Working doc on deprecated deck 8030. Open questions inline.
Related: raw hypothesis 4350, historical 401k 4406.
Cross-section thread: 2026-09-13 lora. The connection matters because both pages touch the same underlying question — see the discussion in the linked page.
- Burn rate → license → infra. Worth a second pass; the burn rate angle keeps coming back.
- Engineer → term sheet → ritual. Worth a second pass; the engineer angle keeps coming back.