This is the objective I understood.
Clear IND for HB-101 by Q4 2026 and secure a Series B on the strength of that filing, without exceeding 45 people
What I am about to show you is my proposed reading of what would have to be true for this objective to hold. It is a proposal: nothing is accepted because I proposed it. I will walk you through it territory by territory, and you can challenge anything on the way.
The map reads downward: from this objective, to what must be true for it, to what those things themselves rest on — down to where each branch of the current reasoning stops. Those stopping points are structure, not verdicts.
3 readings of this objective remain materially different and unresolved. Everything we walk through inherits that.