suggestions for searchers who work full time
September 04, 2023
by a searcher from University of California, Riverside in Rancho Cucamonga, CA, USA
greetings all, I wanted to ask about searcher's experience when it comes to working full time and trying to do a search. is it even possible? secondly, I see a lot of postings for internship or positions. i have thought about it but it is very difficult to justify giving up an 80k plus corporate job for short-term parttime experience working with another search fund. any other suggestions?
in Nynäshamn, Sweden
There are different schools of though on this. I firmly fall into the first camp of do not quit your day job, because getting deals and capital always takes longer than you think it seems. What do you do for example if you have done all the preparation and then the bank or whomever you are negotiating to get capital from has an extra suprise process or background check that will take 2 weeks and rent is next week? It is not worth risking your finacial reputation jepordizing all future deals because you took the risk and defaulted on some payment or got evicted because you failed to make rent. Hence keep your job and reduce your expenses, finacial and time-related.
The other camp of going all in and quiting your job has its merits and I guess some people get really creative and productive when it is do or die time (while others just freeze up and fail).
It is a matter of what kind if person you are. Think back to previous situations of stress and if you are certain it brings out your most productive self (because it is more enjoyable to work on the project of your choice than a dayjob) go for it. Otherwise no because the risks of defaulting and ruining your financial reputation which is what you trade on.
Hope that helps.
Cheers!
from Erasmus University Rotterdam in New York, NY, USA