@import url('https://fonts.googleapis.com/css2?family=IBM+Plex+Sans:wght@400;500;600;700&display=swap');
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*{box-sizing:border-box}
html{scroll-behavior:smooth}
body{margin:0;background:var(--paper);color:var(--ink);font:500 16px/1.48 var(--font)}
a{color:inherit;text-decoration:none}
a:focus-visible{outline:2px solid var(--accent);outline-offset:5px}
.masthead{height:72px;padding:0 4.5vw;display:flex;align-items:center;justify-content:space-between;gap:24px;border-bottom:1px solid var(--line);position:sticky;top:0;background:rgba(249,251,249,.96);backdrop-filter:blur(15px);z-index:20}
.brand{font-size:24px;letter-spacing:.14em;font-weight:800;white-space:nowrap}
.brand-mark{color:var(--accent);padding-left:2px}
.edition{font-size:11px;letter-spacing:.14em;color:var(--muted);white-space:nowrap}
.edition b{color:var(--accent)}
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.quiet-link:hover,.download:hover{color:var(--accent)}
.download{border:1px solid var(--ink);padding:10px 14px}
.chapter-nav{position:fixed;z-index:10;left:0;top:50%;transform:translateY(-50%);display:flex;flex-direction:column;background:rgba(249,251,249,.93);border:1px solid var(--line);border-left:0}
.chapter-nav a{font-size:11px;display:flex;align-items:center;gap:8px;padding:10px 10px 10px 12px;border-bottom:1px solid var(--line);color:#6c777c}
.chapter-nav a:last-child{border-bottom:0}
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.chapter-nav em{font-style:normal;max-width:0;overflow:hidden;white-space:nowrap;transition:max-width .2s}
.chapter-nav a:hover em,.chapter-nav a:focus-visible em{max-width:110px}
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.page-index span{color:var(--muted)}
h1,h2,h3,p{margin-top:0}
h1,h2{letter-spacing:-.07em;line-height:1.02}
h1 i,h2 i{font-style:normal;color:var(--accent)}
.eyebrow{font-size:11px;font-weight:800;letter-spacing:.17em;text-transform:uppercase;color:var(--blue)}
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.hero-main .eyebrow{grid-column:1/-1;margin:0}
h1{font-size:clamp(60px,6vw,96px);font-weight:800;margin:0}
.hero-kpis{display:grid;grid-template-columns:1fr 1fr;border-left:2px solid var(--accent);padding-left:18px;align-self:stretch;align-content:end}
.hero-kpis .metric{padding:12px 4px 12px 0;border-bottom:1px solid var(--line)}
.hero-kpis .metric:nth-child(even){padding-left:12px}
.hero-kpis .metric:nth-child(n+3){border-bottom:0}
.hero-kpis .metric strong{display:block;font-size:clamp(32px,3.5vw,48px);line-height:1;letter-spacing:-.065em;font-weight:700}
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.hero-kpis .metric span{display:block;color:var(--muted);font-size:11px;line-height:1.3;margin-top:7px}
.hero-process{display:grid;grid-template-columns:repeat(3,1fr);border-top:1px solid var(--ink);border-bottom:1px solid var(--ink)}
.process-label{grid-column:1/-1;font-size:11px;letter-spacing:.13em;font-weight:700;color:var(--accent);margin:13px 0 2px}
.hero-process article{padding:8px 24px 19px 0;border-right:1px solid var(--line)}
.hero-process article:not(:nth-child(2)){padding-left:22px}
.hero-process article:last-child{border-right:0}
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.hero-process article p{font-size:14px;line-height:1.43;color:var(--muted);margin:6px 0 0}
.source,.footnote{font-size:11px;color:var(--muted);margin:14px 0 0;line-height:1.5}
.section-head{margin:clamp(36px,7vh,95px) 0 4vh}
h2{font-weight:800;font-size:clamp(44px,5.2vw,84px);margin:0}
.market-grid{display:grid;grid-template-columns:repeat(4,1fr);gap:0;border-top:1px solid var(--ink);border-bottom:1px solid var(--ink);flex:1;min-height:250px}
.market-grid article{padding:20px 22px 22px;border-right:1px solid var(--line)}
.market-grid article:first-child{padding-left:0}
.market-grid article:last-child{border-right:0}
.market-code{font-size:11px;letter-spacing:.12em;color:var(--accent);font-weight:800}
.market-grid h3{font-size:clamp(22px,2.5vw,34px);letter-spacing:-.055em;margin:26px 0 8px}
.market-grid strong{font-size:13px}
.market-grid .market-verb{display:block;font-size:clamp(24px,2.9vw,43px);line-height:1.06;letter-spacing:-.055em;color:var(--accent);margin-top:4px}
.market-grid p{font-size:13px;line-height:1.55;color:var(--muted);margin:10px 0 0}
.takeaway{display:grid;grid-template-columns:1fr 3fr;gap:20px;margin-top:25px;align-items:baseline}
.takeaway span,.cost-title span,.model-label span,.round-figures span,.tranches span{font-size:11px;letter-spacing:.12em;color:var(--accent);font-weight:800}
.takeaway p{font-weight:800;font-size:clamp(18px,2vw,30px);letter-spacing:-.04em;margin:0}
.origin{display:grid;grid-template-columns:repeat(5,1fr);border-block:1px solid var(--ink)}
.origin>*{font-size:13px;padding:15px 15px 15px 0;position:relative}
.origin>*:not(:last-child):after{content:'›';font-size:20px;position:absolute;right:8px;top:9px;color:var(--accent)}
.origin b{font-size:15px;color:var(--accent)}
.origin-note{font-size:13px;color:var(--muted);max-width:850px;margin:14px 0 26px}
.architecture{margin-top:auto;display:grid;gap:5px}
.arch-row{display:grid;grid-template-columns:repeat(4,1fr);gap:5px}
.arch-row span{background:#eaf1ec;padding:16px 17px;min-height:79px;font-size:15px;font-weight:800;position:relative}
.arch-row span:not(:last-child):after{content:'›';color:var(--accent);position:absolute;right:9px}
.arch-row.second{margin-left:7%}
.arch-row .core{background:var(--ink);color:#fff}
.arch-row small{display:block;font-size:10px;font-weight:500;margin-top:5px;letter-spacing:.02em}
.split-proof{display:grid;grid-template-columns:1fr 1fr;gap:35px;margin:20px 0 0;border-top:1px solid var(--line);padding-top:14px}
.split-proof p,.founder{font-size:12px;color:var(--muted);margin:0}
.split-proof b{color:var(--ink)}
.founder{margin-top:13px;color:var(--blue)}
.flywheel{display:grid;grid-template-columns:repeat(4,1fr);gap:6px;margin:10px 0 22px}
.flywheel span{background:var(--ink);color:#fff;padding:14px 12px;min-height:62px;font-size:13px;font-weight:800;position:relative}
.flywheel span:not(:last-child):after{content:'›';position:absolute;right:5px;color:#a5d398}
.flywheel span:last-child{background:var(--accent)}
.cost-block{display:grid;grid-template-columns:1fr 2fr;gap:6vw;border-top:1px solid var(--ink);padding:25px 0;margin-top:auto}
.cost-title p{font-size:clamp(23px,2.7vw,38px);font-weight:800;letter-spacing:-.055em;line-height:1.1;margin:18px 0 0}
.bar-item{display:grid;grid-template-columns:105px 1fr 140px;gap:12px;align-items:center;margin:0 0 13px;font-size:13px}
.bar-item strong{font-size:20px;letter-spacing:-.05em}
.bar-item .bar{height:19px;width:var(--w);background:var(--blue)}
.bar-item:first-child .bar{background:var(--accent)}
.bar-item span{color:var(--muted)}
.two-lines{display:grid;grid-template-columns:1fr 1fr;gap:35px;border-top:1px solid var(--line);padding-top:15px}
.two-lines p{font-size:13px;margin:0}
.buyer-strip{display:grid;grid-template-columns:repeat(3,1fr);gap:20px;border-top:1px solid var(--line);padding-top:16px}
.buyer-strip b{display:block;color:var(--accent);font-size:13px}
.buyer-strip p{font-size:13px;line-height:1.42;margin:5px 0 0;color:var(--ink)}
.buyer-sources{margin-top:11px}
.buyer-sources a{text-decoration:underline;text-underline-offset:2px}
.model-label{display:flex;align-items:baseline;gap:20px;border-top:1px solid var(--ink);padding:15px 0}
.model-label p{font-size:13px;color:var(--muted);margin:0}
.table-wrap{overflow-x:auto}
table{width:100%;border-collapse:collapse;text-align:left;font-size:13px;min-width:650px}
th,td{padding:13px 12px;border-bottom:1px solid var(--line)}
thead th{color:var(--accent);font-size:11px;letter-spacing:.12em}
tbody th{font-weight:700;width:25%}
td{color:#6b7478}
.arr-row{background:#eaf1ec}
.arr-row th,.arr-row td{color:var(--ink);font-weight:800;font-size:15px}
.entry-thesis{display:grid;grid-template-columns:1fr 1.7fr;gap:24px;align-items:center;border-block:1px solid var(--ink);padding:14px 0;margin-top:16px}
.entry-thesis span{display:block;font-size:11px;letter-spacing:.12em;color:var(--accent);font-weight:800}
.entry-thesis strong{display:block;font-size:clamp(17px,2vw,28px);line-height:1.13;letter-spacing:-.045em;margin-top:6px}
.entry-thesis p{font-size:13px;color:var(--muted);margin:0;line-height:1.45}
.model-principles{display:grid;grid-template-columns:repeat(3,1fr);gap:22px;border-top:1px solid var(--ink);padding-top:17px;margin-top:20px}
.entry-thesis+.model-principles{border-top:0;padding-top:3px;margin-top:14px}
.model-principles b{font-size:13px;color:var(--accent)}
.model-principles p{font-size:13px;color:var(--muted);line-height:1.48;margin:7px 0 0}
.model-footer{display:grid;grid-template-columns:1fr 2fr;gap:20px;border-top:1px solid var(--line);padding-top:15px;margin-top:20px}
.model-footer p{font-size:13px;margin:0;color:var(--muted)}
.model-footer b{color:var(--ink)}
.model-footer span{font-weight:800;color:var(--accent);margin-left:12px}
.model-access{border-top:1px solid var(--line);margin-top:13px;font-size:12px}
.model-access summary{cursor:pointer;display:flex;justify-content:space-between;color:var(--accent);font-weight:800;letter-spacing:.08em;padding:12px 0;list-style:none}
.model-access summary::-webkit-details-marker{display:none}
.model-access p{color:var(--muted);margin:0 0 12px;max-width:950px}
.model-access a{text-decoration:underline;text-underline-offset:3px;color:var(--ink)}
.assumptions{border-top:1px solid var(--ink);margin-top:13px;padding-top:12px}
.assumptions b{color:var(--accent);font-size:12px;letter-spacing:.05em;text-transform:uppercase}
.assumptions p{font-size:12px;line-height:1.5;margin:5px 0 0;color:var(--muted)}
.model-bottom.compact{margin-top:17px}
.model-bottom.compact strong{font-size:clamp(30px,3.3vw,48px)}
.model-bottom{display:grid;grid-template-columns:1fr 1fr;gap:25px;margin-top:auto}
.model-bottom>div{border-top:1px solid var(--ink);padding-top:14px}
.model-bottom b{font-size:11px;letter-spacing:.1em;color:var(--blue);text-transform:uppercase}
.model-bottom strong{display:block;font-size:clamp(40px,5vw,70px);letter-spacing:-.07em;line-height:1.15}
.model-bottom small{font-size:18px;letter-spacing:-.03em}
.model-bottom p{font-size:12px;color:var(--muted)}
.round .section-head{margin:clamp(28px,4vh,62px) 0 2vh}

.round-figures{display:grid;grid-template-columns:1fr 1fr;border-block:1px solid var(--ink)}
.round-figures.four{grid-template-columns:repeat(4,1fr)}
.round-figures>div{padding:19px 0}
.round-figures>div+div{border-left:1px solid var(--line);padding-left:28px}
.round-figures.four>div{padding:13px 12px 15px 0}
.round-figures.four>div+div{padding-left:18px}
.round-figures.four strong{font-size:clamp(27px,3.2vw,48px);margin-top:8px}
.round-figures strong{display:block;font-size:clamp(40px,6vw,82px);line-height:1.05;letter-spacing:-.08em}
.round-figures small{font-size:13px;color:var(--muted)}
.equity-note{font-size:11px;color:var(--muted);margin:7px 0 0}
.value-path{display:grid;grid-template-columns:1fr 1.35fr 1fr;gap:8px;margin-top:18px}
.value-path div{background:#eaf1ec;padding:14px 16px;min-height:99px;position:relative}
.value-path div:nth-child(2){background:var(--ink);color:#fff}
.value-path div:not(:last-child):after{content:'›';font-size:24px;position:absolute;right:8px;top:8px;color:var(--accent)}
.value-path div:nth-child(2):after{color:#a5d398}
.value-path b{font-size:11px;letter-spacing:.08em}
.value-path p{font-size:12px;line-height:1.38;margin:7px 0 0}
.tranches{display:grid;grid-template-columns:repeat(3,1fr);gap:20px;margin:22px 0}
.round .tranches{margin:16px 0}
.tranches>div{border-top:1px solid var(--ink);padding-top:13px}
.tranches strong{display:block;font-size:clamp(24px,2.8vw,38px);letter-spacing:-.05em;margin:7px 0}
.tranches p{font-size:12px;color:var(--muted);line-height:1.55;margin:0}
.return-logic{display:grid;grid-template-columns:1fr 3fr;gap:4px 20px;border-top:1px solid var(--line);padding-top:13px}
.return-logic b{font-size:13px;color:var(--accent)}
.return-logic p{font-size:12px;line-height:1.4;margin:0}
.return-logic small{grid-column:2;font-size:11px;color:var(--muted)}
.round-conviction{font-size:14px;font-weight:800;line-height:1.4;margin:12px 0;color:var(--ink)}
.risk-line{font-size:12px;display:flex;gap:20px;border-top:1px solid var(--line);padding:12px 0;color:var(--muted)}
.risk-line b{color:var(--ink);white-space:nowrap}
.cta{display:flex;justify-content:space-between;align-items:center;background:var(--accent);color:#fff;font-size:clamp(17px,2vw,29px);font-weight:800;letter-spacing:-.03em;padding:18px 24px;margin-top:auto}
.cta:hover{background:var(--ink)}
.closing{font-size:11px;color:var(--muted);margin:16px 0 0;line-height:1.7}
@media(max-width:900px){.masthead{padding:0 22px}.edition{display:none}.screen{padding:32px 32px 32px 62px}.hero-main{grid-template-columns:1fr}.hero-kpis{max-width:700px;grid-template-columns:repeat(4,1fr);border-left:0;border-top:1px solid var(--accent);padding-left:0}.hero-kpis .metric{border-bottom:0}.hero-kpis .metric:nth-child(even){padding-left:0}.market-grid{grid-template-columns:1fr 1fr}.market-grid article{border-bottom:1px solid var(--line)}.market-grid article:nth-child(2){border-right:0}.market-grid article:nth-child(3){padding-left:0;border-bottom:0}.market-grid article:nth-child(4){border-bottom:0}.section-head{margin:40px 0 32px}.flywheel{grid-template-columns:repeat(4,1fr)}.cost-block{grid-template-columns:1fr;gap:20px}.arch-row.second{margin-left:0}}
@media(max-width:620px){.masthead{height:auto;min-height:64px;padding:10px 16px;flex-wrap:wrap;gap:8px}.brand{font-size:19px}.masthead nav{gap:12px;font-size:11px}.download{padding:7px}.quiet-link{display:none}.chapter-nav{top:auto;bottom:0;left:0;right:0;transform:none;flex-direction:row;justify-content:space-around;border:0;border-top:1px solid var(--line)}.chapter-nav a{display:block;border:0;padding:10px;font-size:12px}.chapter-nav em{display:none}.screen{scroll-margin-top:64px;min-height:0;padding:28px 20px 85px}.page-index{font-size:10px}.page-index span{max-width:60%;text-align:right}.hero{min-height:calc(100svh - 64px)}.hero-main{margin:10vh 0 7vh;gap:22px}h1{font-size:clamp(52px,12vw,78px)}h2{font-size:clamp(43px,10vw,60px)}.lead{font-size:16px}.hero-bottom{grid-template-columns:1fr 1fr}.metric{padding:18px 7px 18px 0;border-bottom:1px solid var(--line)}.metric:nth-child(2){border-right:0;padding-left:14px}.metric:nth-child(3){border-bottom:0}.metric:nth-child(4){border-right:0;border-bottom:0;padding-left:14px}.metric strong{font-size:42px}.market-grid{grid-template-columns:1fr}.market-grid article,.market-grid article:nth-child(3){padding:16px 0;border-right:0;border-bottom:1px solid var(--line)}.market-grid article:last-child{border-bottom:0}.market-grid h3{margin:5px 0}.market-grid p{margin:5px 0 0}.takeaway{grid-template-columns:1fr;gap:8px}.origin{grid-template-columns:1fr 1fr}.origin>*{font-size:12px;padding:9px}.origin>*:after{display:none}.architecture{gap:4px}.arch-row{grid-template-columns:1fr 1fr}.arch-row span{min-height:70px;font-size:12px;padding:12px}.arch-row span:after{display:none}.split-proof,.two-lines,.model-bottom,.round-figures,.tranches{grid-template-columns:1fr;gap:10px}.flywheel{grid-template-columns:1fr 1fr;gap:4px}.flywheel span{min-height:60px;padding:12px}.bar-item{grid-template-columns:80px 1fr;gap:6px}.bar-item span{grid-column:2;font-size:11px}.bar-item strong{font-size:17px}.round-figures>div+div{border-left:0;border-top:1px solid var(--line);padding-left:0}.risk-line{display:block}.risk-line b{display:block;margin-bottom:4px}.cta{margin-top:20px}.source,.footnote{font-size:11px}}
@media(max-width:620px){
  .hero-main{margin:8vh 0 5vh}
  h1{font-size:clamp(31px,8.4vw,52px)}
  .hero-kpis{grid-template-columns:1fr 1fr}
  .hero-kpis .metric{padding:12px 4px 12px 0}
  .hero-kpis .metric:nth-child(even){padding-left:12px}
  .hero-kpis .metric:nth-child(n+3){border-top:1px solid var(--line)}
  .hero-kpis .metric strong{font-size:36px}
  .hero-process{grid-template-columns:1fr}
  .process-label{margin-bottom:0}
  .hero-process article,.hero-process article:not(:nth-child(2)){padding:9px 0;border-right:0;border-bottom:1px solid var(--line)}
  .hero-process article:last-child{border-bottom:0}
  .hero-process b{font-size:15px}
  .hero-process article p{font-size:13px;margin-top:3px}
  .buyer-strip{grid-template-columns:1fr;gap:14px}
  .arr-row th,.arr-row td{font-size:13px}
  .model-principles,.model-footer{grid-template-columns:1fr;gap:15px}
  .entry-thesis,.value-path,.return-logic{grid-template-columns:1fr;gap:10px}
  .return-logic small{grid-column:1}
  .round-figures.four{grid-template-columns:1fr 1fr}
  .round-figures.four>div:nth-child(3){border-left:0;border-top:1px solid var(--line);padding-left:0}
  .round-figures.four>div:nth-child(4){border-top:1px solid var(--line)}
  .round-figures.four strong{font-size:clamp(25px,7vw,40px)}
  .value-path div{min-height:0}
  .flywheel{grid-template-columns:1fr 1fr}
  .market-grid .market-verb{font-size:29px}
  
}
@media(prefers-reduced-motion:reduce){html{scroll-behavior:auto}*{transition:none!important}}
.year-cards{display:grid;grid-template-columns:repeat(4,minmax(0,1fr));border-block:1px solid var(--ink)}
.year-cards article{padding:22px 20px 18px;border-right:1px solid var(--line);min-width:0;display:flex;flex-direction:column}
.year-cards article:first-child{padding-left:0}.year-cards article:last-child{border-right:0}
.year-cards article>span{color:var(--accent);font-size:13px;font-weight:800;letter-spacing:.11em}
.year-cards article>strong{font-size:clamp(29px,3.1vw,50px);letter-spacing:-.075em;line-height:1.12;margin-top:16px;white-space:nowrap}
.year-cards small,.year-cards em{font-size:10px;letter-spacing:.1em;color:var(--muted);font-weight:800;font-style:normal}
.year-cards article>div{border-top:1px solid var(--line);margin-top:20px;padding-top:12px;display:flex;flex-direction:column}
.year-cards article>div b{font-size:clamp(19px,2.1vw,31px);letter-spacing:-.045em}
.year-cards article p{font-size:13px;color:var(--muted);margin:18px 0 0}.year-cards article p b{font-size:20px;color:var(--ink)}
.year-cards footer{font-size:10px;letter-spacing:.08em;font-weight:800;color:var(--accent);margin-top:auto;padding-top:15px}
.year-cards .break-even{background:#edf4eb}.year-cards .scale-card{background:var(--ink);color:#fff;padding-left:20px}
.year-cards .scale-card span,.year-cards .scale-card footer{color:#a5d398}.year-cards .scale-card small,.year-cards .scale-card em,.year-cards .scale-card p{color:#c3d4cb}.year-cards .scale-card p b{color:#fff}
.round-figures.three{grid-template-columns:repeat(3,1fr)}
.round-figures.three strong{font-size:clamp(36px,4.6vw,64px)}
.gate-note{font-size:11px;color:var(--muted);margin:-8px 0 14px}
.sensitivity-trigger{align-self:flex-start;border:1px solid var(--accent);background:transparent;color:var(--accent);font:800 12px var(--font);letter-spacing:.09em;padding:13px 16px;cursor:pointer;margin-bottom:14px}
.sensitivity-trigger span{margin-left:20px}.sensitivity-trigger:hover{background:var(--accent);color:#fff}
.sensitivity{border:0;padding:0;width:min(920px,calc(100vw - 28px));max-height:min(92svh,900px);background:var(--paper);color:var(--ink);box-shadow:0 24px 90px #0005}
.sensitivity::backdrop{background:#071c16bb;backdrop-filter:blur(4px)}
.sensitivity-inner{padding:36px 46px;position:relative}.modal-close{position:absolute;right:28px;top:19px;border:0;background:none;font-size:32px;line-height:1;color:var(--ink);cursor:pointer}
.sensitivity h2{font-size:clamp(36px,5vw,62px);margin:12px 0 24px}
.fixed-inputs{display:grid;grid-template-columns:1fr 1fr 1.5fr;gap:15px;border-block:1px solid var(--ink);padding:16px 0}
.fixed-inputs p{margin:0}.fixed-inputs span,.sensitivity-results span{display:block;color:var(--accent);font-size:10px;font-weight:800;letter-spacing:.1em}.fixed-inputs b{display:block;margin-top:6px;font-size:17px}
.sensitivity fieldset{border:0;padding:0;margin:20px 0 0}.sensitivity legend{font-size:13px;font-weight:800;margin-bottom:8px}.choice-row{display:flex;gap:7px;flex-wrap:wrap}
.choice-row button{border:1px solid var(--line);background:#fff;color:var(--ink);font:700 14px var(--font);padding:9px 17px;cursor:pointer}.choice-row button[aria-pressed="true"]{background:var(--ink);border-color:var(--ink);color:#fff}
.choice-row button:focus-visible,.sensitivity-trigger:focus-visible,.modal-close:focus-visible{outline:2px solid var(--accent);outline-offset:3px}
.debt-assumption{display:flex;align-items:baseline;gap:14px;margin:18px 0 0;font-size:10px;letter-spacing:.1em;font-weight:800;color:var(--accent)}.debt-assumption strong{font-size:18px;letter-spacing:0;color:var(--ink)}
.sensitivity-results{display:grid;grid-template-columns:repeat(5,minmax(0,1fr));border-block:1px solid var(--ink);margin-top:12px}.sensitivity-results div{min-width:0;padding:16px 10px 18px 0}.sensitivity-results div+div{border-left:1px solid var(--line);padding-left:10px}.sensitivity-results strong{display:block;font-size:clamp(21px,2.45vw,32px);letter-spacing:-.06em;margin-top:8px}
.sensitivity-note{font-size:11px;color:var(--muted);line-height:1.55;margin:16px 0 0}
@media(max-width:900px){.year-cards{grid-template-columns:repeat(2,1fr)}.year-cards article:nth-child(2){border-right:0}.year-cards article:nth-child(-n+2){border-bottom:1px solid var(--line)}.year-cards article:nth-child(3){padding-left:0}}
@media(max-width:620px){.year-cards article{padding:14px 10px}.year-cards article>strong{font-size:clamp(23px,6vw,34px);white-space:normal}.year-cards article>div b{font-size:19px}.year-cards .scale-card{padding-left:10px}.round-figures.three{grid-template-columns:1fr 1fr}.round-figures.three>div:nth-child(2){border-top:0;border-left:1px solid var(--line);padding-left:14px}.round-figures.three>div:nth-child(3){grid-column:1/-1;border-left:0;border-top:1px solid var(--line);padding-left:0}.round-figures.three strong{font-size:34px}.sensitivity-inner{padding:26px 20px}.fixed-inputs{grid-template-columns:1fr 1fr}.fixed-inputs p:nth-child(3){grid-column:1/-1}.sensitivity-results{grid-template-columns:1fr 1fr}.sensitivity-results div:nth-child(odd){border-left:0}.sensitivity-results div:nth-child(n+3){border-top:1px solid var(--line)}.sensitivity-results div:last-child{grid-column:1/-1}.sensitivity-results strong{font-size:24px}.debt-assumption{font-size:12px}}
.hero-thesis{display:grid;grid-template-columns:1.08fr 1fr;gap:4vw;align-items:end;margin:16px 0 12px}
.hero-thesis h1{font-size:clamp(44px,4.8vw,72px)}
.hero-explain{border-left:2px solid var(--accent);padding-left:24px;max-width:560px}
.hero-explain strong{display:block;font-size:clamp(21px,2vw,31px);line-height:1.16;letter-spacing:-.045em}
.hero-explain p{font-size:15px;line-height:1.4;color:var(--muted);margin:15px 0 0}
.hero-problem{border-top:1px solid var(--ink);padding:9px 0;display:grid;grid-template-columns:220px 1fr;gap:20px;align-items:baseline}
.hero-problem span,.demand-head span{font-size:11px;font-weight:800;letter-spacing:.12em;color:var(--accent)}
.hero-problem b{font-size:17px;letter-spacing:-.025em}
.journey{display:grid;grid-template-columns:repeat(6,minmax(0,1fr));gap:5px}
.journey>div{background:#eaf1ec;min-width:0;min-height:82px;padding:10px 12px;position:relative}
.journey>div:not(:last-child):after{content:'›';position:absolute;right:6px;top:10px;color:var(--accent);font-size:18px}
.journey .caudal-step{background:var(--ink);color:#fff}.journey .caudal-step:after{color:#a5d398!important}
.journey span{display:block;font-size:10px;font-weight:800;letter-spacing:.07em;color:var(--accent)}
.journey .caudal-step span{color:#a5d398}
.journey b{display:block;font-size:15px;line-height:1.15;letter-spacing:-.025em;margin:9px 0 5px}
.journey small{display:block;font-size:11px;line-height:1.25;color:var(--muted)}.journey .caudal-step small{color:#c3d4cb}
.journey-note{font-size:11px;line-height:1.4;color:var(--muted);margin:6px 0 11px}.journey-note b{color:var(--ink)}
.demand-head{display:flex;gap:28px;align-items:baseline;border-top:1px solid var(--ink);padding-top:9px}
.demand-head strong{font-size:20px;letter-spacing:-.035em}
.demand-grid{display:grid;grid-template-columns:repeat(3,1fr);border-bottom:1px solid var(--ink);margin-top:8px}
.demand-grid article{padding:0 20px 10px;border-right:1px solid var(--line)}.demand-grid article:first-child{padding-left:0}.demand-grid article:last-child{border-right:0}
.demand-grid b{color:var(--accent);font-size:11px;letter-spacing:.07em}.demand-grid p{font-size:13px;line-height:1.38;margin:7px 0 0}.demand-grid a{text-decoration:underline;text-underline-offset:2px}
.economic-loop{display:grid;grid-template-columns:245px 1fr;gap:18px;align-items:baseline;padding:8px 0}.economic-loop strong{font-size:17px;letter-spacing:-.035em}.economic-loop p{font-size:13px;line-height:1.38;margin:0;color:var(--muted)}
.hero-proof{display:grid;grid-template-columns:repeat(4,1fr);border-block:1px solid var(--line);padding:6px 0;gap:0}
.hero-proof>div{display:flex;align-items:baseline;gap:12px;padding:0 13px;border-right:1px solid var(--line)}.hero-proof>div:first-child{padding-left:0}.hero-proof>div:last-child{border-right:0}
.hero-proof strong{font-size:clamp(24px,2.6vw,39px);letter-spacing:-.06em;line-height:1;white-space:nowrap;flex-shrink:0}.hero-proof span{font-size:11px;color:var(--muted);line-height:1.25}
.hero-finale{font-size:clamp(14px,1.5vw,19px);font-weight:800;letter-spacing:-.04em;color:var(--accent);margin:8px 0 0}
@media(max-width:1100px){.hero-thesis{grid-template-columns:1fr 1fr;gap:25px}.journey b{font-size:13px}.journey>div{padding:11px 9px}.economic-loop{grid-template-columns:190px 1fr}.hero-proof>div{display:block}.hero-proof span{display:block;margin-top:3px}}
@media(max-width:750px){.hero-thesis{grid-template-columns:1fr;margin:25px 0}.hero-thesis h1{font-size:clamp(42px,8vw,65px)}.hero-explain{max-width:none}.journey{grid-template-columns:repeat(3,1fr)}.journey>div:nth-child(3):after{display:none}.demand-grid{gap:0}.demand-grid article{padding-right:12px;padding-left:12px}.demand-grid p{font-size:12px}.hero-proof{grid-template-columns:repeat(2,1fr);row-gap:10px}.hero-proof>div:nth-child(2){border-right:0}.hero-proof>div:nth-child(3){padding-left:0}}
@media(max-width:620px){.hero{min-height:0}.hero-thesis{margin:22px 0}.hero-thesis h1{font-size:clamp(34px,8.4vw,52px)}.hero-explain{padding-left:14px}.hero-explain strong{font-size:21px}.hero-explain p{font-size:14px;margin-top:8px}.hero-problem{grid-template-columns:1fr;gap:4px}.hero-problem b{font-size:16px}.journey{grid-template-columns:repeat(2,1fr)}.journey>div{min-height:90px}.journey>div:nth-child(3):after{display:block}.journey>div:nth-child(even):after{display:none}.demand-head{display:block}.demand-head strong{display:block;font-size:20px;margin-top:5px}.demand-grid{grid-template-columns:1fr}.demand-grid article,.demand-grid article:first-child{padding:10px 0;border-right:0;border-bottom:1px solid var(--line)}.demand-grid article:last-child{border-bottom:0}.demand-grid p{font-size:13px;margin-top:4px}.economic-loop{grid-template-columns:1fr;gap:5px}.hero-proof strong{font-size:31px}.hero-proof>div{padding:8px}.hero-finale{line-height:1.35}}
.hero-opening .hero-thesis{margin:auto 0 8vh;grid-template-columns:1.05fr 1fr;gap:5vw}
.hero-opening .hero-thesis h1{font-size:clamp(51px,6.2vw,94px)}
.hero-opening .hero-explain strong{font-size:clamp(24px,2.4vw,38px)}
.hero-opening .hero-explain p{font-size:clamp(15px,1.4vw,19px);line-height:1.46;margin-top:22px}
.opening-proof{display:grid;grid-template-columns:repeat(4,minmax(0,1fr));border-block:1px solid var(--ink)}
.opening-proof>div{padding:25px 20px;border-right:1px solid var(--line)}.opening-proof>div:first-child{padding-left:0}.opening-proof>div:last-child{border-right:0}
.opening-proof strong{display:block;font-size:clamp(36px,4vw,60px);letter-spacing:-.065em;line-height:1.05;white-space:nowrap}.opening-proof span{display:block;font-size:13px;color:var(--muted);margin-top:7px}
.hero-opening .hero-finale{margin:24px 0 auto;font-size:clamp(20px,2.2vw,31px);line-height:1.3;color:var(--accent)}
.value-screen .section-head{margin:18px 0 17px}.value-screen h2{font-size:clamp(44px,4.7vw,72px)}
.value-screen .hero-problem{margin-bottom:8px}.value-screen .journey>div{min-height:92px;padding:11px 12px}.value-screen .journey b{font-size:16px;margin:11px 0 6px}.value-screen .journey small{font-size:12px}
.value-screen .journey-note{margin:7px 0 0}.buyer-callout{margin:6px 0 0 auto;width:calc(100% / 6);border-left:2px solid var(--accent);padding:4px 0 4px 12px;font-size:11px;font-weight:800;letter-spacing:.08em;color:var(--accent)}
.value-screen .demand-grid{border-top:1px solid var(--ink);margin-top:0}.value-screen .demand-grid article{padding-top:12px;padding-bottom:12px}.value-screen .demand-grid b{font-size:13px}.value-screen .demand-grid p{font-size:13px;line-height:1.35}
.value-screen .economic-loop{padding:10px 0}.value-screen .economic-loop strong{font-size:17px}.value-screen .economic-loop p{font-size:13px}
.example-strip{display:grid;grid-template-columns:160px 170px 1fr;gap:15px;align-items:start;background:var(--ink);color:#fff;padding:14px 20px;margin-top:auto}
.example-strip span{font-size:11px;font-weight:800;letter-spacing:.1em;color:#a5d398}.example-strip strong{font-size:28px;letter-spacing:-.05em;line-height:1}.example-strip p{font-size:13px;line-height:1.4;margin:0}.example-strip small{grid-column:3;color:#c3d4cb;font-size:11px;line-height:1.35;margin-top:-8px}
@media(max-width:900px){.hero-opening .hero-thesis{grid-template-columns:1fr;gap:22px;margin:auto 0 6vh}.hero-opening .hero-thesis h1{font-size:clamp(52px,9vw,75px)}.hero-opening .hero-explain{max-width:670px}.opening-proof>div{padding:17px 11px}.value-screen .journey b{font-size:14px}.value-screen .journey>div{min-height:105px}.example-strip{grid-template-columns:120px 140px 1fr}}
@media(max-width:620px){.hero-opening{min-height:calc(100svh - 64px)}.hero-opening .hero-thesis{margin:7vh 0 6vh}.hero-opening .hero-thesis h1{font-size:clamp(34px,8.4vw,52px)}.hero-opening .hero-explain strong{font-size:21px}.hero-opening .hero-explain p{font-size:14px;margin-top:9px}.opening-proof{grid-template-columns:1fr 1fr}.opening-proof>div{padding:15px 9px;border-bottom:1px solid var(--line)}.opening-proof>div:nth-child(2){border-right:0}.opening-proof>div:nth-child(n+3){border-bottom:0}.opening-proof>div:nth-child(3){padding-left:0}.opening-proof strong{font-size:32px}.opening-proof span{font-size:11px}.hero-opening .hero-finale{font-size:17px;margin:17px 0 0}.value-screen .section-head{margin:27px 0 19px}.value-screen h2{font-size:clamp(43px,10vw,58px)}.value-screen .journey>div{min-height:94px;padding:10px}.value-screen .journey b{font-size:14px;margin:12px 0 5px}.value-screen .journey small{font-size:11px}.buyer-callout{width:50%;margin-top:9px}.value-screen .demand-grid article{padding:12px 0}.value-screen .demand-grid p{font-size:13px}.value-screen .economic-loop{padding:12px 0}.example-strip{grid-template-columns:1fr 1fr;gap:8px;padding:16px}.example-strip strong{font-size:25px}.example-strip p,.example-strip small{grid-column:1/-1;margin:0}}
.plant-screen .section-head,.team-screen .section-head{margin:clamp(24px,4vh,52px) 0 24px}

.plant-flow{display:grid;grid-template-columns:repeat(5,minmax(0,1fr));gap:6px;margin:auto 0 18px}
.plant-flow article{min-height:225px;background:#eaf1ec;padding:20px 17px;position:relative;display:flex;flex-direction:column}
.plant-flow article:not(:last-child):after{content:'›';position:absolute;right:7px;top:13px;color:var(--accent);font-size:25px}
.plant-flow .plant-result{background:var(--ink);color:#fff}
.plant-flow span,.quality-proof b,.team-grid article>span,.team-grid article>b,.team-assets b,.investment-path b{font-size:11px;letter-spacing:.1em;color:var(--accent);font-weight:800}
.plant-flow .plant-result span{color:#a5d398}
.plant-flow strong{font-size:clamp(18px,1.55vw,24px);line-height:1.14;letter-spacing:-.04em;margin:22px 0 12px}
.plant-flow p{font-size:13px;line-height:1.42;color:var(--muted);margin:0}
.plant-flow .plant-result p{color:#c3d4cb}
.quality-proof{display:grid;grid-template-columns:1fr 3fr;gap:20px;border-top:1px solid var(--ink);padding:16px 0}
.quality-proof p{font-size:13px;color:var(--muted);margin:0}
.plant-close{font-size:clamp(24px,2.8vw,42px);letter-spacing:-.055em;line-height:1.17;font-weight:800;margin:24px 0 auto}
.plant-close i{font-style:normal;color:var(--accent)}
.team-grid{display:grid;grid-template-columns:repeat(3,minmax(0,1fr));border-block:1px solid var(--ink);min-height:295px}
.team-grid article{padding:20px 22px 18px;border-right:1px solid var(--line);display:flex;flex-direction:column}
.team-grid article:first-child{padding-left:0}.team-grid article:last-child{border-right:0}
.team-grid h3{font-size:clamp(29px,3.1vw,46px);line-height:1.05;letter-spacing:-.06em;margin:16px 0 13px}
.team-grid p{font-size:13px;line-height:1.45;color:var(--muted);margin:0 0 18px}
.team-grid article>b{margin-top:auto}
.team-line{font-size:clamp(19px,2vw,30px);font-weight:800;letter-spacing:-.045em;color:var(--accent);line-height:1.22;margin:20px 0}
.team-assets{display:grid;grid-template-columns:1fr 1fr;gap:26px;border-top:1px solid var(--line);padding-top:17px;margin-top:auto}
.team-assets p{font-size:12px;line-height:1.45;color:var(--muted);margin:5px 0 0}
.investment-path{display:grid;grid-template-columns:repeat(6,minmax(0,1fr));gap:4px;margin:16px 0 19px}
.investment-path>div{background:#eaf1ec;min-height:106px;padding:11px 10px;position:relative}
.investment-path>div:not(:last-child):after{content:'›';color:var(--accent);position:absolute;right:3px;top:9px}
.investment-path>div:last-child{background:var(--ink);color:#fff}.investment-path>div:last-child b{color:#a5d398}
.investment-path span{display:block;font-size:15px;font-weight:800;letter-spacing:-.035em;margin:8px 0 5px}
.investment-path small{display:block;font-size:10px;line-height:1.25;color:var(--muted)}.investment-path>div:last-child small{color:#c3d4cb}
.round .section-head{margin:26px 0 15px}
.round .investment-path+.tranches{margin-top:0}
@media(max-width:950px){.plant-flow{grid-template-columns:repeat(3,1fr)}.plant-flow article{min-height:165px}.team-grid article{padding-inline:14px}.investment-path{grid-template-columns:repeat(3,1fr)}}
@media(max-width:620px){.plant-flow{grid-template-columns:1fr 1fr}.plant-flow article{min-height:170px;padding:13px}.plant-flow strong{font-size:17px;margin:12px 0 8px}.plant-flow p{font-size:12px}.plant-flow .plant-result{grid-column:1/-1;min-height:0}.quality-proof{grid-template-columns:1fr;gap:6px}.plant-close{font-size:26px}.team-grid{grid-template-columns:1fr}.team-grid article,.team-grid article:first-child{padding:18px 0;border-right:0;border-bottom:1px solid var(--line);min-height:0}.team-grid article:last-child{border-bottom:0}.team-grid h3{font-size:31px;margin:8px 0}.team-grid p{margin-bottom:7px}.team-line{font-size:20px}.team-assets{grid-template-columns:1fr;gap:12px}.investment-path{grid-template-columns:1fr 1fr}.investment-path>div{min-height:100px}}
.business-case{margin-top:19px}
.business-origin{display:grid;grid-template-columns:185px 1fr;column-gap:20px;align-items:baseline;border-bottom:1px solid var(--ink);padding:0 0 10px}
.business-origin>span,.business-steps span,.business-payoff span,.business-ambition span,.technical-detail summary{font-size:11px;letter-spacing:.1em;font-weight:800;color:var(--accent)}
.business-origin p{font-size:16px;font-weight:800;letter-spacing:-.035em;margin:0;line-height:1.25}
.business-origin i{font-style:normal;color:var(--accent)}
.business-origin small{grid-column:2;font-size:12px;color:var(--muted);line-height:1.35;margin-top:5px}
.business-steps{display:grid;grid-template-columns:repeat(3,minmax(0,1fr));border-bottom:1px solid var(--ink)}
.business-steps article{padding:15px 18px 15px;border-right:1px solid var(--line);display:flex;flex-direction:column}
.business-steps article:first-child{padding-left:0}.business-steps article:last-child{border-right:0}
.business-steps h4{font-size:clamp(18px,2vw,27px);letter-spacing:-.05em;line-height:1.13;margin:8px 0}
.business-steps p{font-size:12px;line-height:1.37;color:var(--muted);margin:0 0 11px}
.business-steps article>b{font-size:11px;color:var(--blue);margin-top:auto}
.business-payoff{display:flex;justify-content:space-between;align-items:end;gap:18px;padding:13px 0}
.business-payoff strong{font-size:clamp(20px,2.1vw,29px);letter-spacing:-.05em;line-height:1.12}
.business-ambition{display:grid;grid-template-columns:1fr 1.25fr;gap:25px;padding:13px 0;border-top:1px solid var(--line)}
.business-ambition b{font-size:17px;letter-spacing:-.04em;color:var(--accent)}
.business-ambition p{font-size:12px;line-height:1.35;margin:5px 0 8px;color:var(--muted)}
.business-ambition span{font-size:10px}
.business-ambition div:last-child p{font-weight:700;color:var(--ink)}
.business-close{border-top:1px solid var(--line);padding:11px 0 0;font-size:13px;font-weight:700;line-height:1.38;margin:0}
.technical-detail{margin-top:10px;border-top:1px solid var(--line);padding-top:7px}
.technical-detail summary{cursor:pointer;list-style:none;display:flex;justify-content:space-between;align-items:center}
.technical-detail summary::-webkit-details-marker{display:none}
.technical-detail summary span{font-size:18px;line-height:1}
.technical-detail[open] summary span{transform:rotate(45deg)}
.technical-detail>div{display:grid;grid-template-columns:1fr 1fr;gap:10px 20px;padding:12px 0}
.technical-detail p{font-size:12px;line-height:1.45;color:var(--muted);margin:0}
.technical-detail p:last-child{grid-column:1/-1}
.technical-detail b{color:var(--ink)}.technical-detail a{text-decoration:underline;text-underline-offset:2px}
@media(max-width:850px){.business-origin{grid-template-columns:1fr}.business-origin small{grid-column:1}.business-ambition{grid-template-columns:1fr}.business-steps h4{font-size:18px}}
@media(max-width:620px){.business-origin p{margin-top:6px}.business-steps{grid-template-columns:1fr}.business-steps article,.business-steps article:first-child{padding:12px 0;border-right:0;border-bottom:1px solid var(--line)}.business-steps article:last-child{border-bottom:0}.business-steps h4{margin:4px 0}.business-payoff{display:block}.business-payoff span{display:block;margin-top:9px}.technical-detail>div{grid-template-columns:1fr}.technical-detail p:last-child{grid-column:1}}
/* The business case is one editorial unit beneath the unchanged team. */
.business-case{margin-top:24px}
.business-origin{grid-template-columns:195px 1fr;padding:0 0 19px;row-gap:7px}
.business-origin>span{font-size:12px}
.business-origin p{font-size:clamp(18px,1.6vw,24px);line-height:1.22}
.business-origin small{font-size:14px;line-height:1.45}
.business-steps{gap:8px;border-bottom:0;margin:9px 0 8px}
.business-steps article,.business-steps article:first-child{padding:24px 21px;min-height:225px;border:0;background:var(--ink);color:#fff}
.business-steps article:nth-child(2){background:#eaf1ec;color:var(--ink)}
.business-steps article:nth-child(3){background:var(--accent);color:#fff}
.business-steps span{font-size:12px;color:#a5d398}
.business-steps article:nth-child(2) span{color:var(--accent)}
.business-steps h4{font-size:clamp(23px,2.1vw,34px);line-height:1.08;margin:19px 0 13px}
.business-steps p{font-size:15px;line-height:1.42;color:#d8e5dd}
.business-steps article:nth-child(2) p{color:#405b4b}
.business-steps article>b{font-size:13px;line-height:1.3;color:#a5d398}
.business-steps article:nth-child(2)>b{color:var(--blue)}
.business-steps article:nth-child(3)>b{color:#fff}
.business-payoff{display:grid;grid-template-columns:1fr auto;align-items:center;column-gap:24px;background:var(--ink);color:#fff;padding:20px 24px;margin:0 0 8px}
.business-payoff span{grid-column:1/-1;color:#a5d398;font-size:12px;margin-bottom:8px}
.business-payoff strong{font-size:clamp(26px,3vw,45px);line-height:1.05;letter-spacing:-.055em}
.business-payoff p{font-size:16px;font-weight:800;white-space:nowrap;margin:0;color:#d8e5dd}
.business-payoff i,.business-ambition i,.business-close i{font-style:normal;color:#91cb79}
.business-ambition{grid-template-columns:1fr 1.2fr;gap:8px;padding:0;border:0}
.business-ambition>div{background:#eaf1ec;padding:22px 24px}
.business-ambition .ambition-statement{background:#d9eace}
.business-ambition span{font-size:12px}
.business-ambition b{display:block;color:var(--ink);font-size:clamp(24px,2.4vw,37px);line-height:1.08;letter-spacing:-.055em;margin:12px 0}
.business-ambition p{font-size:15px;line-height:1.42;color:#405b4b}
.ambition-comparison{display:flex;flex-direction:column;justify-content:space-between;gap:15px}
.ambition-comparison div:first-child{border-bottom:1px solid #bed4c3;padding-bottom:10px}
.business-ambition .ambition-comparison p{font-size:clamp(17px,1.65vw,23px);font-weight:800;color:var(--ink);line-height:1.2;margin:7px 0 0}
.business-ambition .ambition-comparison span{color:var(--accent)}
.business-close{display:grid;grid-template-columns:120px 1fr;gap:20px;align-items:baseline;border-top:1px solid var(--ink);border-bottom:1px solid var(--ink);padding:15px 0;margin-top:13px}
.business-close span{font-size:12px;color:var(--accent);letter-spacing:.1em}
.business-close p{font-size:15px;line-height:1.4;margin:0}
.business-close i{color:var(--accent)}
.technical-detail{padding:13px 0 4px;margin-top:0;border-top:0}
.technical-detail summary{font-size:12px}
.technical-detail p{font-size:14px}
@media(max-width:850px){.business-steps{grid-template-columns:1fr}.business-steps article,.business-steps article:first-child{min-height:0;padding:20px}.business-steps h4{margin:9px 0}.business-payoff{grid-template-columns:1fr}.business-payoff p{margin-top:14px}.business-ambition{grid-template-columns:1fr}.business-close{grid-template-columns:1fr;gap:5px}}
@media(max-width:620px){
  /* Reading text uses a real mobile type scale across all eight screens. */
  .screen{padding:30px 20px 90px}
  .page-index{font-size:12px;letter-spacing:.08em}
  .eyebrow,.market-code,.market-grid strong,.takeaway span,.cost-title span,.model-label span,.round-figures span,.tranches span,.business-origin>span,.business-steps span,.business-payoff span,.business-ambition span,.technical-detail summary{font-size:12px}
  .hero-opening .hero-explain p,.plant-flow p,.quality-proof p,.value-screen .demand-grid p,.value-screen .journey small,.journey-note,.economic-loop p,.example-strip p,.market-grid p,.origin-note,.team-grid p,.buyer-strip p,.model-label p,.year-cards article p,.entry-thesis p,.model-access p,.return-logic p,.return-logic small,.round-conviction,.tranches p,.gate-note,.source,.footnote,.closing,.sensitivity-note{font-size:15px;line-height:1.48}
  .opening-proof span,.plant-flow span,.journey span,.demand-grid b,.buyer-strip b,.year-cards small,.year-cards em,.year-cards footer,.team-grid article>span,.team-grid article>b,.investment-path b,.investment-path small{font-size:13px;line-height:1.35}
  .plant-flow{grid-template-columns:1fr}.plant-flow article,.plant-flow .plant-result{grid-column:auto;min-height:0;padding:18px}
  .plant-flow strong{font-size:21px}.plant-flow p{font-size:16px}
  .journey{grid-template-columns:1fr}.journey>div,.value-screen .journey>div{min-height:0;padding:15px 18px}.journey>div:after{display:none!important}.value-screen .journey b{font-size:18px}.value-screen .journey small{font-size:15px}
  .market-grid p,.buyer-strip p,.team-grid p{font-size:16px}
  .year-cards{grid-template-columns:1fr}.year-cards article,.year-cards article:first-child,.year-cards article:nth-child(3),.year-cards .scale-card{padding:20px 16px;border-right:0;border-bottom:1px solid var(--line)}.year-cards article:last-child{border-bottom:0}.year-cards article>strong{font-size:36px}.year-cards article>div b{font-size:25px}.year-cards article p{margin-top:8px}
  .bar-item{grid-template-columns:110px 1fr}.bar-item strong{font-size:20px}.bar-item span{font-size:14px}
  .flywheel span{font-size:15px}
  .business-case{margin-top:28px}.business-origin{display:block;padding-bottom:18px}.business-origin p{font-size:20px;margin:10px 0}.business-origin small{display:block;font-size:16px}
  .business-steps{gap:5px;margin:12px 0 6px}.business-steps article,.business-steps article:first-child{padding:22px;border:0;min-height:0}.business-steps h4{font-size:27px;margin:11px 0}.business-steps p{font-size:16px}.business-steps article>b{font-size:15px}
  .business-payoff{display:block;padding:25px 22px}.business-payoff span{margin:0 0 12px}.business-payoff strong{font-size:clamp(27px,7.6vw,38px)}.business-payoff p{font-size:15px;white-space:normal;margin:15px 0 0}
  .business-ambition{display:grid;grid-template-columns:1fr;gap:5px}.business-ambition>div{padding:22px}.business-ambition b{font-size:29px}.business-ambition p{font-size:16px}.business-ambition .ambition-comparison p{font-size:19px;line-height:1.3}
  .business-close{display:block;padding:17px 0}.business-close p{font-size:16px;margin:7px 0 0}
.technical-detail summary{font-size:14px}.technical-detail p{font-size:15px}
  .team-assets p,.model-footer p,.example-strip small,.fixed-inputs b{font-size:15px;line-height:1.45}
  .buyer-callout,.fixed-inputs span,.sensitivity-results span{font-size:13px}
  .sensitivity legend,.sensitivity-trigger{font-size:15px}
}

/* 03 / La demanda: el producto ya quedó explicado en la pantalla anterior. */
.demand-screen .section-head{margin:clamp(27px,5vh,68px) 0 25px}
.demand-drivers{display:grid;grid-template-columns:repeat(3,minmax(0,1fr));gap:8px;flex:1;max-height:390px;min-height:240px}
.demand-drivers article{display:flex;flex-direction:column;background:#eaf1ec;padding:24px 25px;min-width:0}
.demand-drivers article:nth-child(2){background:var(--ink);color:#fff}
.demand-drivers span{font-size:12px;font-weight:800;letter-spacing:.12em;color:var(--accent)}
.demand-drivers article:nth-child(2) span{color:#a5d398}
.demand-drivers strong{display:block;font-size:clamp(23px,2.5vw,39px);line-height:1.13;letter-spacing:-.05em;margin:24px 0}
.demand-drivers p{font-size:15px;line-height:1.48;color:var(--muted);margin:auto 0 0}
.demand-drivers article:nth-child(2) p{color:#c3d4cb}
.demand-drivers a{text-decoration:underline;text-underline-offset:3px}
.demand-conclusion{display:grid;grid-template-columns:1fr 1fr;gap:35px;align-items:center;border-top:1px solid var(--ink);padding:23px 0 20px;margin-top:24px}
.demand-conclusion strong{font-size:clamp(26px,3vw,47px);line-height:1.07;letter-spacing:-.055em;color:var(--accent)}
.demand-conclusion p{font-size:18px;line-height:1.38;margin:0}.demand-conclusion b{color:var(--accent)}
.demand-bridge{display:flex;align-items:center;gap:35px;background:#eaf1ec;padding:15px 20px;margin-top:auto}
.demand-bridge div{display:flex;align-items:center;gap:12px;white-space:nowrap;font-size:16px;font-weight:800;letter-spacing:-.03em}
.demand-bridge strong{color:var(--accent)}.demand-bridge i{font-style:normal;color:var(--accent)}
.demand-bridge p{font-size:13px;line-height:1.4;color:var(--muted);margin:0}
.kpi-asof{font-size:11px;letter-spacing:.13em;font-weight:800;color:var(--accent);margin:0 0 7px}
.valuation-bridge{display:flex;gap:13px;align-items:baseline;font-size:12px;letter-spacing:.08em;font-weight:800;color:var(--muted);margin:12px 0 0}
.valuation-bridge b{font-size:19px;letter-spacing:-.04em;color:var(--ink)}.valuation-bridge i{font-style:normal;color:var(--accent)}
.why-now-screen .section-head{margin:clamp(25px,4vh,55px) 0 20px}
.why-now-screen .market-grid{flex:none;min-height:190px}
.why-now-screen .market-grid article{padding-top:14px;padding-bottom:15px}
.why-now-screen .market-grid h3{margin:13px 0 5px}
.why-now-screen .takeaway{margin-top:15px}
.market-clock{margin-top:20px;border-top:2px solid var(--ink);padding-top:12px}
.attribute-thesis{margin-top:19px;border-top:2px solid var(--ink);padding-top:15px}
.attribute-head{display:grid;grid-template-columns:125px minmax(0,1fr) minmax(0,.72fr);gap:15px;align-items:center}
.attribute-head span,.attribute-market span{font-size:11px;font-weight:800;letter-spacing:.11em;color:var(--accent)}
.attribute-head strong{font-size:clamp(21px,2.35vw,35px);line-height:1.07;letter-spacing:-.045em;color:var(--accent)}
.attribute-head p{font-size:14px;line-height:1.4;margin:0}
.attribute-market{display:grid;grid-template-columns:repeat(3,1fr);gap:5px;margin-top:15px}
.attribute-market div{background:#eaf1ec;padding:12px 16px;display:grid;gap:3px}
.attribute-market b{font-size:19px;letter-spacing:-.04em}.attribute-market small{font-size:12px;color:var(--muted)}
.attribute-line{font-size:12px;letter-spacing:.025em;margin:11px 0 0}.attribute-line b{color:var(--accent)}
.market-detail{border-top:1px solid var(--line);padding-top:10px;margin-top:13px}
.market-detail summary,.investment-faq summary{cursor:pointer;color:var(--accent);font-size:12px;font-weight:800;letter-spacing:.09em;list-style:none}
.market-detail summary::-webkit-details-marker,.investment-faq summary::-webkit-details-marker{display:none}
.market-detail summary span,.investment-faq summary span{padding-left:10px}
.market-detail[open],.investment-faq[open]{padding-bottom:20px}
.market-detail-grid{display:grid;grid-template-columns:repeat(3,1fr);gap:7px;margin-top:15px}
.market-detail-grid article{padding:17px;background:#eaf1ec}.market-detail-grid span{font-size:11px;color:var(--accent);font-weight:800;letter-spacing:.08em}
.market-detail-grid strong{display:block;font-size:26px;letter-spacing:-.05em;margin:9px 0}
.market-detail-grid p,.market-detail>p{font-size:13px;line-height:1.48;margin:0}
.market-detail-flow{display:grid;gap:7px;margin:9px 0;font-size:13px;line-height:1.4}.market-detail-flow span,.market-detail-flow b{display:block;padding:13px 16px;background:#eaf1ec}.market-detail-flow b{background:var(--ink);color:#fff}
.market-detail .source{margin-top:10px;font-size:11px}
.regulation-bridge{border-bottom:1px solid var(--ink);padding:15px 0 18px}
.regulation-cases{display:grid;grid-template-columns:1fr 1fr;gap:8px;margin-bottom:15px}
.regulation-cases p{display:flex;gap:11px;align-items:baseline;background:#eaf1ec;padding:11px 14px;margin:0;font-size:13px;line-height:1.35}
.regulation-cases b{color:var(--accent);white-space:nowrap;font-size:11px;letter-spacing:.08em}
.regulation-bridge>strong{display:block;font-size:clamp(20px,2.25vw,34px);line-height:1.12;letter-spacing:-.05em;margin:0 0 13px;color:var(--ink)}
.trade-chain{display:grid;grid-template-columns:1fr 1fr 1fr;gap:5px}
.trade-chain>div{background:#eaf1ec;padding:12px 15px;position:relative}
.trade-chain>div:not(:last-child):after{content:'›';position:absolute;right:7px;top:14px;color:var(--accent);font-size:22px}
.trade-chain .trade-core{background:var(--ink);color:#fff}
.trade-chain span{display:block;font-size:11px;font-weight:800;letter-spacing:.09em;color:var(--accent)}
.trade-chain .trade-core span{color:#a5d398}
.trade-chain b{display:block;font-size:15px;line-height:1.28;margin-top:5px}
.trade-proof{font-size:12px;margin:11px 0 0;color:var(--ink)}.trade-proof b{color:var(--accent)}.trade-proof em{font-style:normal;color:var(--muted);margin-left:10px}
.revenue-engines{display:grid;grid-template-columns:repeat(3,1fr);gap:6px}
.revenue-engines article{background:#eaf1ec;padding:24px;min-height:205px;display:flex;flex-direction:column}
.revenue-engines article:nth-child(2){background:var(--ink);color:#fff}
.revenue-engines article:nth-child(3){background:#d9eace}
.revenue-engines span{font-size:11px;letter-spacing:.12em;font-weight:800;color:var(--accent)}
.revenue-engines article:nth-child(2) span{color:#a5d398}
.revenue-engines strong{font-size:clamp(20px,2.15vw,32px);line-height:1.1;letter-spacing:-.05em;display:block;margin:20px 0}
.revenue-engines p{font-size:14px;line-height:1.42;margin:auto 0 0}
.volume-chain{display:flex;flex-wrap:wrap;gap:6px;margin:20px 0 0}
.volume-chain span,.volume-chain b{background:#eaf1ec;padding:11px 13px;font-size:12px;font-weight:800;position:relative}
.volume-chain span:after{content:'›';padding-left:12px;color:var(--accent)}
.volume-chain b{background:var(--accent);color:#fff}
#mas-caudal .cost-block{margin-top:25px;padding:20px 0 13px}
#mas-caudal .cost-title p{font-size:clamp(22px,2.3vw,33px);margin:12px 0 0}
.scale-close{border-top:1px solid var(--ink);padding:14px 0;display:grid;grid-template-columns:150px 1fr;gap:20px;align-items:baseline}
.scale-close b{font-size:11px;color:var(--accent);letter-spacing:.1em}
.scale-close p{font-size:17px;line-height:1.35;font-weight:700;letter-spacing:-.03em;margin:0}
.faq-section{background:#eaf1ec;padding:65px 7vw 100px 11vw}
.faq-jump{display:inline-block;margin-top:18px;color:var(--accent);font-weight:800;font-size:13px;letter-spacing:.035em;text-decoration:underline;text-underline-offset:4px}
.faq-section{scroll-margin-top:72px}
.faq-inner{max-width:1180px;margin:auto}.faq-section h2{font-size:clamp(38px,4vw,64px);margin:12px 0 35px}
.faq-list{border-top:1px solid var(--ink)}
.faq-list details{border-bottom:1px solid #bdd1c3;padding:0}
.faq-list summary{cursor:pointer;list-style:none;font-size:clamp(17px,1.6vw,24px);font-weight:800;letter-spacing:-.035em;line-height:1.25;padding:18px 40px 18px 0;position:relative}
.faq-list summary::-webkit-details-marker{display:none}
.faq-list summary:after{content:'+';position:absolute;right:6px;color:var(--accent)}
.faq-list details[open] summary:after{content:'−'}
.faq-list details p{font-size:16px;line-height:1.5;max-width:860px;margin:0 0 20px;color:#405b4b}
.faq-list .faq-sources{display:block;font-size:14px;line-height:1.55;margin-top:12px}
.faq-list .faq-sources a{color:var(--accent);text-decoration:underline;text-underline-offset:2px}
.investment-faq{margin:17px 0;border-top:1px solid var(--line);padding-top:12px}
.investment-faq>div{display:grid;grid-template-columns:repeat(3,1fr);gap:8px;margin-top:15px}
.investment-faq article{background:#eaf1ec;padding:18px}.investment-faq b{font-size:13px;color:var(--accent)}.investment-faq p{font-size:13px;line-height:1.5;margin:9px 0 0}
.equity-note b{color:var(--accent)}
.market-clock h3{font-size:clamp(26px,3vw,45px);font-weight:800;line-height:1.07;letter-spacing:-.055em;margin:0 0 20px}
.clock-milestones{display:grid;grid-template-columns:repeat(5,minmax(0,1fr));border-top:1px solid var(--ink)}
.clock-milestones>div{position:relative;padding:16px 14px 4px 0;border-right:1px solid var(--line)}
.clock-milestones>div+div{padding-left:14px}.clock-milestones>div:last-child{border:0}
.clock-milestones>div:before{content:'';position:absolute;top:-5px;left:0;width:8px;height:8px;background:var(--accent);border-radius:50%}
.clock-milestones>div+div:before{left:14px}
.clock-milestones b{display:block;font-size:13px;letter-spacing:.08em;color:var(--accent)}
.clock-milestones span{display:block;font-size:13px;line-height:1.35;margin-top:6px}
.market-clock>strong{display:block;border-top:1px solid var(--line);padding-top:14px;margin-top:18px;font-size:clamp(21px,2.35vw,35px);font-weight:800;line-height:1.07;letter-spacing:-.045em;color:var(--accent)}
.why-now-screen .clock-source{border-top:1px solid var(--line);padding-top:10px;font-size:10px;font-weight:400;color:var(--muted);margin-top:18px;line-height:1.35}
@media(max-width:850px){.demand-drivers article{padding:20px}.demand-drivers strong{font-size:24px}.demand-conclusion{gap:20px}.demand-bridge{display:block}.demand-bridge p{margin-top:8px}}
@media(max-width:900px){.clock-milestones{grid-template-columns:repeat(3,1fr);row-gap:12px}.clock-milestones>div:nth-child(3){border-right:0}.why-now-screen .market-grid{min-height:0}}
@media(max-width:620px){
  .regulation-cases,.trade-chain,.revenue-engines{grid-template-columns:1fr}
  .regulation-cases p{display:block;font-size:15px}.regulation-cases b{display:block;font-size:13px;margin-bottom:4px}
  .regulation-bridge>strong{font-size:25px}
  .trade-chain>div{padding:16px}.trade-chain span{font-size:13px}.trade-chain b{font-size:18px}
  .trade-proof{font-size:15px;line-height:1.5}.trade-proof em{display:block;margin:5px 0 0}
  .revenue-engines article{min-height:0;padding:24px}.revenue-engines span{font-size:13px}.revenue-engines strong{font-size:28px;margin:12px 0}.revenue-engines p{font-size:16px}
  .volume-chain span,.volume-chain b{font-size:14px}
  .scale-close{grid-template-columns:1fr;gap:5px}.scale-close b{font-size:13px}.scale-close p{font-size:19px}
  .faq-section{padding:48px 20px 90px}.faq-section h2{font-size:40px}.faq-list summary{font-size:20px}.faq-list details p{font-size:16px}
  .attribute-head{display:block}.attribute-head strong{display:block;font-size:29px;margin:9px 0}.attribute-head p{font-size:16px}
  .attribute-market,.market-detail-grid,.investment-faq>div{grid-template-columns:1fr}
  .attribute-market div{padding:15px}.attribute-market span{font-size:13px}.attribute-market b{font-size:22px}.attribute-market small{font-size:15px}
  .attribute-line{font-size:15px;line-height:1.45}
  .market-detail summary,.investment-faq summary{font-size:15px}
  .market-detail-grid p,.market-detail>p,.market-detail-flow,.investment-faq p{font-size:16px}
  .market-detail .source{font-size:13px}
  .kpi-asof{font-size:12px;margin-top:7px}.valuation-bridge{display:block;font-size:12px}.valuation-bridge b{font-size:17px}
  .why-now-screen .section-head{margin:30px 0 24px}.why-now-screen .market-grid article{padding:16px 0}.why-now-screen .market-grid h3{margin:5px 0}
  .market-clock{margin-top:25px}.market-clock h3{font-size:31px}.clock-milestones{grid-template-columns:1fr;row-gap:0;border-top:0;border-left:1px solid var(--ink);margin-left:4px}
  .clock-milestones>div,.clock-milestones>div+div{border-right:0;border-bottom:1px solid var(--line);padding:8px 0 14px 18px}
  .clock-milestones>div:before,.clock-milestones>div+div:before{top:12px;left:-5px}.clock-milestones b{font-size:14px}.clock-milestones span{font-size:16px;margin-top:3px}
  .market-clock>strong{font-size:29px;line-height:1.12}.why-now-screen .clock-source{font-size:11px;line-height:1.4}
  .demand-screen .section-head{margin:30px 0 24px}
  .demand-drivers{grid-template-columns:1fr;max-height:none;min-height:0;gap:6px;flex:none}
  .demand-drivers article{min-height:0;padding:22px}.demand-drivers span{font-size:13px}
  .demand-drivers strong{font-size:26px;margin:12px 0 9px}.demand-drivers p{font-size:16px;line-height:1.45}
  .demand-conclusion{grid-template-columns:1fr;gap:13px;padding:23px 0;margin-top:25px}
  .demand-conclusion strong{font-size:31px}.demand-conclusion p{font-size:18px}
  .demand-bridge{padding:18px;margin-top:0}.demand-bridge div{gap:9px;font-size:17px}.demand-bridge p{font-size:15px;line-height:1.48}
}
/* Language selector uses the existing masthead typography. */
.language-switch{white-space:nowrap;color:var(--muted);font-size:12px;font-weight:700;letter-spacing:.04em}
.language-switch a{color:inherit;text-decoration:none}
.language-switch b{color:var(--ink)}
.language-switch a:hover{text-decoration:underline}
@media(max-width:620px){.language-switch{font-size:12px}}

/* Authorized consistency changes: connection KPI and supporting scale evidence. */
.hero-opening .opening-proof .connections-secondary strong{font-size:var(--connection-secondary-size,32px);color:var(--muted)}
.sefe-context{font-weight:400}
.sefe-context em{font-style:normal;display:block;margin-top:6px}
#mas-caudal .scale-thesis{grid-template-columns:1fr;margin-top:25px}
#supuestos-escala .cost-chart{padding:16px 0}
.model-objective{font:inherit;color:var(--ink);margin:16px 0}

/* Market context: unnumbered, compact and independently maintained. */
.market-updates{padding:42px 6vw 42px 11vw;border-top:1px solid var(--line);background:var(--paper)}
.market-updates-inner{max-width:1400px;margin:0 auto}
.market-updates h2{font-size:28px;line-height:1.12;letter-spacing:-.035em;margin:0 0 24px}
.market-updates-cards{display:grid;grid-template-columns:repeat(4,minmax(0,1fr));gap:14px}
.market-update-card{border-top:2px solid var(--accent);padding:16px 12px 16px 0;display:flex;flex-direction:column;min-width:0}
.market-update-date{font-size:22px;line-height:1.1;font-weight:800;color:var(--ink)}
.market-update-category{font-size:11px;line-height:1.3;font-weight:700;letter-spacing:.06em;color:var(--accent);margin-top:7px}
.market-update-card h3{font-size:20px;line-height:1.2;font-weight:700;letter-spacing:-.025em;margin:16px 0 10px}
.market-update-card p{font-size:14px;line-height:1.45;color:var(--muted);margin:0 0 15px;display:-webkit-box;-webkit-box-orient:vertical;-webkit-line-clamp:2;overflow:hidden}
.market-update-card a{font-size:13px;font-weight:700;color:var(--accent);margin-top:auto;text-decoration:none;align-self:flex-start}
.market-update-card a:hover{text-decoration:underline}
.market-updates-conclusion{border-top:1px solid var(--line);padding-top:22px;margin-top:20px}
.market-updates-conclusion strong{display:block;font-size:23px;line-height:1.24;letter-spacing:-.025em;font-weight:700;max-width:950px}
.market-updates-conclusion p{font-size:16px;line-height:1.4;color:var(--muted);margin:12px 0 0}
@media(max-width:900px){.market-updates{padding:36px 32px 36px 62px}.market-updates-cards{display:flex;overflow-x:auto;scroll-snap-type:x mandatory;gap:20px;padding-bottom:12px}.market-update-card{flex:0 0 290px;scroll-snap-align:start}}
@media(max-width:620px){.market-updates{padding:35px 20px 40px}.market-updates h2{font-size:26px}.market-update-card{flex-basis:82%;padding-right:8px}.market-updates-conclusion strong{font-size:22px}}

/* Argentina: compact driver, expandable case study only. */
.market-grid .argentina-case{margin-top:12px}
.market-grid .argentina-case summary{cursor:pointer;list-style:none;color:var(--accent);font-size:14px;font-weight:600;line-height:1.4;letter-spacing:0}
.market-grid .argentina-case summary::-webkit-details-marker{display:none}
.market-grid .argentina-case summary:focus-visible{outline:2px solid var(--accent);outline-offset:4px}
.market-grid .argentina-case[open] .sefe-context{margin-top:12px}

/* Inline presentation video, preserving the existing hero composition. */
.caudal-video-inline{display:block;width:100%;aspect-ratio:16/9;object-fit:contain;background:#000;border:1px solid var(--line);border-radius:8px;margin-top:20px}
/* El campo competitivo — bloque desplegable dentro de #why-caudal.
   Clase propia (no .technical-detail) para que las reglas de párrafo de ese desplegable no se filtren a las tarjetas. */
.campo-competitivo{margin-top:22px;border-top:1px solid var(--ink);padding:13px 0 4px}
.campo-competitivo>summary{cursor:pointer;list-style:none;display:flex;justify-content:space-between;align-items:baseline;gap:20px;font-size:12px;letter-spacing:.1em;font-weight:800;color:var(--accent)}
.campo-competitivo>summary::-webkit-details-marker{display:none}
.campo-competitivo>summary b{flex:1;font-size:clamp(17px,1.5vw,22px);font-weight:800;letter-spacing:-.035em;line-height:1.25;color:var(--ink)}
.campo-competitivo>summary>span{font-size:18px;line-height:1}
.campo-competitivo[open]>summary>span{transform:rotate(45deg)}
.campo-competitivo>div{padding:16px 0 4px}
.campo-competitivo .business-payoff p{white-space:normal}
.campo-mapa{display:grid;grid-template-columns:1fr 1fr;gap:10px 20px;padding:14px 0 0}
.campo-mapa p{font-size:14px;line-height:1.45;color:var(--muted);margin:0}
.campo-mapa p:last-child{grid-column:1/-1}
.campo-mapa b{color:var(--ink)}.campo-mapa a{text-decoration:underline;text-underline-offset:2px}
@media(max-width:620px){.campo-competitivo>summary{flex-wrap:wrap;gap:6px;font-size:14px}.campo-competitivo>summary b{flex-basis:100%;order:3}.campo-mapa{grid-template-columns:1fr}.campo-mapa p{font-size:15px}.campo-mapa p:last-child{grid-column:1}}
/* Celular: que nada empuje la página más ancha que la pantalla (13-oct-2026) */
@media(max-width:620px){
#mas-caudal .section-head h2{font-size:min(43px,calc((100vw - 40px)*.112))}
#faq-heading{font-size:min(40px,calc((100vw - 40px)*.135))}
.revenue-engines,#why-caudal .business-steps{grid-template-columns:minmax(0,1fr)}
.revenue-engines strong,#why-caudal .business-steps h4{overflow-wrap:break-word;hyphens:manual}
}
@media(max-width:400px){
.demand-bridge div{flex-wrap:wrap;row-gap:4px;font-size:15px}
.revenue-engines strong{font-size:24px}
#why-caudal .business-steps h4{font-size:24px}
}
/* Botón para ver el video en grande (13-oct-2026) */
.video-full-button{margin-top:8px;font:inherit;font-size:12px;font-weight:800;letter-spacing:.06em;text-transform:uppercase;color:var(--accent);background:transparent;border:1px solid var(--line);border-radius:6px;padding:9px 12px;cursor:pointer;display:inline-flex;gap:8px;align-items:center}
.video-full-button:hover{border-color:var(--accent)}
.video-full-button span{font-size:15px;line-height:1}
@media(max-width:620px){.video-full-button{display:flex;width:100%;justify-content:center;padding:12px}}