The Bullshit of Search Fund & Entrepreneurship through Acquisition

The tragedy of being an Entrepreneur

I asked Myself: “Are You Sure?”. This is the question I asked myself two years ago when I heard about search fund or Entrepreneurship through acquisition.

The shocking thing about a simple question is to start a dialogue with yourself a deep conversation that can clarify, and nourish. But before we dive in my personal tragedy let’s talk about what is a search fund ladies and gentlemen.

A search fund is an investment vehicle, conceived in 1984, through which investors financially support an entrepreneur’s efforts to locate, acquire, manage, and grow a privately held company.

The model offers relatively inexperienced entrepreneurs with limited capital resources a quick path to managing a company in which they have a meaningful ownership position.Since 1996, CES has conducted a series of studies on the performance of search funds . CES has identified and tracked more than 400 search funds raised since 1984 in the United States and Canada.

growing cohort of international funds located throughout western Europe, Latin America, and India are tracked by our counterparts at IESE Business School in Barcelona, Spain. A 2020 CES analysis of 401 qualifying search funds found the…