Search Process

How's it going? Month 2 of the search - making offers

Ryan is 2-3 months into his search fund journey and is speaking with 20-30 business owners per week and has eight deals in the pipeline.

July 16, 2026
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Illustration of an Australian main street with local businesses
Ryan is 2-3 months into his search fund journey and is speaking with 20-30 business owners per week and has eight deals in the pipeline.

In this update video, Ryan is 2-3 months into his search and is speaking with 20-30 business owners per week and has eight deals in the pipeline. He's getting "more comfortable and faster" at thinking through industries and business models. His conversations are also becoming crisper and more dynamic.

I think you can also see an increased level of confidence in this video relative to his 1-month update video, possibly due the fact that he's making offers. He's really feeling the importance of volume in the search.

Written by
Jake Nicholson
Founder and managing director of SMEVentures. In search funds since 2011, INSEAD Entrepreneur in Residence, and host of The Search Fund Podcast.

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Written by
Jake Nicholson
Founder and managing director of SMEVentures. In search funds since 2011, INSEAD Entrepreneur in Residence, and host of The Search Fund Podcast.

Get more insights

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