The Evolution of Entrepreneurship Through Acquisition
As 2016 draws to a close, the Entrepreneurship Through Acquisition (ETA) community is in a unique situation. “Search funds”, the predominant model historically and the focus of this report, has had an amazing run under a mostly consistent model, through a relatively finite set of investors and drawing from a handful of elite business school programs. Now, new models and investors are funding more entrepreneurs than ever, and this trend is gaining momentum. The space has grown from a cottage industry in 1983 into what investors describe as a period of “explosion”, “take-off” and “proliferation” referring to the search fund space in 2016. Read more.