1 What is the cost for the searcher to work and benefit from all the services offered by a Search Fund Accelerator in order to launch its own fund? I don’t understand, how those###-###-#### $ (amount estimated by a study conducted by The University of Chicago), that in a traditional model the investors provide to the searcher to launch his fund and start the search phase are paid when the searcher works with an Accelerator.

2 About the necessary capital to complete the company’s acquisition, does the Accelerator provide all the capital or does it finance only a part of it (25%?, 35%?, 50%?, 70%?...) ? In a situation when the Accelerator does not finance the entire amount of the capital, is it a duty of the searcher to find other investors or is it a service provided by the Accelerator?

3 How are exit plans from the acquired company usually organised for the Accelerator? Are the remuneration mechanism of the accelerators fixed, variable o or of other type? Are there any disinvestment incentive mechanism?

4 Are there stock option plans for the searcher to enter in the company’s equity or he/she will only be the company’s CEO?