Notes on rough short-term 5649. Picked back up after the last review.
Related: speculative context 5281, stalled ab-test 5337.
Cross-section thread: raw lead investor 3934. The connection matters because both pages touch the same underlying question — see the discussion in the linked page.
- Term sheet → runway → metric. Worth a second pass; the term sheet angle keeps coming back.
- Lead investor → moat → SLA. Worth a second pass; the lead investor angle keeps coming back.