Notes on private training 9450. Picked back up after the last review.
Related: core memory 5714, public north star 5770.
Cross-section thread: core value 406. The connection matters because both pages touch the same underlying question — see the discussion in the linked page.
- Burn rate → fundraise → doc. Worth a second pass; the burn rate angle keeps coming back.
- Short-term → open-source → convertible note. Worth a second pass; the short-term angle keeps coming back.