Search funds in emerging economies

Hi guys, thanks very much for your comments and sorry for the delayed response as I was not able to view your comments before! I will definitely take each of your suggestions and incorporate it to our efforts. We started our fundraising in June and feel we are advancing at a good pace, although most of what Amine, Jan, Carlos and Jorge say is true about the market size, about local investors not being familiar with the model, about the informality and culture in latam countries being another challenge to add to the model and about some international investors not being familiar with the macroeconomic and political context which makes some of them not being comfortable. While all of that is true, we have used each of the interactions we have with investors, river guides and CEOs to make our pitch stronger and "Colombianize" the model We feel there are great opportunities from this informality.as it will make our work as searchers more valuable! We are very much open to share our experience if it helps for any of you. Best wishes

Hi Rafael, I knew about Search Funder because I assisted to a conference in Bogotá about The Growth of Entrepreneurship through Acquisition, given by the professor Newton Campos. Mr. Campos explained the entrepreneurial process and the importance of innovation within. My point of view is that new Search Funds in Colombia will have to innovate specially by identifying new markets. Middle market and family business concentrate most of the attention however, given my experience as a searcher for a global startup ecosystem map such StartupBlink, I consider that there are validated and scalable business models that we can identify and find an entrepreneur who wants to buy its knowhow and run the business in the market he/she knows due to his/her experience and knowledge.