What is the Smallest Self-Funded Search "Worth" Doing?

April 23, 2021
by a searcher from Indiana University, Bloomington/Indianapolis - Kelley School of Business in Indianapolis, IN, USA
April 23, 2021
by a searcher from Indiana University, Bloomington/Indianapolis - Kelley School of Business in Indianapolis, IN, USA
from Southern Methodist University in Dallas, TX, USA
from University of Iowa in Chicago, IL, USA
As a rule of thumb, anything under $250-$300K is going to be very tough to pull off financially in my personal experience of looking at such deals (assuming 10% down on SBA. Minimal to no outside equity). $400-$500K definitely doable with minimal family / financial obligations. But as James said. I think $750K - $1MM is a solid sweet spot to account for likely lower-than-actual SDE that diligence will uncover anyway. Gives yourself some breathing room to earn a healthy salary right from the get-go. However, as Will alludes to, the real dollars are in the equity upside not the initial comp...Hope this helps!