omaha meets seattle going to mendoza....and Portugal....and i am a total evangelist for Search Funds and entrepreneurship. But above all i am a dad.
seattle and SF
Joined March 2007
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When you manage a multi-billion-dollar fund, placing small amounts of capital in SMBs is too operationally intensive. So massive pools of capital chase the exact same mega-cap buyouts, bidding up multiples. Meanwhile, ETA investors find undiscovered gems on Main Street.
What if the Silver Tsunami is more like a Silver Ripple? The demographic shift is real, but the market dynamics aren't unfolding quite as simply as the headlines suggest. Here's a valuable counterbalance to the conventional wisdom! advisorpedia.com/opinion/the…
The strongest risk-adjusted returns don't come from guessing the next big tech platform. They come from applying leading-edge tech to solid legacy SMBs. In ETA investing, you acquire consistent cash flow at a discount and build upside through operational modernization.
Great experience on Johann Nogueira's podcast talking about bringing AI out of the Fortune 500 boardroom and directly onto Main Street. When you combine proven, cash-flowing SMBs with AI, you unlock incredible opportunities. Explore the topic here: youtube.com/watch?v=3NWR6i0z…
ETA investors as hermit crabs ... who saw that metaphor coming? But I love it, especially since the hermit crab tends to be such a wise investor in mobile housing. Like ETA investors, they look for the perfect preexisting opportunity, and move right in. eliasmanuelmayer.substack.co…
The debate between traditional search funds and self-funded search comes down to a fundamental trade-off: risk, control, and governance versus scale, support, and speed. Both paths are completely valid. It just depends on what game you want to play. peteseligman.com.au/post/tra…
Choosing the right ETA path isn't just about financing. Whether the choice is a traditional, investor-backed search, self-funded SBA models or independent sponsors, the decision will impact how risk is allocated, how much control you retain, and how successful you will be.
Searching for a business independently carries a high failure rate. Historically, around 70% of solo traditional searchers never close a deal. Young entrepreneurs supported by Search Fund Accelerator have an 85% success rate. Check out their story. nola.com/news/business/innov…
The Silver Tsunami isn't a future forecast anymore. It's here. Ten million founders are retiring, and new generations are stepping up, driven by an entrepreneurial mindset that favors the excitement of ownership over unfulfilling corporate treadmills. utahbusiness.com/thought-lea…
Many people view buying a business as a one-way door. This case study proves that with resilience and hands-on management, you can navigate an exit and come out the other side with years of invaluable, real-world operating experience. acquiringminds.co/articles/g…
Success in ETA invested in based on relationships, and professional relationships are based on respect. Much of the magic of returns is being asked to be in deals. If you're not seeing the best deals, you can't be in the best deals. You're missing incredible opportunities.
Christina Salerno's story of acquiring a 7-figure business using an SBA loan and AI is a powerful reminder of how ETA investing is evolving. Today, you don't need a war chest to become an owner. The tools are free, and the doors are open wide. More here: inc.com/dave-kerpen/sba-acqu…
What does a remarkable bottle of wine, a vineyard in the Andes, and a brand spokesperson from central casting have to do with my perspective on success in life? Each is the piece of a larger puzzle, which can only be solved by identifying my passions, talents, and direction.
Reading through this intriguing history of ETA investing, a major theme emerges: The search fund model isn't about financial engineering. It's about finding great businesses, supporting talented operators, and building value over the long haul. seeking72.substack.com/p/the…
As the Silver Tsunami crests, a new wave is building: Gen X has quietly become the largest group of small business owners and buyers in America. Leading the way are Gen X corporate refugees, who are seeking new challenges, adventures, and opportunities. bizbuysell.com/blog/silver-t…
Here's a wealth of information for anyone who's wanted to learn more about ETA investing. This overview explores key topics ranging from evaluating manager quality to understanding tax implications. A valuable resource for the beginner and pro alike. longangle.com/alts-education…
Great new Forbes piece on ETA investing. The ETA model offers a path to ownership with inherited revenue, customers, and operational history. It optimizes what already works. Matching experienced founders with savvy young operators is the perfect pairing. forbes.com/sites/melissahous…
Here's a wealth of information for the ETA investor, compiled by the University of Pennsylvania. It's as valuable for the seasoned pro as it is for the ambitious novice. Clear explanations, useful resources, proven strategies: It's all here. library.upenn.edu/lippincott…
This new ETA investment report breaks down who's investing, how they're structuring their deals, what their targets are, and where the latest trends will likely carry ETA investing in the coming years. Almost every ETA metric you've wondered about is here. capitalpad.com/search-fund-s…
They turned on, tuned in, dropped out, then made a killing in the real estate and equity markets. The story of the Baby Boomers is the story of ETA investment opportunity. linkedin.com/feed/update/urn…
