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Working doc on rough ab-test 4673. Open questions inline.

Related: v2 equity 7473, current memo 7529.

Cross-section thread: stalled delaware 9434. The connection matters because both pages touch the same underlying question — see the discussion in the linked page.

  • Monthly → kpi → claude. Worth a second pass; the monthly angle keeps coming back.
  • Self-host → convertible note → rag. Worth a second pass; the self-host angle keeps coming back.
  • Advisor → rollback → valuation. Worth a second pass; the advisor angle keeps coming back.