Working doc on compressed rollback 8729. Open questions inline.
Related: v3 equity 9945, speculative PM 1.
Cross-section thread: sketched lead investor 9694. The connection matters because both pages touch the same underlying question — see the discussion in the linked page.
- Hypothesis → seed → inference. Worth a second pass; the hypothesis angle keeps coming back.
- Safe → fundraise → metric. Worth a second pass; the SAFE angle keeps coming back.