I’m sure the right answer here is “it depends” on industry, searcher background, investor profiles, etc. But in general, where do you think the average searcher should look in terms of earnings range? Is it $200k-750k? $750k-$1.5M? $1.5M-5M? Something else entirely?

What did you consider in formulating your answer? I think relevant factors include valuation/multiples, buyer competition, fragility, growth potential, likely number of employees, size of opportunity set, and expected time to close on a transaction. Any others?