Ep 213 Search Fund 101 with Jon Staenberg

Show notes for Jon Staenberg https://www.linkedin.com/in/jonstaenberg/

The Search Fund Model with Jon Smith

Introduction and Career Background

Jon shares insights into his career journey leading up to his current role.

Understanding Search Funds

Definition and historical context of search funds in the business landscape.

Risks and Challenges

A discussion on potential risks and challenges associated with the search fund model.

Evolution of Search Funds

Insight into how search funds are evolving and what excites Jon about their future.

Track Record Overview

An overview of the track record and success stories associated with search funds.

Participants in the Search Fund Model

Exploring who typically opts for the search fund route, including the backgrounds of investors and operators.

Identification and Evaluation

The process of identifying and evaluating potential target companies for acquisition.

Exit Strategies and Timelines

Addressing whether search funds have specific exit timelines and the parameters involved.

Due Diligence

Insights into how search funds approach due diligence and factors considered in the evaluation of potential acquisitions.

Access to Deals

How search fund operators gain access to premium deals and compete with larger institutions.

Why Choose a Search Fund as a Buyer?

Common reasons why sellers may opt for a search fund as the buyer for their company.

Seller Due Diligence

The due diligence process sellers typically undertake when considering a search fund acquisition.

Value Creation and Growth Plans

Strategies employed by search funds to create value and drive growth in acquired businesses.

Investor Involvement Post-Acquisition

The level of investor involvement and oversight in the operations of the acquired company.

Management Fee Structure and Incentives

Explaining the fund's management fee structure and performance incentives for the search fund team.

Investor Communications

How communication is managed with investors and the frequency of updates on the search fund's progress.

Closing Remarks and Contact Information

Jon invites listeners to connect and learn more about him and his work.

To learn more about Jon and his insights,

Connec with Jon

https://www.agatehound.fund/

https://twitter.com/AgateHoundFund

https://www.linkedin.com/in/jonstaenberg/

jon@staenberg.com

Jon’s bio

Founder / Managing Partner

Jon Staenberg

Jon Staenberg has been an active venture capitalist for over 30 years, serving as a General Partner in three Funds managing over $250 million. He is also a venture partner in three Venture Funds. As an angel investor, Jon has made over 250 investments.

Currently, he is focused on building Agate Hound Fund, a fund for Search Funds. This asset class is relatively unknown but has shown exceptional performance over the past 40 years. Additionally, he spends his spare time working on his vineyard in Argentina, www.handofgodwines.com.

In these intriguing times, Jon has a captivating story to share about what lies ahead and why search funds are the new venture capital.