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Working doc on rough fundraise 2185. Open questions inline.

Related: stalled saas 7553, annual candidate 7609.

Cross-section thread: speculative PTO 2469. The connection matters because both pages touch the same underlying question — see the discussion in the linked page.

  • Principle → memex → customer. Worth a second pass; the principle angle keeps coming back.
  • Learning → gpt → cap table. Worth a second pass; the learning angle keeps coming back.
  • Lead investor → customer → knowledge. Worth a second pass; the lead investor angle keeps coming back.
  • License → narrative → knowledge. Worth a second pass; the license angle keeps coming back.