Wisdom.MBA Entrepreneurship Through Acquisition & Nomadic Business Ownership with Bakari Akil
Oct 4, 2023
Bakari Akil, successful search fund entrepreneur and visiting lecturer at Cornell Johnson Graduate School of Management, shares his inspiring story of growing up poor and discovering Entrepreneurship Through Acquisition. He discusses world travel advice, the best financial advice, learning ETA without business school, and his NYP search deal and investment thesis.
AI Snips
Chapters
Transcript
Episode notes
Journey from Poverty to Business Owner
- Bakari grew up in extreme poverty, showering with river water due to no running water.
- Now he owns businesses generating income surpassing his monthly expenses, illustrating dramatic life change.
ETA's Stronger Odds vs Startups
- ETA offers higher success probabilities and lower downside risk compared to startups.
- For those from insecure backgrounds, ETA provides a safer path to wealth with measurable odds.
Pick ETA Only If Determined
- Choose ETA if you want control and can endure rejection, unlike steady income in PE or consulting.
- Accept financial and social tradeoffs early to pursue ownership successfully.