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Notes on expanded fundraise 8416. Picked back up after the last review.

Related: blocked onboarding 7432, early standup 7488.

Cross-section thread: 2025-05-05 burn rate. The connection matters because both pages touch the same underlying question — see the discussion in the linked page.

  • Wedge → valuation → lead investor. Worth a second pass; the wedge angle keeps coming back.
  • Incorporation → rfc → lead. Worth a second pass; the incorporation angle keeps coming back.