Searching while keeping corporate job

searcher profile

December 26, 2024

by a searcher from University of Pennsylvania - Philadelphia in Toronto, ON, Canada

Anyone here has experience searching while keeping their day job? How did you navigate the seller and investor landscape?

2
19
181
Replies
19
commentor profile
Reply by a searcher
from Cardiff University in Bridgwater, UK
Self-funded, it should. be possible (though tricky). Search fund, I don't think this is possible. If attempting this self-funded, think about the flexibility of your corporate job - you will need to be able to move fast and be reactive once progressing a deal from LOI. Time kills deals and the time invested in searching alongside the day job could be wasted if something you have secured later slips through the net as you just can't keep the deal moving at sufficient pace. Or, worse still, you don't have time to carry out DD thoroughly but complete the deal anyway.
commentor profile
Reply by a searcher
from University at Buffalo, State University of New York in Herndon, VA 20170, USA
I searched while keeping full-time consulting work. Since I'm doing self-funded I was able to work at my own pace. Took me about 14-weeks (Sept-01 to Dec-15) to get a signed LOI on decent business. Evenings, weekends, free-time at work, and occasional time-off to meet with Sellers. This should also be doable with equity-only investors, but will be very difficult with full-on traditional search.
commentor profile
+17 more replies.
Join the discussion