Search Fund Board of Directors

by a searcher from Keller Graduate School of Management of DeVry University

1 year ago

Hi Searchfunder.com community!

I had an interesting call with a person in the acquisition space and was asked if I had a board of directors helping me with my acquisition plan.  It was a very interesting question, one that I have not received, and thought I would ask the community.  Searchers do you currently have a board of directors for your search entity?  For searchers who have successfully gone through this process, is this something a searcher should have?

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10 comments

searcher from Massachusetts Institute of Technology - MIT Sloan School of Management

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1 year ago | like reply | 0 likes

searcher

Honestly, and I don't mean to be vague here, but it depends on you and your goals. I'll disagree with much of what is posted above for my particular situation: I am *very* interested in surrounding myself with incredible talent in the form of an BoD. I could spend my whole life trying to acquire the knowledge they cumulatively have, and never get close, or, I could engage them as directors, compensate them with equity, and have an enormous (and incentivized) wealth of knowledge, with tons of contacts to draw from, focused on my particular venture, available to me at all times. If you don't know how to do something -- find someone who has been there, and done that 1000 times before, and see if they're interested in adding value as a director in exchange for some equity. Just my 2 cents, but again it depends on you and where you want to go.

1 year ago | like reply | 0 likes

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