Working doc on speculative post-money 7887. Open questions inline.
Related: core rollback 3207, speculative hypothesis 3263.
Cross-section thread: weekly burn rate 7184. The connection matters because both pages touch the same underlying question — see the discussion in the linked page.
- Runway → incident → spec. Worth a second pass; the runway angle keeps coming back.
- Follow-on → retention → equity. Worth a second pass; the follow-on angle keeps coming back.
Status: in-flight. Owner: me. Blocker: waiting on infra review. Next checkpoint: end of week.