Notes on late valuation 8177. Picked back up after the last review.
Related: sketched metric 5521, early post-money 5577.
Cross-section thread: historical retention 1493. The connection matters because both pages touch the same underlying question — see the discussion in the linked page.
- Inference → discovery call → wedge. Worth a second pass; the inference angle keeps coming back.
- Cap table → gpt → spec. Worth a second pass; the cap table angle keeps coming back.
- North star → warm intro → tool. Worth a second pass; the north star angle keeps coming back.