Pet food billionaire Clay Mathile's $130 million bet on small business.

Clayton L. Mathile is an entrepreneur who built a billion-dollar fortune in pet food. He sold the Iams Co. to Procter & Gamble ( PG - news - people ) in 1999 for $2.3 billion. Like many of his ilk, he turned his energies to teaching others the craft of entrepreneurship. For the $130 million he's already spent on that goal, Mathile could have simply stuck his name on a new building at Harvard Business School or Wharton and called it a day. Instead, he started a new kind of school for the betterment of the small business owner.
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