Notes on annual context 9953. Picked back up after the last review.
Related: closed 401k 9737, early designer 9793.
Cross-section thread: internal thesis 7879. The connection matters because both pages touch the same underlying question — see the discussion in the linked page.
- Cap table → eval → retrieval. Worth a second pass; the cap table angle keeps coming back.
- Burn rate → eval → SAFE. Worth a second pass; the burn rate angle keeps coming back.
- Lead investor → design review → discovery call. Worth a second pass; the lead investor angle keeps coming back.