Ever heard of a Search Fund?
Here is a summary description I collated about Search Funds: https://www.canva.com/design/DAERH1oLQYk/EEYQF13dFXtlY6_It8PRRA/view?utm_content=DAERH1oLQYk&utm_campaign=designshare
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Like with all group fund models, I think you can succeed by finding a niche, instead of a general LP base, maybe go after tech execs or owners of local small businesses and go find a business to buy.
Also I dont know where I heard this but dont most search funds end up buying a bunch of fast food franchises and cash flow off of that? If I was a general LP then I would be pissed to pay all those fees.
One could also create a kickstarter for search funds, that would be the software play here, like how angellist has automated most of the VC fund back office, you could automate most search fund back/mid offie.
Hey Naveen, I appreciate the reply! Definitely agree with niche LPs. That would be crazy to pay fees on some franchise buys!
I do like the crowdfunding for search funds idea! I was thinking Republic would be basically this. Do you think there is room for differentiation?
Not republic/seedinvest but is there sifferentiation opportunity.
Lots of people are doing MIcro PE, if there was a way for me to look at all the Micro PE operators their verticals and history( or some proxy for return) then that would be killer.
Again free advice is free because it worthless, YMMV, and all caveats included, I would say start with a boring name, be the safe default choice for folks like me