What Is the Value of a Business?

I feel like the piece that is really key for my world to understand is that they're just like this being an entrepreneur where the entrepreneur, you're like the entrepreneur is a verb. And so from our perspective, kind of our investment thesis as we're doing this is we think that we're looking at things that no one else really classifies as an asset yet. We can turn these things into assets that will eventually be valued like how conventional assets get valued. That's been really cool. It's a fun place to be because I think the traditional financial way that you underwrite a bit and figure out what a business is worth isn't always true.

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