WHY DO SEARCH FUNDS FAIL?
By now many, if not most, of us have read the Stanford Primer on Search Funds. On the second page, it mentions that “More than one in four search funds have not acquired a company despite the principal(s) spending 24 months in this pursuit.” My question is why? Perhaps this is a naïve question because my business partner and I are still in the infancy stages of raising our fund. That said, it seems that with two whole years of research, due diligence, and fundraising, acquiring a company would be more than doable.