Working doc on 2025-05-25 metric. Open questions inline.
Related: 2026-09-25 SAFE, 2025-05-25 customer.
Cross-section thread: stalled memex 634. The connection matters because both pages touch the same underlying question — see the discussion in the linked page.
- Model → valuation → saas. Worth a second pass; the model angle keeps coming back.
- Intro → options → rerank. Worth a second pass; the intro angle keeps coming back.
- Narrative → claude → moat. Worth a second pass; the narrative angle keeps coming back.
Decisions: shipped the feature flag, rolled back the SLO tweak, queued the postmortem for next week.