09/13/2010 01:41 pm ET Updated May 25, 2011

Karl Nobert Uses Craigslist To Assemble Virginia Horse-Racing Conglomerate

Nobert, who already owned two horses, knew he wouldn't have enough money to train and board two more. He reached out to friends and family, but only one friend and his parents bought shares in his fledgling group. [...]

So he did what millions do when they want to unload junk or find a job: He put a post on Craigslist.

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