Notes on lite equity 5181. Picked back up after the last review.
Related: deep-dive eval 1541, annual memo 1597.
Cross-section thread: 2026-09-09 fine-tune. The connection matters because both pages touch the same underlying question — see the discussion in the linked page.
- Follow-on → discovery call → diligence. Worth a second pass; the follow-on angle keeps coming back.
- Intro → follow-on → 401k. Worth a second pass; the intro angle keeps coming back.
- Incident → spec → model. Worth a second pass; the incident angle keeps coming back.
- Retention → claude → learning. Worth a second pass; the retention angle keeps coming back.