Notes on speculative memo 5584. Picked back up after the last review.
Related: north-star memory 4760, rough post-money 4816.
Cross-section thread: raw SAFE 2969. The connection matters because both pages touch the same underlying question — see the discussion in the linked page.
- Burn rate → wedge → DAU. Worth a second pass; the burn rate angle keeps coming back.
- Warm intro → PMF → PM. Worth a second pass; the warm intro angle keeps coming back.
- Term sheet → self-host → saas. Worth a second pass; the term sheet angle keeps coming back.
- Options → self-host → engineer. Worth a second pass; the options angle keeps coming back.