They came from the owner’s suite, second floor of the grandstand, rail. From California and Michigan and beyond. They didn’t want to miss this moment. Their horse had just won the Kentucky Derby and the winner’s circle beckoned.
Brian Docstater and Chase Chamberlin were among those wearing white mage hats. His Commonwealth app allows fans to purchase shares of racehorses such as Mage for as little as $50. We will soon be offering shares of promising golfers. It takes about 60 seconds to invest in an athlete the first time and about 30 seconds after that. Think fantasy football, investing, and pure fun.
“Yes, we are a technology platform and we sell shares so we can potentially make money, but really what we are doing is building a community of really passionate sports fans. It’s about being there,” said Docstater. “We call them the Big Day Out crowd. They’re the kind of people who call five friends if they’re going to do something.”
The Federation and its users own 25 percent of mages. Trainer Gustavo Delgado Sr., phlebotomist Ramiro Restrepo and real estate investor Sam Hertzberg own the rest. For the $3 million Derby, a $50 stock yielded $95 after tax. While this doesn’t seem like a lot of money, investors should expect him to run for $810.50, especially considering his $50 bet to win with his 15-1 Mage win will give him $810.50. You make a profit on every race you run, and you will likely receive a portion of the winnings. Multi-million dollar breeding contracts. They also have the opportunity to get behind-the-scenes access to horses and their training plans, as well as participate in training and racing.
Doc Stator and Chamberlin grew up in Kalamazoo, Michigan and attended Western Michigan University. Doc Stator, who now lives in Los Angeles, went to an auto auction and noticed a company selling car stock. He was intrigued by the idea and started thinking about ways to improve the concept. Then he went to the Santa Anita racetrack. A few days later, he pitched the idea to his old friend Chamberlin, who had been riding horses for the rest of his life and had moved to Lexington, Kentucky and started dabbling in horse racing.
“We used to think of horse racing spectators as kind of targets,” said Docstater, 40. “You have the core audience in the middle. There are people who haven’t seen it, to the track.When you put those two outer rings together, if you can convert even 5-10 percent of them, it’s a game-changer for horse racing.”
Docstater and Chamberlin will launch the app in early 2021, partner with Winstar Farms by the summer, and launch a $12 million Dubai World Cup-winning country glamor stock offering in 2022. rice field. The companies also partner with top pedigree agencies. , this is how they connected with his Restrepo and got Mage’s share.
About 80 of the 382 who invested in mages through the Commonwealth participated in the derby. And that group crucible sent the mages straight to the Winners’ Circle on the first Saturday in May, leading to perhaps the biggest Winners’ Circle party in Derby history—even the mages looked small in the middle.
“This is one of those weird things that I don’t like to talk about too much because I don’t want to create a jinx for myself or anyone else. But we tell people, if we win, just go away.” ‘I did,’ said Chamberlin, 32. “You’re wearing a federal pin, aren’t you? Nobody’s going to stop you.”
One Commonwealth investor was Norma Burns Euresti, from Battle Creek, Michigan. When her wheelchair got stuck on the track, Gerardo Corrales and Jose Ortiz, fresh off her Derby, carried her to the end.
“Today I had no legs, but I got to ride a horse of a lifetime,” he told NBC of the jockey’s kindness and, of course, Triple Crown contender Mage.
Docstater and Chamberlin’s experience in the winner’s circle made the day unforgettable. About 100 investors are expected to participate in Preakness.
“I’ll never forget when I stood there and saw the mages start working over there and everyone was like, ‘Hey, stand here to take a picture. And out of the corner of my eye, I saw this crowd of people, ‘all wearing magician hats,’ said Dr. Docstater. “It was a surprise to me. It was just such a moment for us. I will cherish that photo for the rest of my life. “
Mr Chamberlin said: “Honestly looking back, I saw the $50 shareholder somehow get the trophy and see another woman walk away with the rose. It felt like a pretty sacred place. do.”
Gordon Chamberlin, the 89-year-old grandfather of Mage’s oldest investor, Chamberlin, will be in attendance on Saturday. He watched the Derby in Michigan with Chamberlin’s father, Mike (also an investor), and they both sobbed when Mage won. At that moment, Mr. and Mrs. Chamberlin knew they needed to be in Preakness.
And this time, there was one thing that was different. That means the unlikely owners will all sit together on the infield’s grass-side terrace, ensuring a clear path to the winner’s circle.