WHAT CHANGED
Why the working record became worth something
This is not a business owner's failure of imagination. Until recently, the operating record genuinely had no buyer.
The material ran out
The obvious public sources have been exhausted. What has not been used is the operating record of real businesses.
Reasoning became the asset
What is valuable is visible reasoning — arguments, drafts, revisions. Real companies produce that as a by-product of working.
A buyer appeared
Polyshares is a data lab and the counterparty. We license directly from the company that produced it.
The price is real
Deals typically land between $100K and $2M, paid by us to the company, with no fee and no commission.