Do any self-funded searches have a perspective on when is the best time to raise equity? I've been thinking of getting a deal under LOI and then going to market to raise the capital. But often bankers are asking about my sources of capital when I'm trying to enter a process for a $2m+ EBITDA business. Having the commitment upfront would certainly help with credibility and at times seems to be a gating item to enter the process. Would love to hear your thoughts and would also love to connect with any investors.

Thanks!