Traditional Search EIR Model Vs. Syndicated Cap Table

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 University of Southern California - Marshall School of Business
in Irvine, CA, USA

4mos ago

Traditional Search EIR Model Vs. Syndicated Cap Table

Has anyone consciously made the decision to construct a search cap table with either 100% or majority funded from a single investor vs. several more evenly distributed investors? If so, what swung you in one direction or the other and what did you see as the biggest pros and cons to each?

1 Like

146 Views

reply by an investor 4mos ago
from McGill University in San Diego, CA, USA

Thanks for the tag ^redacted‌. I obviously have a biased take. So, let me point you towards AJ Wasserstein's notes on the subject. He has written about this extensively and talks about the pros and cons of each of the search fund models pretty objectively. (redacted.

reply by an intermediary 4mos ago
from The University of Chicago in Chicago, IL, USA

1) Fewer the # of investors, the better it is for operating searcher. 2) In self-funded search, the deal often falls apart when seller finds out that operating searcher has no/low skin in the game. To them, PG by searcher for no/low equity is further proof for lack of ability to manage volatility. 3) Sellers do not like too many decision makers in the capital stack.