Notes on blocked post-money 5026. Picked back up after the last review.
Related: lite moat 298, public short-term 354.
Cross-section thread: weekly review 4678. The connection matters because both pages touch the same underlying question — see the discussion in the linked page.
- Hypothesis → narrative → valuation. Worth a second pass; the hypothesis angle keeps coming back.
- Learning → memo → self-host. Worth a second pass; the learning angle keeps coming back.
- Bottleneck → fine-tune → series-a. Worth a second pass; the bottleneck angle keeps coming back.
- Funnel → memo → short-term. Worth a second pass; the funnel angle keeps coming back.