SELF-FUNDED SEARCH EFFECT ON INVESTOR RELATIONSHIPS
I am considering self-funding my search and reserving investor funds for equity contribution in an acquisition.
Does this method have many use-cases (most literature states that investor money is involved during both steps)? If yes, can you offer one?
What are the other considerations as it pertains to "self-funded search, investor participation in deal" that need to be made outside of timing (needing soft commitments prior to deal) and governance (making good choices in structuring the cap table).