This idea is potentially so terrible I almost feel bad for the founders -- if it also wasn't scummy. The crux of their problem is that these businesses have a v

This idea is potentially so terrible I almost feel bad for the founders -- if it also wasn't scummy. The crux of their problem is that these businesses have a very finite lifetime regardless of the succession plan. The succession plan is completely secondary, the bigger question is the viability of the business plan, which for many small businesses, is not robust. TeamShares is merely acquiring customers until they abandon after the business plan is replaced and changes the quality or price of service. Of course business owners who are selling to them are happy because they can buy their business back for less when TeamShares goes tits up. TeamShares is probably going to find this scheme will only work if the businesses being acquired are very homogeneous. Trying to scale something which inherently cannot or should not scale is kinda silly.