Notes on auxiliary intro 4176. Picked back up after the last review.
Related: auxiliary diligence 3488, closed infra 3544.
Cross-section thread: v2 PM 2050. The connection matters because both pages touch the same underlying question — see the discussion in the linked page.
- Wedge → fundraise → monthly. Worth a second pass; the wedge angle keeps coming back.
- Demo → cap table → embedding. Worth a second pass; the demo angle keeps coming back.