Hi all!
I am an absolute beginner to the search space with an unorthodox background. I previously founded, raised outside capital for, and successfully sold a tech startup, but have not come through any MBA program (b-school undergrad). I have kept in good contact with the investors of my startup, and have acquired a couple of other close contacts that I believe would be good to approach about investing in a search fund, but want to make sure I am not approaching them too early.
What materials do I need to have ready before going to my first prospective investor? A firm thesis? Or do investors (particularly those you're already close to) prefer to help guide this? A website? A relationship with an SBA lender?
Basically, how early is too early to start discussions like this, and how long does it realistically take to go from an idea to a funded search? Are there resources I should read that cover these questions?
Absolute beginner resources?
by a searcher from Indiana University, Bloomington/Indianapolis - Kelley School of Business
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Searchfunder is an online community and toolkit for searchfunds. Over 80% of those involved in searchfunds maintain a Searchfunder.com account to help them network, problem solve challenges, and keep up with the industry.
We maintain partnerships with database providers that make searching more effective, efficient and affordable along with features that help searchers find deals and investors and vice versa.
We maintain partnerships with database providers that make searching more effective, efficient and affordable along with features that help searchers find deals and investors and vice versa.
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