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On his personal motivations and internal drive:
My motivation comes from wanting to control my life and my time.
Don’t get me wrong, I want to make good money and afford my family a pleasant lifestyle. But I’m not looking for absolute dollars earned, I’m looking to optimized for dollars per hour worked, and to have real control of when those hours are worked.
This is a long-term play to build the life I want.
And reflections on whether it’s been worth it:
In PE, while I enjoyed the work & my coworkers, the long-term vision was always more of the same.
I’m happy to work hard at this phase of my life, but now I finally feel like I’m building towards an end that’s worth chasing.
Hopefully you get what I’m trying to say – the grass isn’t greener, and there’s a lot more snakes hiding in the grass, but there’s more potential than ever before.
From “Big Deal Small Business: Is the Grass Greener?” by Guesswork Investing
Another great case study from the folks at Yale, focusing on how sellers can best position themselves:
“Sourcing a transaction amongst a wealth of competition in the market can be very formidable for search fund entrepreneurs. Fortunately, there is a subset of sellers that has unique needs and that has historically struggled to find an adequate solution in the absence of search funds. [...]
A search fund entrepreneur’s deep understanding of a seller’s priorities, as well as their own superpowers, will significantly increase their ability to give a seller exactly what they want and more efficiently create a mutually rewarding situation.”
From “On the Nature of What Business Sellers Are Looking for in a Buyer” by Adam Wilver and A. J. Wasserstein
Wish we could make Steve Ressler’s next happy hour:
Live in the Mid-Atlantic and interested in search? Are your friends/family tired of you talking about the "Red Book", Think Like an Owner podcast, SMB twitter, EBIDTA multiples, & more.
Now you've found your tribe. Whether you are a traditional searcher, self-funded searcher, investor, or just learning about the ETA space, it's time to connect.
Date / Time: Tuesday, June 14th in Washington, DC from 5:30pm - 7:30pm EST
Location: Blackfinn, 1620 I Street, NW, Washington, DC
From the Mid-Atlantic ETA Club’s Mid-Atlantic Searchers Unite
I’m not going to stop posting the best of Clint Fiore’s tweets and I’m not ashamed of it:
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