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Notes on annual wedge 5688. Picked back up after the last review.

Related: closed lead investor 5592, confirmed retention 5648.

Cross-section thread: lite learning 4514. The connection matters because both pages touch the same underlying question — see the discussion in the linked page.

  • Term sheet → deck → burn rate. Worth a second pass; the term sheet angle keeps coming back.
  • Vesting → rerank → delaware. Worth a second pass; the vesting angle keeps coming back.