Raising funds while employed full time?

searcher profile

December 09, 2024

by a searcher from Ivey Business School at Western University in Toronto, ON, Canada

Hi All,

Had a question for both searchers and investors. Are there any issues with fund raising for a traditional search while employed? I am in a post MBA role and looking to raise funds shortly for a traditional partnered search. My partner is currently interning at a search fund.

I understand that commitment to the path is important to investors. I am planning to resign upon either completing the raise, or reaching 'critical mass' on the raise (which I interpret to be about 60-70% of the funds having been raised). I am not sure if working while raising (which obviously is not guaranteed to happen) is a negative signal to investors. Obviously, I will not be working another job while searching.

Would love to hear your thoughts. Thank you.

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commentor profile
Reply by a searcher
from Boston University in Melbourne VIC, Australia
It is absolutely feasible! I can't imagine there would be any issues with your employer as long as you're delivering your work and not raising on their time. Set clear boundaries for yourself.

I think the bigger challenge is balancing time and priorities. You need to maintain a disciplined and organised routine.
I have just spent the last 6 months balancing FT work, a raise and two kids. I call it 'search with a weight vest '. If I can do this I know I can do a search and I wouldn't want it and other way.
If you really want it, you'll find a way to make it happen!
commentor profile
Reply by a searcher
in Phoenix, AZ, USA
I don’t see an issue with working while raising so long as you can clearly articulate your goals and timelines and stick to them. Their investments may be contingent upon you stepping away to focus on the search full time, which it sounds like you’re prepared to do.
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