Judd Lorson, after graduating from the Yale School of Management, launched a search fund, only to discover the challenging realities of entrepreneurship. Despite backing from Search Fund Accelerator, his journey to acquiring a business was fraught with setbacks, including emotional ups and downs during negotiations. Even after a business was purchased, financial challenges persisted. Recent trends show that search funds are gaining popularity among younger individuals, yet they come with risks. Lorson aims to share his experiences to prepare future entrepreneurs for the unpredictable nature of this career path.
"The journey into entrepreneurship through search funds can be tumultuous and unpredictable, filled with both hopeful aspirations and stark realities that many overlook."
"While the allure of a significant payday exists, the path to acquiring and managing a small business often reveals numerous challenges and uncertainties."
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