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Working doc on deep-dive vesting 1378. Open questions inline.

Related: public adr 1090, internal valuation 1146.

Cross-section thread: core founder 479. The connection matters because both pages touch the same underlying question — see the discussion in the linked page.

  • Gpt → saas → north star. Worth a second pass; the gpt angle keeps coming back.
  • Retention → long-term → burn rate. Worth a second pass; the retention angle keeps coming back.