Sean Moss-Pultz

If you're a celebrity, it's worth a heck of a lot more.

Oh, no, that would just be location data itself.

I think actually that the more specific you get, so the more clear it is what this data was, how it was generated, is it authentic or not, the higher the value becomes.

Our thesis, if you will, is that data is the next big asset class.

Right now, it's only valuable on the big data side, on the business.

So from the earliest days, we worked with lawyers to talk about this.

My dad is a lawyer that does estate planning.

And a lot of these ideas came out of the fact that you can't take your, say, your iTunes library or your Kindle ebook library and transfer it to your son.

That was my personal problem.

And so I was looking into property law, how property law works, how the government interacts with individual private property.

And the interesting thing here is that

governments will enforce private contracts.

And so as long as there is intent, as long as both parties agree to a transaction, um, it was recorded, it was, you know, uh, timestamped, um, that's definitely an enforceable event.

And so there, there has not been a court case of somebody suing, uh, let's say Facebook, for example, for, you know, for selling the data to somebody, um, that was not part of the terms, but, um,

But we think that that the court system will completely understand how to treat digital property titles the same way that that in the physical world, if you sell me your car and then you go back and steal it from me, I can definitely get you.

Yeah, but let me kind of push back on that a little bit.

So like the history of ownership goes originally from land, right?

And that was the original property, but then it came into intellectual property and intellectual property.

We sort of kind of retrofitted a system that more or less works for

And those are all intangible goods.