In live markets, a valuation error of about 5 percent can prevent deals, fees, capital allocation, or lending, or can lead to systematic overpayment.

“But we realized that, you know, in these live processes, these markets are so efficient that if you're off by plus or minus five percent, you're either never gonna do a deal and you're never gonna generate fees or allocate capital or, or make loans, right, for your end customer, or you're gonna overpay on everything.”