I think I had to scratch this itch one way or the other. It's still been quite hard, and there's lots I'd do differently (which I try to share via this blog), but I wouldn't have learned all that without having undertaken the journey in the first place.
Fewer hours, but a different kind of stress that has often felt harder than PE. I make way less cash comp per year, but am trying to build equity value of course.
Thank you for this, I am confused by the equity requirement though. It is not 10% of the entire purchase price, especially as a down-payment? How would a self-funded searcher only pay 10% of that 10%? By utilizing investors to pay the rest?
Correct -- the total deal requires 10% equity down payment. But that money can come from the searcher or from investors. Check out my post on Equity Deal Structure that explores that topic more fully.
Are you happy you undertook this journey? If you could go back, would you do it all again?
I think I had to scratch this itch one way or the other. It's still been quite hard, and there's lots I'd do differently (which I try to share via this blog), but I wouldn't have learned all that without having undertaken the journey in the first place.
do you work more hours than you did in PE? do you make more or less?
Fewer hours, but a different kind of stress that has often felt harder than PE. I make way less cash comp per year, but am trying to build equity value of course.
I understand, okay, best of luck! Thank you for documenting this journey.
Thank you for this, I am confused by the equity requirement though. It is not 10% of the entire purchase price, especially as a down-payment? How would a self-funded searcher only pay 10% of that 10%? By utilizing investors to pay the rest?
Correct -- the total deal requires 10% equity down payment. But that money can come from the searcher or from investors. Check out my post on Equity Deal Structure that explores that topic more fully.
Great idea, I also made an investment in a "search"-like deal before becoming a searcher myself.