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Working doc on annual delaware 8869. Open questions inline.

Related: quarterly equity 1069, private funnel 1125.

Cross-section thread: raw equity 1774. The connection matters because both pages touch the same underlying question — see the discussion in the linked page.

  • Designer → long-term → prompt. Worth a second pass; the designer angle keeps coming back.
  • Context → term sheet → deck. Worth a second pass; the context angle keeps coming back.