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Search Funds: August 2011

http://searchfunds.iannieboer.com/2011_08_01_archive.html

Lessons learned from talking with investors and entrepreneurs involved with Search Funds. What are Search Funds? Friday, August 12, 2011. How do you get paid? Without question, the potential to earn a substantial portion of the acquired company’s equity makes Search Funds very attractive. However, potential Searchers should note three important effects of the Search Fund structure. Investor capital is senior to common equity. Search capital is diluting to your equity position. Subscribe to: Posts (Atom).

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Search Funds: Choose your investors wisely

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Lessons learned from talking with investors and entrepreneurs involved with Search Funds. What are Search Funds? Sunday, July 24, 2011. Choose your investors wisely. Search Funds have typically been funded by wealthy individual investors who are capable of taking a portfolio approach to this type of investment. However, a more important questions is, “Who is a good investor for my Search Fund? Investors who know the Searcher personally. Experienced Search Fund Investors. These investors have access to la...

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Search Funds: What is the downside?

http://searchfunds.iannieboer.com/2011/09/what-is-downside.html

Lessons learned from talking with investors and entrepreneurs involved with Search Funds. What are Search Funds? Monday, September 5, 2011. What is the downside? A Search Fund is a risky undertaking. As an entrepreneur the downside is split between the financial performance of the Search Fund, the opportunity cost of pursuing a Search Fund, and reputational risk. The Reputational Risk of a Search FundA Search Fund is an incredible opportunity to make or damage your reputation. A well executed and fin...

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Search Funds: Links & Resources

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Lessons learned from talking with investors and entrepreneurs involved with Search Funds. What are Search Funds? STANFORD CENTER FOR ENTREPRENEURIAL STUDIES. Http:/ www.gsb.stanford.edu/ces/resources/search funds.html. Stanford is the equivalent of Mecca for Search Funds. In particular, their bi-annual study of Search Funds and Search Fund Primer. Are excellent resources to start the learning process. EUROPEAN SEARCH FUND ASSOCIATION. BABSON COLLEGE - SEARCH FUND NOTE. Http:/ www.searchfunds.net/. The pa...

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Search Funds: Raising money will be difficult. It should be.

http://searchfunds.iannieboer.com/2011/07/raising-money-will-be-difficult-it.html

Lessons learned from talking with investors and entrepreneurs involved with Search Funds. What are Search Funds? Wednesday, July 6, 2011. Raising money will be difficult. It should be. It is important to recognise that the experience each Searcher has with this process varies dramatically. This is particularly true if you are planning on operating outside the US. From my conversations with current and past non-US Searchers, here are a few points to consider:. Subscribe to: Post Comments (Atom). For the l...

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Search Funds: How do you get paid?

http://searchfunds.iannieboer.com/2011/08/how-do-you-get-paid.html

Lessons learned from talking with investors and entrepreneurs involved with Search Funds. What are Search Funds? Friday, August 12, 2011. How do you get paid? Without question, the potential to earn a substantial portion of the acquired company’s equity makes Search Funds very attractive. However, potential Searchers should note three important effects of the Search Fund structure. Investor capital is senior to common equity. Search capital is diluting to your equity position. Return to IanNieboer.com.

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Search Funds: July 2011

http://searchfunds.iannieboer.com/2011_07_01_archive.html

Lessons learned from talking with investors and entrepreneurs involved with Search Funds. What are Search Funds? Wednesday, July 27, 2011. How are Search Funds different from Private Equity and Venture Capital? Search Funds look to acquire a controlling interest in a healthy company. Search Funds typically target smaller businesses than traditional private equity funds. Sunday, July 24, 2011. Getting a lot done on very little cash. And is common for many early stage companies). A few examples include:.

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Search Funds: September 2011

http://searchfunds.iannieboer.com/2011_09_01_archive.html

Lessons learned from talking with investors and entrepreneurs involved with Search Funds. What are Search Funds? Tuesday, September 6, 2011. The Search Fund Fallacy. Two examples highlight this point. Consider a Search Fund that does not acquire a company, but instead identifies an excellent opportunity to start a new venture. The investors agree to back the new venture and a successful business results. Is this a Search Fund? How can this be reconciled? An investment vehicle that finances an entrepreneu...

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Search Funds: Why would an investor sponsor me to find a company to buy and run?

http://searchfunds.iannieboer.com/2011/04/this-was-first-question-i-asked-myself.html

Lessons learned from talking with investors and entrepreneurs involved with Search Funds. What are Search Funds? Thursday, April 14, 2011. Why would an investor sponsor me to find a company to buy and run? However, it is important to realize that these are AVERAGE returns and individual returns vary widely. As a consequence, those investors who like this model tend to invest in a portfolio of Search Funds, a tendency that explains why the same investors keep showing up in fund after fund. Second, investm...