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/LAB 03 · THE PAPER TRAIL · 21 NOTES

The thesis gets tested in public, one short note at a time.

NOTES BY DARREN CARD, DATED BY MONTH

Each note takes a single claim and tries to break it against something that happened. Every note tests a different part of the same thesis.

LATEST · 21 · OCTOBER 2026How data and work flowTools hand off to each other, agents move the work between them, and people approve what matters.Read the note →
ICONIQ’S FOUR OUTCOMES, 2026THEIR LABEL: ILLUSTRATIVE, NOT BENCHMARKS
COST SAVED$2M to $4M a yearMONEY · AN OUTCOME
TIME TO HIRE40 to 60% fasterTIME · PROXY
KNOWLEDGE RETRIEVAL45 to 80% time savedTIME · PROXY
FINANCE CLOSE30 to 80% time savedTIME · PROXY

20 more, each testing a different part of the thesis.

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