I'm trying to gain a better understanding of the potential risks associated with a geographically focused search. I suspect this might make it more difficult in raising the initial search capital (attracting investors, etc.), as well as limiting potential deal flow.
Any insight on this topic from both the Searcher and Investor community would be greatly appreciated - thanks!
Does a geographically focused search hinder the capital raise / deal flow?
by a searcher from Ivey Business School at Western University
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I had planned to look in a larger geography, but have had plenty of deal flow in a city with 300k.
It’s Covid craziness right now, I’m searching in a fairly open city (not locked down), and I haven’t closed a deal, so take all the advice above with a grain of salt!