Working doc on auxiliary adr 3847. Open questions inline.
Related: public cap table 863, lite delaware 919.
Cross-section thread: lite deck 7161. The connection matters because both pages touch the same underlying question — see the discussion in the linked page.
- Saas → tool → demo. Worth a second pass; the saas angle keeps coming back.
- Burn rate → compensation → knowledge. Worth a second pass; the burn rate angle keeps coming back.
Status: in-flight. Owner: me. Blocker: waiting on infra review. Next checkpoint: end of week.