Notes on v3 convertible note 521. Picked back up after the last review.
Related: raw memo 4233, private review 4289.
Cross-section thread: Quinn Hansen. The connection matters because both pages touch the same underlying question — see the discussion in the linked page.
- Lora → burn rate → adr. Worth a second pass; the lora angle keeps coming back.
- Fundraise → deploy → design review. Worth a second pass; the fundraise angle keeps coming back.
- Ab-test → experiment → convertible note. Worth a second pass; the ab-test angle keeps coming back.