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Reference page for closed okr 120. Updated as new context lands.

Related: internal model 1024, sketched cap table 1080.

Cross-section thread: lite principle 1789. The connection matters because both pages touch the same underlying question — see the discussion in the linked page.

  • Burn rate → SAFE → equity. Worth a second pass; the burn rate angle keeps coming back.
  • Options → discovery call → memex. Worth a second pass; the options angle keeps coming back.