Most Solo Searchers Never Close. Here’s Why

searcher profile

May 22, 2025

by a searcher from St. Cloud State University - Herberger Business School in Sheridan, WY 82801, USA

Not trying to offend anyone, just being real about what I keep seeing on here. A lot of solo searchers and independent sponsors are trying to do everything by themselves. No team, no backend support, no partner, no platform. Just one person trying to source deals, negotiate, raise capital, run diligence, close, and then somehow operate the business too. I get why people go that route. It feels cleaner because it feels like you keep more of the upside, and you get to say you did it all. But the reality is, doing everything alone usually means you move slower, hit more roadblocks, and increase your chances of never actually closing anything. If someone gives you access to sourcing tools, outreach systems, or even just helps guide you through the process without putting in capital, giving them 3 to 5% non-voting equity is more than fair. You are getting leverage and actual forward momentum without having to build everything from scratch. If they end up funding or stepping in deeper, maybe they get more. That depends on the structure and the situation. But trying to own 100% just for the sake of control when you are not even getting across the finish line is the wrong game. And if you do not already know someone with a platform like that, then build your team. Go post on Wellfound, Upwork, or Indeed. Start talking to people in and outside of your current network, who can help with sourcing, diligence, and operations. You do not need to give up half your deal, but you do need to let go of the idea that you can do it all on your own and still move fast. That is exactly what we did. We built Verdira by pulling in people from different specialties: legal, deal strategy, capital raising, accounting, finance, diligence, automation, AI, sales, marketing. Each person brought a lane the others didn’t and nobody had the full picture alone. But together, we had something strong enough to execute. That is the real power of a team. It's not just about filling skill gaps, it's about having people who will pressure test ideas, call out mistakes, check your blind spots, and make sure you do not spiral or blow up a deal when emotions get high. It also keeps you from second-guessing yourself and gives room to actually operate. And the numbers back this up. Searchers with at least one partner are more likely to close, so if you add a small team with real roles, the chances go up even further. This is not just theory because it's what we are living right now. There's no way in hell I could have done what I've done so far and be as far as we are by myself, if it wasn't for our bad ass team. I would rather own a smaller piece of something real that actually gets done than sit around tweaking a thesis for twelve months and calling that progress. Plus this game is already brutally hard. You've got to deal with seller psychology, compliance, financing, diligence, post-close execution. Going solo does not make you more legit and it just adds friction you do not need. Plugging into a platform does not mean giving up control. It means speeding up the path to actually getting something done. There are people out there who already built the machine and you do not need to start from 0 just to prove you can. If you're early or feeling stuck, zoom out because you might be one strong partnership away from finally getting across the line. We built Verdira as a holding company to acquire and grow real businesses, especially in healthcare. And we are building long-term value for the people who actually show up to put in the work. We don't believe in hoarding opportunity, that's why Regan's economic policy failed everyone and created such wealth inequality, we want to see other operators win too, as long as they are serious. So here is where we are open. If you are someone who wants to source and run your own deal, we will let you use our platform. That includes access to our internal sourcing engine, which is similar to Inven.ai but built in-house and you can use it at no cost. But you still have to do the work. You are the one sending the letters, making the calls, running the follow-up, getting on seller calls, writing LOIs, and figuring out financing. You find the deal, lead it and own it. We'll support you on structure, strategy, and review (like advisors), but it is on you to close. If that sounds like something you are ready to take on, and you are serious about putting in the work, maybe we build something. And let me clear, we are very selective because we protect our name and our relationships. But if it makes sense in our head and we believe in you, we are down to help you make it real. Best, Marcus
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commentor profile
Reply by a searcher
from INSEAD in San Francisco, CA, USA
Hi Marcus, can you link to the study that shows partnered searchers are more likely to close? The latest Stanford study has data on partnered vs. solo traditional searches - and specifically on ROI/IRR - but nothing I could find on likelihood to close. Not saying the data doesn't exist, just that I'm not aware of it. Its also probably worthwhile to distinguish between self-funded and traditional searchers. Beyond that, I'm a bit cautious around the idea that if a partner = good, then a bigger team = better. Having a partner is much different than hiring a service provider. And even then, there's a huge difference between specialists (QoE providers, lawyers - which nearly everyone does) and giving up equity by plugging into a platform. I’ve seen a lot of “picks and shovels” service providers spring up lately and, frankly, most of them don't add value.
commentor profile
Reply by an intermediary
from Istanbul Technical University in Arroyo Grande, CA 93420, USA
+1 about hardship of swiss-army-knife approach
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