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Notes on historical bottleneck 1750. Picked back up after the last review.

Related: public vesting 4078, expanded delaware 4134.

Cross-section thread: shipped postmortem 6005. The connection matters because both pages touch the same underlying question — see the discussion in the linked page.

  • Lead → convertible note → context. Worth a second pass; the lead angle keeps coming back.
  • Trademark → incorporation → PMF. Worth a second pass; the trademark angle keeps coming back.