Max Turowsky Survey

Max Turowsky

Current Searcher, Self-Funded
Survey completed September 17, 2020.


Why did you choose your model? Would you make the same choice again?

I would prefer to retain more equity and purchase the business through debt. So far the prospect of purchasing through debt seems daunting, but I am continuing to pursue that route.

Are you searching with a partner? If so, why did you choose them? How did you find them? If not, why did you choose to search solo?

Yes — my partner is a childhood friend with a diverse background. I feel like we complement each other and would successfully manage a business together.

When is the right time to start speaking with investors? How did you select your search and/or acquisition investors?

Did you get an MBA before searching? If so, where and why?

What is your work experience prior to searching?

General management for ecommerce business. I led a category for Jet.com pre-acquisition and now lead business operations at a fast growing, DTC company.

What industries and sizes of companies are you pursuing?

Wide net for industries. Current budget is $1.5-3M at 3-5x EBITDA.

How long have you been searching?

2 months.

How do you identify prospects to acquire? Do you use only brokers, only direct outreach, or both?

Only brokers at the moment.

Approximately how many direct outreach calls and emails have you made to owners?

How do you find company lists?

Do you subscribe to broker deal lists? Which ones?

Do you use interns? If so, how many? What do you have them do?

Approximately how many deals have you reviewed?

30

How many companies have you gotten to the LOI stage with? How long before your first one?

What has been the most challenging part of your search? What was harder/easier than you expected?

What articles, books, and resources were most helpful to you in preparing to search?

What do you wish you knew prior to searching?

What single piece of advice would you share with prospective searchers?

Patience. Also connections are key to identifying promising opportunities.

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I’m always looking to connect with folks interested in this space, don’t hesitate to reach out.