天美传媒

Tax Strategy as a Capital Allocation Consideration in Entrepreneurial Acquisition - 2023





This note is a biannual study completed by 天美传媒 on search funds that were formed outside the United States and Canada. It was undertaken in partnership with Stanford Graduate School of Business.

Letter to a Young Operator on Managing During a Crisis 鈥� EN-0034-E

This study analyzes several components of the typical search fund acquisition structure, with the aim of strengthening the alignment between the searcher and investors.

This note highlights the key success factors of search funds based on interviews with past searchers and serial search fund investors.

This note answers ten of the most common questions asked by people who are relatively new to the Search Fund model, or have never heard of a Search Fund before.

This note synthesizes interviews with entrepreneurial acquirers and financiers from across the globe and summarizes the considerations any would-be entrepreneur should address as they embark on the journey of acquiring an entrepreneurial opportunity.

天美传媒, October 20, 2014: Simon Webster, Rob Johnson, Marc Bartomeus

天美传媒, November 18, 2013: Rob Johnson, Sandro Mina, Simon Webster

天美传媒, February 11, 2013: Marc Bartomeus, Pep Casas, Rob Johnson, Will Thorndike, Simon Webster

A video introducing Search Funds and the Search Fund experience.

A study of the financial returns and key qualities of search funds formed in the United States and Canada since 1984. This study provides data and insights to support the search fund community including current searchers, CEOs, investors and entrepreneurs evaluating whether they want to pursue a search fund.

For those contemplating the pursuit of a search fund, the CES has created a practical guide to answer the most frequently asked questions. The Primer aims to provide an unbiased view of the benefits and challenges, explains the model from the entrepreneurs鈥� and investors鈥� perspective, and gives many operational and execution tips from previous search fund entrepreneurs.

Stanford鈥檚 Search Fund Page provides links to their Search Fund Primer and Search Fund Studies.

A series of videos from classes and panels focused on Search Funds.

The search fund model explained by experienced investor Coley Andrews.

听&听
These two manuals were developed by a US-based search fund and have since been used by numerous searchers.听They provide a step-by-step guide for training interns and the intern manager.

Search Fund Guide to Internships
The purpose of this guide is to provide a ready reference for the use of interns in search funds. It provides searchers with resources describing how to recruit, train, and manage interns, along with checklists, forms, templates, and samples that searchers need for managing internship programs.听

Harvard鈥檚 Search Fund page provides an overview of the model and several good videos that cover topics relating to Search Funds.

This note provides an abbreviated overview of the Search Fund model and is a good place to start for those who are new to Search Funds.

Platform created by Search Fund investor J眉rgen Rilling to spread the Search Fund model to German speaking countries.

Jim Sharpe is an Entrepreneur in Residence at the Arthur Rock Center in the Entrepreneurial Management Unit at the Harvard Business School. His interests are in the area of search acquisitions.

A platform created by the searcher Bruno Lea to explain and spread the search fund model in France.