Multiple Acquisitions or Absentee business?

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May 17, 2019

by a searcher from University of Pennsylvania - The Wharton School in San Francisco, CA, United States

Has anyone here executed on multiple acquisitions, acquired an absentee business, or a business that doesn't take 100% of their time? 

Anyone on here effectively functioning as an independent sponsor and not a funded or unfunded searcher? 

If so, would love to connect. 

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Reply by a searcher
from Sri Chandrasekharendra Saraswathi Viswa Mahavidyalaya in Hyderabad, Telangana, India
With all due possibilities it will be hard to think that there is such thing as a 100% absentee. I actually support three businesses just as sweat equity holder. But it still ends up consuming some time. The time is relatively few hours a month and has one review meeting every quarter. The only other possibility is investing in Listed companies when there is an IPO and allow it to grow for a###-###-#### year cycle. This is possibly a 100% absentee business.
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Reply by a searcher
in Seattle, WA, USA
Agree with @sriram, there is never 100% absentee, though with good people you can get it down to a few hours a month and even those hours can be remote. Personally, I am operating three businesses fairly easily in this manner, (though of course I do spend more time both improving process and looking for the next acqusition target... :)
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