This venture-backed startup has quietly bought more than 80 mom-and-pop shops

Teamshares is a low-flying, Brooklyn-based startup with big ambitions to capitalize on an opportunity in plain sight: that of small businesses without a succession plan.
It’s not a small market. According to the U.S. Small Business Administration, small businesses represent 99.7% of U.S. employer firms and 64% of private-sector jobs. Meanwhile, just 15% or so of small business owners pass along their company to a family member, with many others simply closing up shop at some point.
With an aging population in the U.S., Teamshares is betting this market will grow even bigger, which is why

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