Clearly upset, the 51-year-old entrepreneur said that his group would not give up the fight.
"It was the most exciting thing in my life", says the entrepreneur.
Other entrepreneurs said they also were confident about their prospects.
The new entrepreneurs can say "cash flow," but don't necessarily know what it means.
The two entrepreneurs said they were determined to modernize the 166-year-old company.
The Internet will also widen opportunities for those making art, these entrepreneurs say.
This time around, entrepreneurs say they are not expecting such quick returns.
Other entrepreneurs say they saw that tunnel light several years ago.
"If I make any money, that means the churches will be making a lot more," the 40-year-old entrepreneur said.
Other entrepreneurs say capital is still available, but with a trade-off.