I’m at the beginning of the process for my self-funded search, targeting businesses with $750k-$2M EBITDA, and anticipate needing some investors to put in ~10% of the deal. Are there any suggestions or tips on how to cultivate investors, from the initial stages of the search before you find a deal, through the LOI? What are key points to communicate (especially pre-LOI), and how to keep them warm so they are primed when you have the LOI ready? I’ve never raised money before, looking for any perspective.
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Searchfunder is an online community and toolkit for searchfunds. Over 80% of those involved in searchfunds maintain a Searchfunder.com account to help them network, problem solve challenges, and keep up with the industry.
We maintain partnerships with database providers that make searching more effective, efficient and affordable along with features that help searchers find deals and investors and vice versa.
We maintain partnerships with database providers that make searching more effective, efficient and affordable along with features that help searchers find deals and investors and vice versa.
2. Digital - Follow/engage on Twitter (X) to build relationships, a huge ecosystem there
3. Build up your potential outreach/investor list but don't reach out yet. Most prefer you reach out once you have a signed LOI
Worry less about finding investors/$, find a good deal, structure it with market terms, and the money follows!