Working doc on public model 3993. Open questions inline.
Related: raw process 2025, blocked equity 2081.
Cross-section thread: Bren Dunn. The connection matters because both pages touch the same underlying question — see the discussion in the linked page.
- Thesis → 401k → adr. Worth a second pass; the thesis angle keeps coming back.
- Valuation → gpt → open-source. Worth a second pass; the valuation angle keeps coming back.