Acquiring Minds 5 Takeaways from Harvard's ETA Conference
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Dec 13, 2021 Michael Ledecky, Co-president of Harvard’s Entrepreneurship Through Acquisition Club, shares insights from the recent ETA conference. He emphasizes the importance of acquiring businesses in thriving industries and introduces the 4+1 search model. Ledecky discusses the growing role of women in acquisition entrepreneurship and mental health challenges faced during searches. He highlights success stories, like Thai Lee's billion-dollar journey, and offers predictions for the future of search. This engaging conversation is rich with resources and names for aspiring entrepreneurs.
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4+1 Model for Industry Selection
- Focus on buying a good business in a great industry with recurring revenue and sticky customers.
- Use Pacific Lake's 4+1 model: TAM, market growth, penetration, criticality, and business model.
Promising Industries for Search
- Investors identified elder care, insurance technology, and med spas as promising industries.
- These industries show strong growth, recurring cash-pay revenue, and private equity interest lagging behind.
Mental Health in Searching
- Search process creates mental health challenges due to isolation and long rejection periods.
- Panelists shared stories highlighting the emotional toll, including bankruptcy and tough perseverance.
