Ryan Addis

Ryan Addis

Pepperdine MBA and serial entrepreneur
Thousand Oaks, CA

Résumé Highlights

Massive Preparation
Present
I've been forged, tested, humbled and matured. I'm now prepared to pursue my dream of organizing a Search Fund. My PPM is complete, my partners are in place, and I'm brimming with drive.
Exited my Company
2005
Having grown my company to over 13 million in sales and 100 associates; I sold my stake. I then managed the LBA as Executive Director & later managed the Strategic Plan for 1.6 billion P&L of Countrywide.
AIG
2000
One year after my surgery and low point, I was able to buy my first house at a young age go back to school for my BS. I had a new job at AIG and was inspired by Eli Broad to start my own company in 2002.
Emergency Appendectomy
1999
No insurance, drowning in debt, and living on a friend's couch.

Why Upstart

The money I'd like to raise will allow me to pursue my dream of organizing a Search Fund. Search Funds back experienced MBAs to find, acquire, and run a businesses with 10 to 30 million in sales. I'm well on my way to achieving my goal but I need a small amount of capital to cover my cost of living while I work to raise the fund which is anticipated to close May 31st 2013. A Search Fund has two stages. Stage 1 pays the overhead to locate and lock-up a business sale for investors that want to buy a business. Stage 2 offers the first stage investors first right of refusal to invest in the business. The MBA then runs the business as CEO and grows it while looking for liquidity in 7 to 10 years. In 2011, the Center for Entrepreneurial Studies (CES) at Stanford has identified and tracked over 150 first time Search Funds raised since 1984 and concluded that a portfolio of first time Search Funds produced annual returns of 34.4% .

Businessweek article: http://www.businessweek.com/articles/2012-08-31/search-funds-an-mba-shortcut-to-the-c-suite

Profile
Funding