Biggest mistakes to avoid as a self-funded searcher?

by a searcher from Massachusetts Institute of Technology - MIT Sloan School of Management

1 year ago

Dear searchfunders, 

I am in the process of starting a self-funded search this summer in Texas. 

Question:  What are the most common and/or biggest mistakes that most self-funded searchers tend to make?

I would like to get your thoughts and insights as I finalize my project plan and setup. 

Thank you in advance & gracias,

3 likes
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17 comments

searcher from Harvard University - Harvard Business School

Thinking that the only way to fund a deal is through bank debt, equity from investors (and yourself), and seller financing. There are so many additional ways to fund the deal that most self-funded searchers don’t know about.

10 months ago | like reply | 0 likes

searcher from University of Southern California

Get your personal balance sheet organized and ready to present. Know exactly what you're looking for and what you can pay (talk to banks early). Say "no" fast--get rid of distractions, you don't have time. You'll be told "no" a lot, consider that a win and move on. Look at tons of deals and if you like a deal pull the trigger fast on an LOI.

1 year ago | like reply | 3 likes

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