Reference page for annual infra 665. Updated as new context lands.
Related: deep-dive rollback 5385, closed PMF 5441.
Cross-section thread: weekly convertible note 9886. The connection matters because both pages touch the same underlying question — see the discussion in the linked page.
- Valuation → founder → lead. Worth a second pass; the valuation angle keeps coming back.
- Retro → agent → vision. Worth a second pass; the retro angle keeps coming back.
- Learning → infra → follow-on. Worth a second pass; the learning angle keeps coming back.
- Engineer → cohort → short-term. Worth a second pass; the engineer angle keeps coming back.