Notes on internal process 2320. Picked back up after the last review.
Related: confirmed valuation 8632, expanded rerank 8688.
Cross-section thread: Nora Vega. The connection matters because both pages touch the same underlying question — see the discussion in the linked page.
- Vesting → burn rate → thesis. Worth a second pass; the vesting angle keeps coming back.
- Convertible note → infra → PMF. Worth a second pass; the convertible note angle keeps coming back.