How I hyper-boosted my proprietary deal flow

searcher profile

January 28, 2025

by a searcher from Stockholm School of Economics in Atlanta, GA, USA

I feel I owed it to the Searchfunder community to share a resource I found helpful in my own search process since I have gotten so much out of this community (e.g. friends, learnings, tips for tools, etc).

For reference, I am a self-funded searcher and long-term operator in healthcare looking to acquire a health services company with $2-10MM of EBITDA. My strategy was only about proprietary outreach and I didn’t know how to best do that. I was referred to a specialist who turned out to be amazing and able to follow a disciplined outreach campaign that led to an LOI.

SPECIAL NOTE I am writing this post to recommend a service because I think it is great and the people are super sharp. I am not getting paid to do it. I don’t own any part of his company or get an incentive.
Cemal Koman was a former PE analyst in the Search world, started his own firm (https://searchfundplus.com/), built a proprietary AI tool last year, and has 4-5 analysts working for him now. I hired him on a reasonable retainer paid each month with a standard success fee on a closed deal. He built me a customized, sophisticated campaign where he found the right leads (e.g. thousands), screened them with analysts, reached out to them in a 6-10 email campaign, and queued it up for me to run with it. The process worked.

His tool is awesome. Cemal hasn’t done any marketing but just completed a demo of it here: https://www.loom.com/share/7bdc2af7b5f445eaa177a9106a7b3757?sid=0b59d60d-46b3-4f83-ae08-d0fe7455978a

If you want to use your time as efficiently as you can, I would shoot Cemal an email redacted Hope it helps!

Marc

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Reply by a searcher
from Stockholm School of Economics in Atlanta, GA, USA
No worries then Jason. I know and worked with Cemal and found him great from using him (and not others). He didn't ask for equity. He has a monthly retainer that is below what others were asking for that I comparing who had a team behind them (not solo) and had a standard deal fee.

I am not a AI expert but I hadn't seen any other tools out there for the automation yet that Cemal used. I did not scan every product in dealsourcing but there are some really cool ways we personalized messages and found companies in the first place and then use a heat map to find competitors.

Yes, I did use 2 other firms (that this community knows well) and it wasn't fit. I gave up on each after 3 months. I didn't they cared about my search or made some mistake (sending messages with misspellings, lack of personalization, etc).

This is just my two cents. Take it for what you want. Marc
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Reply by a searcher
from INSEAD in San Francisco, CA, USA
Congrats! Tbh, whenever I see these services pop up but I get a bit skeptical. Usually they ask for (a) a significant % of equity (b) high monthly costs or (c) both. And they ALL use "AI". What makes these guys any different? Did you try proprietary outreach on your own before enlisting their services?
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