Does anyone have any data about how many SF acquisitions fail?
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by an intermediary
in Campbell, CA, USA
in Campbell, CA, USA
1yr ago
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by a searcher
1yr ago
from The University of Chicago in Chicago, IL, USA
from The University of Chicago in Chicago, IL, USA
^redacted I went to a popular boot camp for SF searchers. 20 attended, and it was a great event. Everyone left pumped to search. Fast forward one year and only 2 closed deals. Maybe 5 others are seriously searching (myself included). But over half quit. This has been typical across many cohorts at this boot camp….
the truth is most self-funded searchers fail, even those who commit full-time. From my experience, the success rate is 1/3.
Many people will disagree or say they “didn’t know how to search”. I think we should acknowledge search is hard, getting harder, and you’ll likely fail.
the truth is most self-funded searchers fail, even those who commit full-time. From my experience, the success rate is 1/3.
Many people will disagree or say they “didn’t know how to search”. I think we should acknowledge search is hard, getting harder, and you’ll likely fail.
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by an intermediary
7mos ago
in Campbell, CA, USA
in Campbell, CA, USA
Just saw your answer a year later. It reminds me of the story of the counselor who tells the engaged couple that more than 50% of marriages fail, then asks them, "What are your odds at a successful marriage?" The answer is always, "100%!" And your information is only about closing deals. I just imagine all of these businesses that are being purchased by buyers who have no experience crashing and burning and all of the people who worked for them being unemployed.
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