Full-Time vs. Part-Time Search: My First LOI Just 21 Days Into My Full-Time Search
September 02, 2025
by a searcher from Harvard University - Harvard Business School in Highland, UT, USA
I just submitted my first LOI on Labor Day, and while I'm hoping it's the only one I'll need, this milestone has me reflecting on a common dilemma for self-funded searchers: Is it better to search full-time or part-time?
The numbers from my own experience tell a compelling story about efficiency.
My Part-Time Search (1 year): While at my full-time W2 job, I reviewed roughly 300 companies and requested 24 CIMs over the course of a year. I got close to an LOI on one company, but the deal ultimately fell through.
My Full-Time Search (2.5 weeks): In the past 21 days of searching full-time, I've already reviewed 150 companies, requested 12 CIMs, conducted a site visit, and submitted my first LOI.
The flexibility to move quickly has been a game-changer. I don't have to navigate around a W2 work schedule, which has allowed me to act on opportunities as they arise. And, if I'm honest, having that "fire under me" to get things moving has been a powerful motivator.
While the opportunity cost of giving up my W2 income was a significant consideration, the potential to find and acquire a company much more quickly has so far tipped the scales for me.
That said, I don't think a full-time search is for everyone. As someone who is a bit further along in my career, I was able to fund this search. If I were earlier on with four small kids, I might have opted to keep my search to a part-time basis.
What's been your experience? For those of you who have searched both part-time and full-time, what were your key takeaways?
from California State Polytechnic University in Pomona, CA, USA
from Instituto Tecnológico y de Estudios Superiores de Monterrey (ITESM) in Monterrey, Nuevo Leon, Mexico