Like Terry said, and I'm not endorsing West Point here, I left them years ago, is that some FOR PROFIT business models like his, Dogwood, Peachtree, Sovereign et al, do operate this way and they are very successfull with it.It's just another business model that they are comfortable with. It is NOT for everybody and they admit it!
I would love to start a stable and share like you do. We all split the risk! In fact a group of former CVF owners are trying to form their own with the main startup person holding 50% stake.
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