Raising Capital for Regionally-Focused Search

searcher profile

October 12, 2019

by a searcher from Harvard University - Harvard Business School in Los Angeles, CA, USA

Hi all - current HBS student here weighing searching as a possible post-MBA path. I'll likely be regionally constrained searcher (southern California) due to family restrictions and have been advised that may also restrict me to self-funding my search as investors will balk at backing a restricted search. If true, that fact would further restrict the search (~1M EBIDTA and below if I have to self-fund).

Does anyone have experience raising for a regionally restricted search? Any positive or negative experiences, advice or tactics would be greatly appreciated.

Looking forward to learning from this community.

-Tom

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commentor profile
Reply by a searcher
from IE Business School in Vero Beach, FL, USA
I tried kicking off a traditional search capital raise with a “regionally preferenced” search and still encountered a bit of resistance. It can be done, but it’s going to take a lot of time and patience to find investors willing to back that strategy. I’d second Dan’s advice and go SBA route if you’re really that limited geographically.
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Reply by a searcher
from IESE Business School in Los Angeles, CA, USA
Hi Tom - Am happy to chat if you have any questions about searching in So Cal. Am a self-funded searcher focused on Southern California (so don't have experience raising money for the search, but happy to share my insight on So Cal/self-funded searching)
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