This is a great piece of research, Alexander. I really like how you focused on the European ETA space and not just overlaid the US perspective. For me, it summarises really clearly not only the characteristics of the model but also the “watch outs”. I am looking forward to the write ups of the other models.
Thank you, Mark. I really appreciate that. That was the main goal of the piece. The traditional search fund model is still a very powerful reference point, but Europe needs to understand its limitations.
The 'watch outs' matter because most searchers do not fail because the model is flawed. They struggle when the model does not match their market, capital base, personality, or operating reality. More models are coming over the next few weeks.
This is a great piece of research, Alexander. I really like how you focused on the European ETA space and not just overlaid the US perspective. For me, it summarises really clearly not only the characteristics of the model but also the “watch outs”. I am looking forward to the write ups of the other models.
Thank you, Mark. I really appreciate that. That was the main goal of the piece. The traditional search fund model is still a very powerful reference point, but Europe needs to understand its limitations.
The 'watch outs' matter because most searchers do not fail because the model is flawed. They struggle when the model does not match their market, capital base, personality, or operating reality. More models are coming over the next few weeks.