A major difference in lifestyle (and I guess also financial implications) not mentioned here or the companion article [1] is that many search funds end up buyin

A major difference in lifestyle (and I guess also financial implications) not mentioned here or the companion article [1] is that many search funds end up buying companies in less-than-happening locations, whereas MBB have offices in major cities. So for a search fund you have to either be willing to go live in the rust belt for 5+ years or accept that your chances if finding a business in/near a big city are lower. [1] https://hbr.org/2016/03/why-more-mbas-should-buy-small-businesses https://hbr.org/2016/03/why-more-mbas-should-buy-small-busin...