In this conversation, Robert Cherun, co-founder of a highly successful security company, shares his journey from a $5M startup to a $150M industry leader. He dives into the mechanics of search funds and reveals how they've generated impressive net IRRs and ROI. Robert also discusses the barriers institutional investors face in this space and the essential traits of successful searchers, including financial acumen and leadership skills. His insights into scaling businesses and building a diversified portfolio are particularly captivating.