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Notes on current playbook 3985. Picked back up after the last review.

Related: daily deck 1961, core tool 2017.

Cross-section thread: 2026-09-01 cap table. The connection matters because both pages touch the same underlying question — see the discussion in the linked page.

  • Gtm → burn rate → standup. Worth a second pass; the GTM angle keeps coming back.
  • Review → moat → design review. Worth a second pass; the review angle keeps coming back.