May 16, 2023

Take Five #053: What you missed about the Stanford Search Fund Study, and more

Take Five #053: What you missed about the Stanford Search Fund Study, and more

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Take Five #053: What you missed about the Stanford Search Fund Study, and more

1. The Most Important Number in Search Fund Investing?

How to assess a search fund deal in less than 5 minutes…

"Once you know the different components of investor returns, you can tailor your pitch to maximize your desired outcome. If you think you have a home run on your hands, offer more preferred return and try to maximize your equity. If you want to be more conservative, offer lower preferred returns but higher equity. If you think you’re paying below market, make sure to outline why that’s the case and that you should get more sweat equity for finding the deal."

Read more on Substack here

2. Learnings from a searcher’s first acquisition

“After about six months of searching and six months of diligence/closing, my partner and I closed our first self-funded search deal. I’m happy to answer questions in the comments, but for those of you who are just starting, I thought it might be helpful to just share some of the things I didn’t realize going into this..”

Read the post on Searchfunder here.

3. What you might’ve missed in the Stanford Search Fund Study…

4. Takeaways from the Enduring Ventures Shareholder Summit in Miami

5. What to do when the broker on a deal you’re looking at stops responding..

Loved what you read? Subscribe to Take Five to get our top quick reads every week from the team at Kumo. Kumo aggregates thousands of sources into one easy-to-use platform so that you can spend less time sourcing, and more time closing deals.