My partnership with Rainwater only lasted about 6 months or so. I was busy building Exotic Pets, and had no time for a wholesale business that he proposed. But he kept on and on, and finally I agreed to go in with him on the project. He was to run the day to day operations, I would use my contacts to get stock and customers. He drew a salary every week, I took my meager share in animals for my store. We needed some working capital, so I had my best friend invest about $15,000 into the project. We quickly aquired the entire Petsmart account, and literally supplied every herp to every Petsmart in the country. Animals were rolling in and out fast, on a daily basis. I sent some of my key staff from my store to work with Tim to run the place. The place just fell apart. Tim ran us in debt like there was no tomorrow. Checks were bounced, suppliers were stiffed, and the quality of animals went down hill. I was still busy with my own business, and had little time to check on the day to day business of Glitter Gultch Herps. Tim resented the fact that I had no time to help him, but he knew that going into the business arrangement. Eventually he accused me of taking more out of the business then I deserved. Keep in mind, I took only animals, and kept track of every penny. Anyway, Tim and I finally got fed up with each others way of doing business and Tim requested that I leave. I had no problem with that at all. However, I had a funny feeling about things, so I had a look around one night. He had already changed the locks (I was still his partner), and had all his business dealings on a computer that he knew I did not know how to operate. So, I got a locksmith to open the door, and had a computer expert open all the files. Turns out that he had been ripping me off from day one, for a total of about $10,000. The trick was an easy one. He would buy from, let's say LA Reptile. He would order a bunch of stuff for the business, and a few things for himself. Savu pythons for $600 each, a bunch of them, and other animals. These he would take home, and sell them from there under the name Rainwater Reptiles. We had both signed a non-competion agreement when we became parteners, and yet almost right off he started cheating on me. Needless to say, I took offense to this. I eventually gave him two choices, buy me out, or take a walk. There was a third choice, and that was to be arrested on the spot. He chose to buy me out, and I took all my share in animals over time. That's the story of my partnership with Tim.
Tad, I found about the death of the gecko from the same co-worker/former partner of Tims that you mentioned. I always have had respect for him, and I would never blame him for Tims offenses. I am sorry to hear he lost so much money. All I can say is this: stay away from Rainwater. Don't give him money, do not sell him anything without being paid up front, and, just to clarify, the best business partner is yourself. Being solo is the only way to go.