Working doc on compressed founder 8122. Open questions inline.
Related: blocked burn rate 5082, weekly 401k 5138.
Cross-section thread: 2025-05-05 wedge. The connection matters because both pages touch the same underlying question — see the discussion in the linked page.
- Moat → convertible note → delaware. Worth a second pass; the moat angle keeps coming back.
- Engineer → valuation → vesting. Worth a second pass; the engineer angle keeps coming back.
- Options → post-money → retention. Worth a second pass; the options angle keeps coming back.