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Bakul Badwal

Research Analyst at Cryptoeq

Highlights

Jul 10 · linkedin

GSB’s Primer on Search Funds (vehicle for Entrepreneurship via Acquisition) is the ultimate overview of raising a fund for #ETA: https://lnkd.in/e2zMFvYg

✅ Premise: Purchasing cash flows via acquiring an existing business in a stable, growing industry vs. founding cash flows from scratch or in the hyper-growth VC-funded startup model is a viable entrepreneurial option offering a direct path to the CEO role, equity ownership, hands-on operational and deal experience, and more.

Countless models re: the deal & operational strategy.

ETA is an resurgent area in which owner-entrepreneurs acquire and operate a small to mid-market business, usually raising a fund to do so from a mix of equity and debt investors who are increasingly investing in this growing asset class by backing ambitious MBA students or later career professionals.

✅ 4 Stages: (i) Raise the fund (2-6mo.) (ii) Search and close the deal (acquisition, 12-18mo.) (iii) Operation and value creation (4-7+ yr) (iv) Liquidity event (exit, 6mo).

Traditional vs. self-funded search: The traditional model involves raising from equity investors who provide support re: diligence, legal, corp. governance, and further post-acquisition. A self-funded search carries more risk with the chance for more equity ownership.

✅ Why: Many SMB to mid-market businesses lack succession plans; ETA has become a growing asset class with an increasing number of FoF and other players involved at all tranches of the capital stack.

If you're interested in or actively pursuing ETA / #searchfund (whether an incoming / current #MBA student or otherwise):

Amongst top MBA programs outside of HBS/GSB, Booth offers the largest ETA presence & resources, followed by Kellogg, Wharton, MIT, Georgetown, Duke, UVA, Yale, plus several others.

Two ETA conferences this fall: https://lnkd.in/eNj4Ft5s (Booth/Kellogg) and seetaconference.org

Jun 3 · linkedin

I’m excited to join Iron Key Capital to aid in all things business development and deal sourcing, plus for our Venture Fellows and Venture Partners as a BD Executive.

Iron Key comprises a venture studio and investment fund for pre-seed and seed stage web3 startups, focused on enterprise + consumer adoption of digital assets, with a one-of-a-kind web3 VC Fellowship program for emerging investors to build their angel / venture investing skills.

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Bakul Badwal
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Experience

Founder And Head Coach at Warrior Fit
Research Analyst at Cryptoeq

Education

International Baccalaureate
Medicine Institute
Uf College Of Medicine Mobile Outreach Clinic
National Academy Of Sports Medicine
Winter Park High School
University Of Florida
Finance, Wharton Online
Master Of Education, Bachelor Of Science In Medicine, Physiology, Kinesiology, Biology, Neuroscience, University Of Florida

Location

Miami, Florida, United States