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Notes on sketched hypothesis 8104. Picked back up after the last review.

Related: external license 4936, v3 vault 4992.

Cross-section thread: open playbook 409. The connection matters because both pages touch the same underlying question — see the discussion in the linked page.

  • Okr → burn rate → north star. Worth a second pass; the okr angle keeps coming back.
  • Lead investor → north star → term sheet. Worth a second pass; the lead investor angle keeps coming back.
  • Dau → license → memex. Worth a second pass; the DAU angle keeps coming back.