Intermediaries requiring Proof of Funds from Unfunded Searchers

Member resources:

Frequent asked questions:

What is Searchfunder.com?

Searchfunder.com is an online community of searchers, investors, lenders, brokers and other professionals. Over 80% of those involved in searchfunds maintain a Searchfunder account to help them network, hire, and mentor others.

What are the benefits of membership?

In addition to accessing the most active online network of business buyers, Searchfunder licenses research that is simply not cost effective for individuals. Access over 15,000 industry reports and 50,000 transaction financials. You also get monthly credits for contact information for your company sourcing campaign with the option to purchase more at drastically discounted rates. Searchfunder has pre-purchased access from these data providers in order to empower individual buyers and to help searchers level the playing field versus private equity.

Do you have deals?

While we are primarily a buy-side network, we do have hundreds of brokers that regularly post deals to the community.

Can I find an internship on Searchfunder?

Absolutely! We have the industry's largest intern job board. If you are considering a search, the first step is to help another business buyer so you can hit the ground running.

What does it cost?

Searchfunder is a subscription service. We offer flexible monthly, annual and lifetime memberships.

Monthly

$79 / month

Annual

$19 / month

Lifetime

$432 / once

Those who maintain an account with us for over 4 continuous years are permanently added to the community without the need for a membership.

Do I need an MBA to join?

While a large number of our members come from dedicated programs at Harvard Business School, Stanford GSB, Chicago Booth, and other top programs, searching is no longer reserved for the elite. With the current abundance of dry powder in private equity, and an increasing number of business owners reaching retirement age, good deals rarely go unfunded.

Post a question, deal, job, etc...

Make a post...

Complete registration to post.

by a searcher from Harvard University - Harvard Business School
in Austin, TX, USA

8yrs ago

Intermediaries requiring Proof of Funds from Unfunded Searchers

I'm an unfunded searcher, and about a third of the time I work with an intermediary I have to navigate the Proof of Funds conversation. Currently, this is only time consuming as I'm able to explain my way around it. However, I expect it will be a roadblock at some point in the future and would like documentation of some sort on hand to keep things moving quickly.

Is there a standard document unfunded searchers use for these situations?

Thanks in advance for any ideas/suggestions.

21 Likes

706 Views

reply by a lender 8yrs ago
from Cornell University in Area St, McHenry, IL 60051, USA

Travis - I'd be happy to talk. We're a flexible SBIC Fund that invests a combination of debt and equity in our transactions. We've funded a handful of search deals -- especially searchers who seek flexibility, responsiveness, and an aligned equity partner. I'd be happy to discuss ways we've worked with other searchers in the past to provide support letters for both debt and equity. Send me an email at redacted and we'll connect.

reply by a searcher 8yrs ago
from University of Worcester in United Kingdom

Peter, do you only invest in US-based search funds? I'm based in the UK but have been involved in deals globally (including U.S.) and currently looking at deals in E.U.