On this episode of Behind the Business, Cory Gottfredson, Founder of Snow Crane Capital, joins Faheem to share his journey into the world of Search Funds—from taking the leap into entrepreneurship to raising capital and navigating the challenges of deal-making.
Cory opens up about the highs and lows of searching for and acquiring a business, what happens when deals fall through, and how he manages the pressures of entrepreneurship while balancing life as a father of three.
If you’ve ever wondered what it takes to set up a fund, bring on investors, and successfully acquire a business, this episode is packed with real-world insights you don’t want to miss!
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(0:00) Intro
(1:13) Cory's path to starting his Search Fund
(3:15) The concept of a Search Fund
(5:13) Bringing on Investors
(7:46) Snow Crane Capital - defining the search
(12:02) Impact on family life & a lonely search road
(18:51) Small Business Acquisitions vs Search Funds
(21:10) The perfect deal - that fell through…
(25:13) Shifting approach to finding the right business
(29:24) The market for acquisitions
(31:57) Finding the right partners and firms
(36:39) What's next for Snow Crane Capital?
(39:37) Cory's advice to searchers