The traditional search fund world has the Stanford Study, which is a mature and widely cited data set in search. But self-funded search, which actually represents the vast majority of entrepreneurs who acquire businesses, has had no such study or data set. A big reason for this is that self-funded searchers are not a very well-defined group of people, making them hard to access and survey. They're also fluid: people dip in and out of their searches over months and sometimes years. Well, the investment firm SIG has set out to address this lack of data. They developed a method of identifying self-funded searchers and then surveyed them, hundreds of them. And in today's interview with Robert Graham and Jordan Carter of SIG, we learn what they found out about self-funded search in aggregate. This is an ambitious undertaking, which Robert and Jordan readily acknowledge, and we spend some time at the beginning scrutinizing their methodology. But bringing any visibility to the world of self-funded search should ultimately help you, the acquisition entrepreneur, by arming you with some data to help you cross-check the many decisions you make along your journey to buying a business. I found this data from SIG both just interesting and practical and I think you will too. Here are Robert and Jordan of SIG.