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It takes reps: the funnel
- Listings scanned28,000
- Matched your criteria
- NDAs signed
- CIMs reviewed
- Seriously reviewed
- LOIs submitted
- LOIs accepted
- Business acquired
- Here is what kissing a lot of frogs looks like in numbers. This is the volume behind one closed acquisition.
- Roughly 28,000 listings scanned and 1,300 that match your criteria. Most listings are a no for a simple reason: wrong size, wrong industry, wrong place.
- About 650 NDAs signed, 291 CIMs reviewed, and 81 deals that earn a serious look. This is the stretch where you actually get good at evaluating businesses.
- Nine to fourteen LOIs, two or three accepted, and one close.
- Those numbers are not meant to scare you. They are the reason to have a system. The top of the funnel, the scanning, is the part software does for you. Your hours belong further down.
Funnel figures from Athena Simpson, founder of AcquiMatch, drawn from searchers running structured acquisition processes. Scanning means a ten-second look at the headline, price and financials.