Is anyone doing ETA (entrepreneurship through acquisition) here? What’s your experience with it?

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Yes. Have not acquired but have been in diligence twice now.

First the company was trying to hide some recent 2023 financials, second they tried to increase the price so I pulled out. Know some folks who have done it successfully so I've got some coaches in my corner. Great path if you can find a good company.

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Did you end up acquiring?

I’ve been searching for a few years while working full-time and have looked at 5-10 companies, only 2 did I get into more serious DD with. Still haven’t acquired yet, I do have two good friends who have been very successful with the approach. Non-consultants.

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Cool. How are you financing?

Currently going down the rabbit hole for the last few months and gonna pursue it in the next couple of years. Spoken to a couple searchers and a fund that funds them. Hmu if you want to chat

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D1 - since my comment I interned with a searcher for about 6 months and learned a ton and looked at a lot of deals. Currently back in consulting, but looking to use skills I picked up around SMB acquisition and maybe acquire something with my family. So using search skills through a non search model if that makes sense.

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How do you frame up your investment thesis? Do you have an idea of which market you want to invest in?

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