Updated: Searching Mid-Career

October 15, 2020
by an investor from Babson College in Boston, MA, USA
I've recently updated my blog post about starting your search mid-career with the latest information.
When to start an EtA (Entrepreneurship through Acquisition) search in your career can be a vexing and very personal question. Should you do it now, or wait? And if you wait, will “life” get in the way? Are you driven by FOMO or concerned about never being able to break away from your career? As with much about search, answering the “when” question is an individual, and often complicated decision. This post is focused on mid-career searchers.
The number of searchers 25 years from now who will have launched a search mid-way through their career will be 2-3 times more than those who launch immediately upon graduation from their MBA program. Almost 40% of these “mid-career” searchers will have had operational backgrounds and another 26% came from consulting, unlike early career searchers who had predominantly PE/IB experience. While researching these “mid-career” searchers they told me the circumstances that triggered their timing, their motivations and the advice they would give to searchers following in their footsteps
You can read more in the blog post. Please let the community know your thoughts and comments below!
https://jimsteinsharpe.com/contemplating/searching-mid-career/
Search On!!!
Jim Sharpe
from Glasgow Caledonian University in Glasgow, UK
For me the “Should you do it now, or wait” has been a key question that I have asked myself countless times over the last 12 years or more. I have always wanted to have a larger percentage of my time and energy on EtA, but the comfort blanket of having a well-paid day job building other people businesses (which I must add I have enjoyed), has kept me from making the leap of faith.
I have only stumbled across the concept of a searchfund in recent weeks and so grateful to you for sharing the additional resources on your website. I will definitely be reading further.
I do see the searchfund being a good way to assist buyers and sellers get deals over the line that might not happen as quickly through traditional financing options.
from Denison University in Boston, MA, USA