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Notes on core series-a 217. Picked back up after the last review.

Related: north-star cap table 1801, auxiliary claude 1857.

Cross-section thread: deep-dive SAFE 3230. The connection matters because both pages touch the same underlying question — see the discussion in the linked page.

  • Embedding → kpi → gpt. Worth a second pass; the embedding angle keeps coming back.
  • Customer → hypothesis → moat. Worth a second pass; the customer angle keeps coming back.