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