One of the main components pertaining to our venture that has been at the forefront of my thoughts since we began is how to make sure what we built continues and just as paramount, a way of securing everyone’s investments in the case that I am rendered immobile. So this blog post is all about what we have in place in the event.
My sincere apologies for not writing about this sooner, especially after several months back when I shared about the health issues I face and I want you to know that this was purely because of the many hats that I wear and before having assistants there really wasn’t enough hours in a day to fill all that I wished to accomplish. 🙁
The continuance of our venture has two parts; the betting program and the database that feeds the information in order for us to know which runners to bet. Along with these essentials are what keeps things moving so the following addresses each.
The Betting Program
Zen Racing Stats LLC owns the betting program, however Zen does not own the database, a crucial part that without we would not be able to keep going. And this database must be constantly maintained; daily updates, daily cleaning meaning making sure everything’s lines up and even though this may not sound like a massive task, it is! Because if names do not match up; as an example jockey Joel Rosario is entered in our database as J. Rosario, J Rosario (without the period), Rosario, Joel, Rosario, J, ectara, and the same aliasing applies for owners, and trainers, the stats would be off and since we’re betting money, we have to rely on the accuracy of the output in our data. Without this, we would not have success. And since a clean maintained database is imperative to our success, this maintenance is included in our monthly operating expense minus the cost of the monthly data feed until we get to the point of paying dividends regularly.
The database is owned by my other company equi-stats and my partners of which one is our head developer who happens to be the reason why the team of developers have let us run a balance for their work and equi-stats owns 60% of Zen Racing which is the reason why we only offered 40 total buy in shares for Zen.
equi-stats has additional silent partners of which some have elected to convert all their shares to Zen while others have both and two partners in particular invest in horse racing bets. These two individuals are my back up bettors. They know everything about our program as we move along which includes what to look for during each stage of development and what to bet. Keep in mind that we will be evolving for quite awhile and once we got to the point where I’ve proven to myself by making bets that we can consistently profit 20%, I knew it was not only time to get Zen Racing properly funded, while waiting it’s also time for me to experiment which is why you’ll see the profit numbers fluctuate from week to week. I plan to get into more details regarding this in a later post though wanted to mention in case you’re following our progress, that this is expected and not a issue with the program.
The horse racing database that equi-stats owns is priceless. There are very few who own one so our first order of protecting everyone’s investment and ensuring our venture continues in case of my passing is each investor in Zen will be given 1 share of equi-stats and as long as you own a share in Zen you will own that share in equi-stats. Should this come to be and you decide to sell back your share in Zen, you would also be selling back your one share in equi-stats and to further assure I want you to know that all this is written and notarized in my revocable living trust.
Why we Purposely Held back 4 and 1/2 shares
We had more people who wanted to buy in than the number of shares offered when we were initially putting all this together, however, the reason I kept back the 4 and 1/2 shares was it soon became apparent that the cost to pull all this together was far greater than what we set the initial buy in investment for. Yet in order to get things in motion, the buy in had to be obtainable. And understanding that once we were moving that eventually we’d get to the point where our program was useable, meaning we could bet and in a short time prove profitable, that the per share buy in value could very well be off the scale. So once we reached this proven milestone as we’ve been consistently profitable since December when Benter’s algorithms were added to Ed’s, I knew it was time for Zen Racing Stats LLC to be properly funded and the time came to open up these remaining shares.
And since our venture has always been about all of us and sharing what we built together and not about making a profit from building such, I’ve set the buy in for these shares for the amount that we actually require verses an astronomical amount just because we could. Even though filling these shares for a much less amount than we could ask will probably take as long as it would take by asking for more, it opens the door to investors that we’d want to have in our venture verses potential investors who have a lot of money that believe their investment entitles them to more which is not someone we want in.
And the reason I’ve chosen at this time to sporadically bet is because opening up these shares requires my full attention. A lot of correspondence and presenting what we have. There’s plenty of opportunities waiting for us to capitalize on though wouldn’t it be a better place for us all if when I am betting that we’re at the point of self sufficiency and paying all of us dividends. We just had to get things rolling first. And though it’s taken time to get here, what we’ve accomplished required a massive undertaking and we did it. We’re here and we accomplished all this together.
It wasn’t until recent that I realized that when I shared the things that I face regarding my health that it would have been the right time to share the steps we’ve taken that are already in place to protect everyone’s investment.
Which brings me to another personal story that I wish to share.
My mother raised my three brothers and me to always put our best forward no matter what we face. So if we were going through a personal hardship, that it is just this, personal and not for anyone else to concern themselves with. And by doing so this gave us strength to keep moving. To do whatever it takes to get yourself to a place where you can keep going and this is me. This is what I do every day and plan to do till I’m rendered immobile or till it’s my time to go and my brothers are the same way.
I can say this because two and a half years ago my brother Steve was diagnosed with Stage 4 cancer and was told he had around 6 months to live. His life has not been easy since. He’s had brain surgery of which he actually recovered from in one day and came home the day after. He chose to treat with immuno-therapy, and experienced a great deal of side effects that included days of non stop coughing, passing out without warning, not being able to eat, and on and on. And not only is he still going, he’s still going strong and he and my niece were the ones who just came to see me a few weeks ago. And this was at a time when I really needed his company more than any other due to the recent loss of my two kitties. This was because Steve and Ed were good friends way before Ed came into my life. Steve is the person who I met Ed through. And because of covid, I haven’t seen anyone in my family since Ed passed and when the time came where they could visit, there was no one that I wanted to see more than Steve. So if my brother can overcome stage 4 cancer and keep going strong, there is no reason I can’t keep going strong too. Haven’t been stopped yet and that alone says a lot because it’s been since 2011 when I was diagnosed.
I didn’t keep going to let all the good that’s coming our way happen without me. I’m along for the ride too and plan to enjoy fully with you. What we’ve built together is truly amazing and we’re at the place where we’re ready to sail once properly funded. Though just in case, I want you to know the steps we’ve taken and the provisions that we have in place.