What deal criteria should I prioritize?

July 21, 2023

by a searcher from London Business School in Mexico City, CDMX, Mexico

What deal criteria should I prioritize? Smaller deals to increase # of potential LOIs?

Some context/facts:

Started the search full-time in March (5 months ago)
I've signed nearly 50 NDAs, 11 Promising deals, and submitted 2 LOIs
I am not from the US, so the SBA path is complex for me (i.e., I am focusing on deals with $2-5M EBITDA and raising Mezz + Equity from Investors)
I can self-fund until April 2024, so I would have to find, negotiate and sign an LOI by November###-###-#### months from now)

Reply by a searcher
from Harvard University in Texas, USA

I stopped eating, sleeping, walking, drinking, talking when I was at that threshold. Instead I 100x my deal flow. Until my wrist hurt on the computer, my ears rang with phone calls, head buzzed with meetings. But there is an easier way to do it - take a part-time job and manage both, extend your self search longer and do at your own pace and of course then win at the world' own pace.

Reply by a professional
from Northern Arizona University in Tucson, AZ, USA

if November is the end of your runway, 10x your deal flow then

+3 more replies.

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