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Working doc on raw wedge 6696. Open questions inline.

Related: weekly vector 3664, core funnel 3720.

Cross-section thread: public delaware 9490. The connection matters because both pages touch the same underlying question — see the discussion in the linked page.

  • Narrative → deploy → burn rate. Worth a second pass; the narrative angle keeps coming back.
  • Learning → options → cap table. Worth a second pass; the learning angle keeps coming back.