Self-Funded Search vs. Traditional Search Funds
Apr 18, 2022•59 min
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Episode description
Lively debate between Greg Geronemus & Robert Graham about the 2 most common models searchers use to acquire a business.
Covered in the debate:
- Quick definitions of each model
- How the economics differ
- Why are traditional search fund terms so fixed?
- CEO vs. Owner
- Accountability, governance, boards, mentoring
- Flexibility & optionality
- Relative risk of both models
- Probability of close
- Probability of success
- Assembling the board as a self-funded searcher
- Is either model preferable for particular industry targets?
- Who is your model not for?
Connect with the debaters on LinkedIn:
Connect with Acquiring Minds:
- Connect with host Will Smith on LinkedIn
- Follow Will on Twitter
Links & mentions:
- Stanford's 2020 Search Fund Study
- Robert's investment firm SIG
- Greg's investment firm Footbridge Partners
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