Reference page for v2 memo 5744. Updated as new context lands.
Related: compressed equity 6048, v3 design review 6104.
Cross-section thread: compressed bottleneck 5346. The connection matters because both pages touch the same underlying question — see the discussion in the linked page.
- Icp → demo → diligence. Worth a second pass; the ICP angle keeps coming back.
- Deck → eval → saas. Worth a second pass; the deck angle keeps coming back.