Can Self-Funded Searchers REALLY Raise MILLIONS of CAPITAL?

Can Self-Funded Searchers REALLY Raise MILLIONS of CAPITAL to Buy a Business?  Sean Smith of Search Fund Ventures explains how its done.  Takeaways •  Search Fund Ventures focuses on self-funded searchers and independent sponsors. •  They target essential products and services for investment. •  Investment involves filling equity gaps for searchers. •  Sean emphasizes the importance of downside and upside return scenarios. •  Recent Successful deals are evaluated based on strong revenue bases and recurring revenue. •  Searcher qualifications include financial backgrounds and industry experience. •  The HVAC sector is a key focus area for their investments. •  They prioritize deals with near-term distributions for investors. •  The fund has a three-year deployment period for capital. •  Incentive alignment between investors and entrepreneurs is crucial.  Chapters 00:00 Introduction to Search Fund Ventures 02:47 Understanding Self-Funded Searchers 05:54 Investment Process and Value Addition 09:00 Cost of Capital and Return Expectations 12:02 Recent Deal Overview 15:00 Evaluating Searcher Qualifications 18:07 Commercial vs. Residential HVAC Businesses 20:55 Roll-Up Strategies and Multiple Expansion 23:54 Investor Commitments and Fund Structure 27:05 Navigating the Search Fund Landscape 30:02 Intrinsic Value and Investment Decisions 33:14 Due Diligence and Quality of Earnings 36:05 Future Goals and Investment Timeline