Self-Funded Search vs. Independent Sponsorship | Niklas James Interview

Описание: Niklas James started as a self-funded searcher (like many of you) and evolved into being an independent sponsor. He deeply understands the differences from his personal experience, the pros & cons of the 2 models. And there are a lot of pros to the independent sponsor model. You might even find yourself saying, "Huh, I should do THAT." Especially if you're harboring fantasies of your own holdco. Being an independent sponsor, one who's done multiple deals, feels a lot like having a holdco — and in many ways better.

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CONTENT
00:00. Niklas’s background
04:51. Why he decided against a traditional search fund
09:05. Niklas chooses self-funded search
13:13. Niklas buys a SaaS business
15:48. The business spirals
22:35. How the painful challenges of his first acquisition set him up for success on later deals
28:11. The risks for SaaS businesses
35:23. Niklas finds an HVAC business
39:27. Evolution from self-fund searcher to independent sponsors
48:48. Changing processes in the business
54:39. Growing his home services business
01:03:00. How his relationship with the seller evolved
01:07:40. Definition of independent sponsor
01:15:34. Who should consider independent sponsorship
01:26:38. The difference between searchers and independent sponsors
01:30:14. The difference between a holdco and independent sponsorship

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Acquiring Minds is a podcast about buying businesses. Acquiring an existing business is an awesome opportunity for many entrepreneurs, and host Will Smith talks to the people who do it. New episodes 2x per week.

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