The speaker's team believed Codex lacked the final 20% needed for a successful financial product, and that launching Codex alone as a financial product would fail.

“But, you know, um, the 20% is missing, and so we need to find some way for my team to go build that 20% to actually go in. 'Cause the other half of the thesis was if you just took Codex and launched it as a financial product, um, it would fail.”