This is strikingly similar to just about every tech acquisition in history. Buyers purchase the assets, potentially including part of the team, needed to produce a reproducible business outcome, however one defines those terms.
What is striking is how quickly the team was able to assemble a reproducible business outcome worth so much.
A pithy statement that is like candy to VC ears, but falls down if you think about it even a little.
Nobody is going to buy Adobe for its client list.
How much would the code of say Photoshop be worth if the entire Photoshop team were to leave and set up a competing business?
An early stage company that barely has any code? Yes, in that case, it's the team that matters because they haven't fulfilled the vision yet.