Age Constraints for Search - Is there such a thing?

searcher profile

June 03, 2022

by a searcher from Western University in Toronto, ON, Canada

Hi All,

I'm an early 30's prospective searcher who likely wont actually end up acquiring a business until my mid 30's due to some personal and professional constraints at the moment.

Wondering if anyone in the Searchfunder community (particularly self funded searchers) have acquired businesses in their mid 30's?

It seems like they're a skew towards those in their late 20's/early 30's but this might just be my insecurity seeking confirmation bias and would appreciate any insight and objectivity from the community!

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commentor profile
Reply by a searcher
from IESE Business School in London, UK
Studies show median 32 at a search start, so acquisition would be mid-30s for median. I started mine at 37 and think it helps me to connect with business owners as they see someone with close to 20 yrs of experience across industries and geographies.
There should be some maturity as well - not a direct correlation with age, but some.
I would think that self-funded searchers who take it seriously rather older, as you need to spend some time earning your capital.
So you're at your golden age to register at searchfunder and start searching. Good luck!
commentor profile
Reply by a searcher
from Massachusetts Institute of Technology in Madrid, Spain
My feeling prospecting potential investors is that age/experience is a valuable asset. The more experience you have the more valued you will be to investors. Numbers say late 20s and early 30s are the most common age range for searchers.

My particular thought is that older professionals generally have stronger bonds (professional and family ones) which prevent them from pivoting their careers towards this model. Having clear motivation and a backpack full of experiences is more important than age.
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