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Investor Role for First-Time Buyers
- Many first-time buyers feel they need investors to acquire a business because they lack the full down payment.
- Understanding investor roles and deal structuring is key for self-funded buyers using SBA loans.
Steve Ressler's Entrepreneurial Path
- Steve Ressler shared his entrepreneurial journey from govloop.com founder to private equity exposure.
- His passion for buying and improving existing businesses sprouted from seeing the power of acquisition entrepreneurship.
Types of Search Funds
- Search funds come in three main types: traditional MBA-backed, self-funded for smaller deals, and independent sponsors for larger transactions.
- Each type targets different deal sizes, investor involvement, and entrepreneur backgrounds.