The Silicon Valley Podcast Ep 213 Search Fund 101 with Jon Staenberg
Show notes for Jon Staenberg https://www.linkedin.com/in/jonstaenberg/
The Search Fund Model with Jon Smith
Introduction and Career Background
Jon shares insights into his career journey leading up to his current role.
Understanding Search Funds
Definition and historical context of search funds in the business landscape.
Risks and Challenges
A discussion on potential risks and challenges associated with the search fund model.
Evolution of Search Funds
Insight into how search funds are evolving and what excites Jon about their future.
Track Record Overview
An overview of the track record and success stories associated with search funds.
Participants in the Search Fund Model
Exploring who typically opts for the search fund route, including the backgrounds of investors and operators.
Identification and Evaluation
The process of identifying and evaluating potential target companies for acquisition.
Exit Strategies and Timelines
Addressing whether search funds have specific exit timelines and the parameters involved.
Due Diligence
Insights into how search funds approach due diligence and factors considered in the evaluation of potential acquisitions.
Access to Deals
How search fund operators gain access to premium deals and compete with larger institutions.
Why Choose a Search Fund as a Buyer?
Common reasons why sellers may opt for a search fund as the buyer for their company.
Seller Due Diligence
The due diligence process sellers typically undertake when considering a search fund acquisition.
Value Creation and Growth Plans
Strategies employed by search funds to create value and drive growth in acquired businesses.
Investor Involvement Post-Acquisition
The level of investor involvement and oversight in the operations of the acquired company.
Management Fee Structure and Incentives
Explaining the fund's management fee structure and performance incentives for the search fund team.
Investor Communications
How communication is managed with investors and the frequency of updates on the search fund's progress.
Closing Remarks and Contact Information
Jon invites listeners to connect and learn more about him and his work.
To learn more about Jon and his insights,
Connec with Jon
https://twitter.com/AgateHoundFund
https://www.linkedin.com/in/jonstaenberg/
Jon’s bio
Founder / Managing Partner
Jon Staenberg
Jon Staenberg has been an active venture capitalist for over 30 years, serving as a General Partner in three Funds managing over $250 million. He is also a venture partner in three Venture Funds. As an angel investor, Jon has made over 250 investments.
Currently, he is focused on building Agate Hound Fund, a fund for Search Funds. This asset class is relatively unknown but has shown exceptional performance over the past 40 years. Additionally, he spends his spare time working on his vineyard in Argentina, www.handofgodwines.com.
In these intriguing times, Jon has a captivating story to share about what lies ahead and why search funds are the new venture capital.