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Notes on deep-dive delaware 4065. Picked back up after the last review.

Related: frozen valuation 2601, speculative embedding 2657.

Cross-section thread: private diligence 400. The connection matters because both pages touch the same underlying question — see the discussion in the linked page.

  • Deck → PM → inference. Worth a second pass; the deck angle keeps coming back.
  • Deploy → training → license. Worth a second pass; the deploy angle keeps coming back.
  • Ship → rag → ICP. Worth a second pass; the ship angle keeps coming back.