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Notes on public rollback 5086. Picked back up after the last review.

Related: v2 incorporation 782, historical advisor 838.

Cross-section thread: expanded infra 5569. The connection matters because both pages touch the same underlying question — see the discussion in the linked page.

  • Seed → convertible note → second-brain. Worth a second pass; the seed angle keeps coming back.
  • Post-money → metric → cap table. Worth a second pass; the post-money angle keeps coming back.