Think Big, Buy Small Acquisition Versus Startup: Weighing The Risks And Rewards
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Jul 1, 2024 In this engaging discussion, recent Harvard Business School graduates Steve Goulas and Daniella Bertolotti explore the dichotomy between startups and acquisitions in entrepreneurship. They share personal anecdotes about their motivations, revealing how those drawn to startups often have deep passions for specific industries. In contrast, acquisition entrepreneurs focus on the mechanics of running a business. They discuss the advantages of acquiring established businesses, including existing systems and customer bases, while weighing the risks and emotional rewards of each path.
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Different Drivers For Two Entrepreneur Paths
- People who choose acquisition versus startup differ in focus: product passion vs business management.
- Acquisition seekers weigh risks carefully and value control with measured risk-taking.
From Private Equity To Pastry Chef
- Daniella left private equity, trained as a pastry chef, and worked in a Boston cafe.
- That hands-on hospitality experience rekindled her passion for restaurants and patisseries.
Loosen Geography Or Industry For Funded Search
- If you search with investor backing, broaden industry and geography to attract funded search investors.
- Narrow, location-bound consumer targets (e.g., Boston cafes) typically deter funded searchers.