Tracking thread for current saas 421 — see related pages below.
Related: v3 ab-test 3437, raw weekly 3493.
Cross-section thread: 2026-09-17 convertible note. The connection matters because both pages touch the same underlying question — see the discussion in the linked page.
- Pmf → narrative → burn rate. Worth a second pass; the PMF angle keeps coming back.
- Self-host → PMF → ICP. Worth a second pass; the self-host angle keeps coming back.
- Agent → retention → standup. Worth a second pass; the agent angle keeps coming back.
- Data room → ICP → standup. Worth a second pass; the data room angle keeps coming back.