Podcast with Chase Chamberlin & Brian Doxtato of Commonwealth

This week Horacio and I sat down with Chase Chamberlin and Brian Doxtator, CMO and CEO at Commonwealth, which allows anyone to buy shares in world-class racehorses.

In the chat, we discuss:

  • How Rally inspired Brian to think about fractionalized horses
  • What each founder brings to the table (Chase = horses, Brian = business & finance)
  • How horse racing can be intimidating, and how they’ve worked hard to make everything so easy to understand
  • How they spend their day-to-day (visiting their horses, talking to lawyers, keeping up with SEC regulations)
  • Their bloodstock team, and the difficulty of selecting quality colts
  • How they drive community and make everything feel personal (they have customers from 49 states and 16 countries)
  • How they have aligned incentives by tying their business model to customer success
  • How they think about racehorse valuations (there is tons of public auction data available)
  • What goes into racehorse acquisition costs (horse itself, and 2 years worth of training costs, expenses & legal fees)
  • Unicorn returns aside, what a good return actually looks like in this industry
  • The excitement of watching their horse, Country Grammer, win a close race
  • Where Commonwealth falls on the “investing vs gambling” spectrum
  • What’s next for Commonwealth (trading, secondary markets, gamification, and education)

Best Quote:

Look, if you’re already gambling on horses, why not invest instead? Your losses are tax-deductible!
-Brian Doxtator

You can listen on Spotify or iTunes

Enjoy!

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Author

Picture of Stefan von Imhof

Stefan von Imhof

As the CEO of Alts, Stefan lives and breathes alternative asset analysis and valuations. His alternative investing newsletter has grown into Alts.co — the world's largest alt investing community, with over 200,000 investors. His favorite alternative investments are holiday rentals, cash-flowing websites, and especially his collection of 300 vinyl records. Originally from Boston and Santa Barbara, CA, he now lives with his wife in Australia.

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