 'de' ? 'Leer lassen für automatische Anrede basierend auf dem Namen' : 'Leave empty for automatic greeting based on name'}
+                </p>
+              </div>
+
+              {/* Message */}
+              <div>
+                <label htmlFor="message" className="block text-xs font-medium text-white/60 uppercase tracking-wider mb-2">
+                  Nachricht / Message
+                </label>
+                <textarea
+                  id="message"
+                  value={message}
+                  onChange={(e) => { setMessage(e.target.value); setMessageEdited(true) }}
+                  rows={4}
+                  className="w-full bg-black/30 border border-white/10 rounded-lg px-3 py-2.5 text-white text-sm focus:outline-none focus:ring-2 focus:ring-indigo-500/40 resize-y"
+                />
+              </div>
+
+              {/* Closing */}
+              <div>
+                <label htmlFor="closing" className="block text-xs font-medium text-white/60 uppercase tracking-wider mb-2">
+                  Grussformel / Closing
+                </label>
+                <textarea
+                  id="closing"
+                  value={closing}
+                  onChange={(e) => { setClosing(e.target.value); setClosingEdited(true) }}
+                  rows={3}
+                  className="w-full bg-black/30 border border-white/10 rounded-lg px-3 py-2.5 text-white text-sm focus:outline-none focus:ring-2 focus:ring-indigo-500/40 resize-y"
+                />
+              </div>
+            </>
+          )}
+
+          {!sendEmail && (
+            <div className="flex items-start gap-3 bg-amber-500/[0.08] border border-amber-500/20 rounded-xl p-4">
+              <MailX className="w-4 h-4 text-amber-400 mt-0.5 shrink-0" />
+              <p className="text-xs text-amber-300/80 leading-relaxed">
+                Kein Email wird gesendet. Nach dem Erstellen erhältst du den Magic Link zum manuellen Einfügen in deine Outreach-Email.
+              </p>
+            </div>
+          )}
 
           {error && (
             <div className="text-sm text-rose-300 bg-rose-500/10 border border-rose-500/20 rounded-lg px-3 py-2">
@@ -184,80 +336,108 @@ export default function NewInvestorPage() {
               disabled={submitting}
               className="inline-flex items-center gap-2 bg-gradient-to-r from-indigo-500 to-purple-600 hover:from-indigo-600 hover:to-purple-700 text-white text-sm font-medium px-5 py-2.5 rounded-lg disabled:opacity-50 shadow-lg shadow-indigo-500/20"
             >
-              <Send className="w-4 h-4" />
-              {submitting ? 'Wird gesendet...' : 'Einladung senden'}
+              {sendEmail ? <Send className="w-4 h-4" /> : <Link2 className="w-4 h-4" />}
+              {submitting
+                ? (sendEmail ? 'Wird gesendet...' : 'Wird erstellt...')
+                : (sendEmail ? 'Einladung senden' : 'Erstellen & Link generieren')}
             </button>
           </div>
         </form>
 
-        {/* Right: Email Preview */}
-        <div className="self-start">
-          <div className="flex items-center gap-2 mb-3">
-            <Eye className="w-4 h-4 text-white/40" />
-            <h3 className="text-sm font-semibold text-white/60 uppercase tracking-wider">Email-Vorschau</h3>
-          </div>
-          <div className="bg-[#0a0a1a] border border-white/[0.08] rounded-2xl p-4 overflow-y-auto max-h-[80vh]">
-            {/* Email Card */}
-            <div className="bg-[#111127] border border-indigo-500/20 rounded-xl overflow-hidden">
+        {/* Right: Email Preview (only when sendEmail=true) */}
+        {sendEmail ? (
+          <div className="self-start">
+            <div className="flex items-center gap-2 mb-3">
+              <Eye className="w-4 h-4 text-white/40" />
+              <h3 className="text-sm font-semibold text-white/60 uppercase tracking-wider">Email-Vorschau</h3>
+            </div>
+            <div className="bg-[#0a0a1a] border border-white/[0.08] rounded-2xl p-4 overflow-y-auto max-h-[80vh]">
+              <div className="bg-[#111127] border border-indigo-500/20 rounded-xl overflow-hidden">
 
-              {/* Header */}
-              <div className="px-6 pt-6 pb-3">
-                <p className="text-lg font-semibold text-[#e0e0ff]">BreakPilot ComplAI</p>
-                <p className="text-xs text-white/40 mt-1">Investor Pitch Deck</p>
-              </div>
+                <div className="px-6 pt-6 pb-3">
+                  <p className="text-lg font-semibold text-[#e0e0ff]">BreakPilot ComplAI</p>
+                  <p className="text-xs text-white/40 mt-1">Investor Pitch Deck</p>
+                </div>
 
-              {/* Body */}
-              <div className="px-6 py-3">
-                <p className="text-sm text-white/80 mb-3">{effectiveGreeting},</p>
-                <p className="text-sm text-white/70 leading-relaxed mb-4">{message}</p>
+                <div className="px-6 py-3">
+                  <p className="text-sm text-white/80 mb-3">{effectiveGreeting},</p>
+                  <p className="text-sm text-white/70 leading-relaxed mb-4" dangerouslySetInnerHTML={{ __html: message }} />
 
-                {/* Magic Link Box */}
-                <div className="bg-indigo-500/[0.08] border border-indigo-500/[0.15] rounded-lg p-3 mb-4">
-                  <p className="text-[10px] font-semibold text-indigo-400/80 uppercase tracking-wider mb-1">
-                    Ihr persoenlicher Zugangslink
+                  <div className="bg-indigo-500/[0.08] border border-indigo-500/[0.15] rounded-lg p-3 mb-4">
+                    <p className="text-[10px] font-semibold text-indigo-400/80 uppercase tracking-wider mb-1">
+                      {lang === 'en' ? 'Your Personal Access Link' : 'Ihr persönlicher Zugangslink'}
+                    </p>
+                    <p className="text-xs text-white/50 leading-relaxed">
+                      {lang === 'en'
+                        ? `The link below is single-use and expires after ${ttl} hours. It grants you exclusive access to our interactive pitch deck — including an AI assistant for your questions.`
+                        : `Der untenstehende Link ist einmalig und verfällt nach ${ttl} Stunden. Er gewährt Ihnen exklusiven Zugang zu unserem interaktiven Pitch Deck — inklusive KI-Assistent für Ihre Fragen.`}
+                    </p>
+                  </div>
+
+                  <div className="text-center mb-3">
+                    <span className="inline-block bg-gradient-to-r from-indigo-500 to-purple-600 text-white text-sm font-semibold px-8 py-2.5 rounded-lg">
+                      {lang === 'en' ? 'Open Pitch Deck' : 'Pitch Deck öffnen'}
+                    </span>
+                  </div>
+
+                  <p className="text-[10px] text-white/25 mb-4 break-all">
+                    {lang === 'en' ? "If the button doesn't work: " : 'Falls der Button nicht funktioniert: '}
+                    https://pitch.breakpilot.ai/auth/verify?token=...
                   </p>
-                  <p className="text-xs text-white/50 leading-relaxed">
-                    Der untenstehende Link ist einmalig und verfaellt nach {ttl} Stunden. Er gewaehrt Ihnen exklusiven Zugang zu unserem interaktiven Pitch Deck — inklusive KI-Assistent fuer Ihre Fragen.
+
+                  <p className="text-sm text-white/70 leading-relaxed" dangerouslySetInnerHTML={{ __html: closingHtml }} />
+                </div>
+
+                <div className="px-6 py-4 border-t border-white/[0.05]">
+                  <p className="text-[9px] font-semibold text-white/30 uppercase tracking-wider mb-1">
+                    Vertraulichkeit &amp; Haftungsausschluss
+                  </p>
+                  <p className="text-[9px] text-white/[0.18] leading-relaxed mb-2">
+                    Dieses Pitch Deck ist vertraulich und wurde ausschließlich für den namentlich eingeladenen Empfänger erstellt. Keine Weitergabe. 3-Jahres-Pflicht. Kein Angebot. Planzahlen ohne Garantie. Totalverlustrisiko. Deutsches Recht, Konstanz.
+                  </p>
+                  <p className="text-[9px] font-semibold text-white/20 uppercase tracking-wider mb-1">
+                    Confidentiality &amp; Disclaimer
+                  </p>
+                  <p className="text-[9px] text-white/[0.13] leading-relaxed">
+                    Confidential. Purpose-limited. 3-year obligation. Not an offer. Projections only. Risk of total loss. German law, Konstanz jurisdiction.
                   </p>
                 </div>
 
-                {/* Button Preview */}
-                <div className="text-center mb-3">
-                  <span className="inline-block bg-gradient-to-r from-indigo-500 to-purple-600 text-white text-sm font-semibold px-8 py-2.5 rounded-lg">
-                    Pitch Deck oeffnen
-                  </span>
-                </div>
-
-                <p className="text-[10px] text-white/25 mb-4 break-all">
-                  Falls der Button nicht funktioniert: https://pitch.breakpilot.ai/auth/verify?token=...
-                </p>
-
-                {/* Closing */}
-                <p className="text-sm text-white/70 leading-relaxed" dangerouslySetInnerHTML={{ __html: closingHtml }} />
               </div>
-
-              {/* Legal Footer */}
-              <div className="px-6 py-4 border-t border-white/[0.05]">
-                <p className="text-[9px] font-semibold text-white/30 uppercase tracking-wider mb-1">
-                  Vertraulichkeit &amp; Haftungsausschluss
-                </p>
-                <p className="text-[9px] text-white/[0.18] leading-relaxed mb-2">
-                  Dieses Pitch Deck ist vertraulich und wurde ausschliesslich fuer den namentlich eingeladenen Empfaenger erstellt. Durch das Oeffnen des Links erklaert sich der Empfaenger einverstanden: (a) Vertrauliche Behandlung, keine Weitergabe an Dritte. (b) Nutzung ausschliesslich zur Bewertung einer Beteiligung. (c) Vertraulichkeitspflicht fuer 3 Jahre.
-                </p>
-                <p className="text-[9px] text-white/[0.18] leading-relaxed mb-3">
-                  Kein Angebot, kein Prospekt. Planzahlen ohne Garantie. Totalverlustrisiko. Deutsches Recht, Gerichtsstand Konstanz.
-                </p>
-                <p className="text-[9px] font-semibold text-white/20 uppercase tracking-wider mb-1">
-                  Confidentiality &amp; Disclaimer
-                </p>
-                <p className="text-[9px] text-white/[0.13] leading-relaxed">
-                  Confidential. Purpose-limited. 3-year obligation. Not an offer. Projections only. Risk of total loss. German law, Konstanz jurisdiction.
-                </p>
-              </div>
-
             </div>
           </div>
-        </div>
+        ) : (
+          <div className="self-start">
+            <div className="flex items-center gap-2 mb-3">
+              <Link2 className="w-4 h-4 text-white/40" />
+              <h3 className="text-sm font-semibold text-white/60 uppercase tracking-wider">Link-Modus</h3>
+            </div>
+            <div className="bg-white/[0.03] border border-white/[0.06] rounded-2xl p-6 space-y-4">
+              <p className="text-sm text-white/60 leading-relaxed">
+                Im Link-Modus wird kein Email gesendet. Stattdessen:
+              </p>
+              <ol className="space-y-3 text-sm text-white/50">
+                <li className="flex items-start gap-3">
+                  <span className="w-5 h-5 rounded-full bg-indigo-500/20 text-indigo-400 text-xs flex items-center justify-center shrink-0 mt-0.5">1</span>
+                  Investor-Datensatz wird erstellt (Email, Name, Unternehmen)
+                </li>
+                <li className="flex items-start gap-3">
+                  <span className="w-5 h-5 rounded-full bg-indigo-500/20 text-indigo-400 text-xs flex items-center justify-center shrink-0 mt-0.5">2</span>
+                  Persönlicher Magic Link wird generiert (einmalig, {ttl}h gültig)
+                </li>
+                <li className="flex items-start gap-3">
+                  <span className="w-5 h-5 rounded-full bg-indigo-500/20 text-indigo-400 text-xs flex items-center justify-center shrink-0 mt-0.5">3</span>
+                  Link erscheint hier zum Kopieren — füge ihn in deine Cold-Email ein
+                </li>
+              </ol>
+              <div className="mt-4 bg-amber-500/[0.06] border border-amber-500/15 rounded-lg p-3">
+                <p className="text-xs text-amber-300/70">
+                  Pitch-Sprache: <strong>{lang === 'en' ? 'Englisch' : 'Deutsch'}</strong> — das Deck öffnet sich beim ersten Klick in dieser Sprache.
+                </p>
+              </div>
+            </div>
+          </div>
+        )}
       </div>
     </div>
   )