Robert Graham

Jordan Carter and Robert Graham argue for self-funded search over traditional search funds or the 'buy small' approach. They discuss the benefits of self-funded search, including buying larger businesses and turning $200k into $4M+. They also highlight the financial aspects of self-funded search and the use of Biz Buy Sell and broker outreach. Additionally, they talk about assistance and support during the pre-LOI stage, geographic flexibility, and the low success rate of traditional searchers.

Robert Graham and Aaron Blick discuss their journey from a $1.2m SDE acquisition to a $15m EBITDA business. Topics include private equity impact on industry roll-ups, running businesses remotely, financial shocks post-acquisition, hiring presidents, blending SBA loans with roll-up model, and shifting power dynamics after purchase.

Robert Graham, an acquisition entrepreneur at SIG, and Greg Geronemus, an investor at Footbridge Partners who successfully utilized a traditional search fund, engage in a spirited debate about self-funded versus traditional search funds. They discuss the economic differences and fixed terms of traditional funds. The conversation dives into governance dynamics, success probabilities, and the flexibility of self-funded searches. Both guests share insights on board assembly challenges and the evolving accessibility of these funding models for aspiring entrepreneurs.