Hi everyone - prospective searcher here. I'm evaluating the search model in the current market environment and would love some perspective from folks. The question I'm trying to assess is around the current market environment for deals.

It seems that there is a lot more capital chasing deals now than say 2-3 years ago and the impact of this may be that it is either taking longer to find a deal or more searchers are coming up empty handed than the past Stanford study would suggest. What is your perspective on this? Particularly:
1) Is there significantly more competition for deals?
2) What has been the impact on valuations? How much higher are they in general?
3) Are more searchers coming up empty handed than previous Stanford study would suggest? (I'm sure hard to get data here but what are the investors seeing)
4) Is this a good time to start a search?

Appreciate any words of wisdom and advice!