Funded Search vs Self Funded for a Non MBA Searcher

I’m a non MBA professional based in British Columbia with several years of leadership and project management experience in the tech/ infrastructure/construction space. I am developing my thesis for a self funded or independent sponsor search focused on Western Canada, and I am also evaluating whether it makes sense to consider a traditional funded search.For investors who fund traditional searches, I am curious about how often you back searchers without an MBA. What qualities such as operational experience, sector knowledge, leadership ability or overall CEO readiness can meaningfully offset not having an MBA?I am trying to understand whether funded search investors use the search period to actively evaluate a searcher’s ability to step into the CEO role, or if in reality it is more likely that someone without an MBA would receive investor support only once a deal is already under LOI rather than at the search stage.I would really appreciate any insight from both investors and searchers who have gone through either path. I am also open to connecting directly. Feel free to message me. Thanks!