M&A Talk: #1 Podcast on Selling a Business
For Buyers: Entrepreneurship Through Acquisition -- Insights from Harvard Business School Experts
Aug 8, 2024
Royce Yudkoff and Rick Ruback, both Harvard Business School professors, delve into the fascinating world of entrepreneurship through acquisition. They discuss the benefits of buying established businesses rather than starting from scratch. Insights include the dynamics of search fund investing, the advantages of tapping into the lower middle market, and the importance of connecting with retiring founders. The conversation also touches on the traits of an ideal business for acquisition and the challenges that aspiring entrepreneurs face throughout their journey.
51:04
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Quick takeaways
- Entrepreneurship through acquisition offers a safer route for new business owners by acquiring established, profitable companies rather than starting from scratch.
- Understanding the differences between angel investing, venture capital, and search fund investing is crucial for reducing risk and making informed investment choices.
Deep dives
Entrepreneurship Through Acquisition
The concept of entrepreneurship through acquisition offers a unique pathway for individuals interested in running a business, as opposed to starting from scratch. This approach involves finding a well-established, profitable business owned by a founder nearing retirement and acquiring it. By leveraging the existing foundation of the company, aspiring entrepreneurs can significantly reduce the risks typically associated with starting a new venture. This strategy not only provides access to an operational business but also allows new owners to navigate the complexities of entrepreneurship with increased certainty.
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