ENTREPRENEURSHIP THROUGH ACQUISITION

A Reliable Alternative To Chasing Unicorns

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Search Fund Model Diversifies Away From MBA

The search fund model presents an amazing opportunity for the motivated entrepreneur, but it can also be a sort of acquisition gateway drug for newly aspiring ETA enthusiasts, ultimately leading into other forms of acquisition entrepreneurship, -like tapping the SBA for up to $5 million acquisition loan, and negotiating focus on seller financing and earnouts, particularly in this new environment.

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Bloomberg Interview with Sam Zell on Market Valuations & Post-Virus Economy

Sam Zell’s take on where we are currently in terms of investment & acquisition opportunities as of the beginning of May, 2020. Basically, buyers are looking for discounts and sellers haven’t let go of the pricing expectations that existed just a couple months ago. Until those expectations move closer together, and until the uncertainty clears up, we’re in “wait and see” mode. See the full interview here:

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Petition to Save the SBA 7(a) Loan Program

The Payroll Protection Program (PPP), although necessary, as written in the bill, is depleting all available monies allocated for the standard SBA 7(a) loan program. This is causing a situation in which the program will soon run out of funds, with no further SBA 7(a) loans available through June 30, 2020.

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