Session 8 Resources

Roundtable Session #8 Youtube link: Link HERE

Articles

Big Deal Small Busy - Equity Deal Structure - Guess Work Investing

This article details the intricacies of self-funded search equity deal structures, highlighting the strategic use of "sweat equity" to align incentives between searchers and investors, ensuring a fair distribution of risks and rewards. It emphasizes the critical role of creative capital solutions, such as preferred equity and profit-sharing mechanisms, in balancing long-term interests and governance across the parties involved.

Videos

SMB Minute - Investor Economics in Self-Funded Search - Kevin Henderson and Sam Rosati

This helpful video with great visuals discusses the difference between the purchase price and total project cost, how to value equity in a search deal, what a step-up and preferred return are, and why these investments are structured this way.

Podcasts

Navigating Search Funds and their Investors with Saumil Jariwala - Private Market Labs

In this podcast, Saumil Jariwala emphasizes the critical role of a searcher's character in the success of search funds and advises on the importance of resilience, strategic alignment, and nurturing investor-searcher relationships for optimal outcomes. The article also contains a very helpful write-up summary of the interview with key-point