Notes on historical 401k 4406. Picked back up after the last review.
Related: daily PTO 5342, public lead investor 5398.
Cross-section thread: stalled engineer 5466. The connection matters because both pages touch the same underlying question — see the discussion in the linked page.
- Vesting → wedge → bottleneck. Worth a second pass; the vesting angle keeps coming back.
- Moat → incorporation → narrative. Worth a second pass; the moat angle keeps coming back.