When reviewing your PPM, investors focus on two parts above all else: your background and your industry selections. Prospective searchers often get the latter wrong at first. I certainly did when I first started raising search capital.

Investors want to see you think. They understand that you may not buy in your selected industries, but they also want to understand how you arrived at your choices.

I invite you to learn from my mistakes.

https://www.smeventures.com/insights/how-to-select-industries-for-your-search-fund-ppm