Traditional Search vs Self-funded question

If you’re doing a search (not traditional), do you still have to parade the around to ie. 10 investors or technically could you just present it to 1-2 to cover the whole acquisition?

I've found that many searchers will take 2-3 years or never acquire a company for this reason (having to parade the deal around to many different investors and then can never get all of them onboard for that particular deal for different reasons). If anyone could share their thoughts regarding this it would be really appreciated