$15K Wasted on a Lie

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 2 flexible membership options.

Basic

$4 / month

Professional

$19 / month

Jobs are always free to browse. We're not in the business of charging students looking for internship opportunities.

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 professional from Harvard University - Harvard Business School
in Atlanta, GA, USA

5mos ago

$15K Wasted on a Lie

►EXECUTIVE SUMMARY 1) THEY GAVE ME A FORECAST AND CALLED IT "HISTORICAL FINANCIALS": Broker handed over a "QuickBooks export" that didn't look, feel, or smell like QuickBooks. It was a forecast built by an analyst on a laptop. Three weeks and $15K of QoE work — all done on fiction. 2) THE BROKER LIED FOR THREE WEEKS, THEN SENT A "WHOOPS" EMAIL: When I caught it, the broker couldn't get me on the phone with the analyst. Then suddenly — copied my client — "Oh sorry, those were the forecasts, not the historicals." Three-quarters of $20K in QoE fees, burned. 3) IF THE FILE DOESN'T LOOK LIKE THE SYSTEM IT CAME FROM, IT DIDN'T: QuickBooks has a look. Sage has a look. An analyst's Excel artistry has a look. If you don't know the difference, you'll eat a $15K lesson. And the broker will shrug.

0 Likes

1 View