Hi All,

I have previously done a self-funded search and successfully closed a buy-in. I am looking to learn how a searchfund works as I am incubating a few ventures and being requested to support some searches. Appreciate any sources or tips. Some questions on my mind.

1. What all the fund covers in terms of costs/expenses?

2. What's the typical duration of a searchfund?

3. Is the founder/entrepreneur expected to contribute? How much?

4. Does the founder/entrepreneur draw a salary from the fund? How much?

5. Where can I get any standard termsheet or agreement templates?

6. Any other important things to know?

Thanks all!