BROADCASTS.com

b'My guest on this episode is Rob LeBlanc. Rob is a co-founding partner of Ambit Partners, a search investment fund founded in 2020 that invests in searchers worldwide in countries like Paraguay, Spain, Germany, and South Africa, where Rob is based. Together with his two co-founding partners, they have raised a $25 million fund with plans to back 50 to 60 searchers in this first fund. Today, they have funded 32 searchers in 20 markets with 5 acquisitions thus far.\\nA recurring concept we discuss in the episode is that investing in search internationally is like going back in time to the early days of search in the US \\u2013 competition was less, fewer owners were aware of searchers, and search tactics were more effective. Those are still true in most countries around the world today.\\nRob and I talk about finding entrepreneurs, themes that are similar across countries, and good and bad reasons to accept a given searcher in your cap table. Enjoy.\\nListen weekly and follow the show on Apple Podcasts, Spotify, Google Podcasts, Stitcher, Breaker, and TuneIn.\\nLinks:\\nRob on LinkedIn\\nAmbit Partners\\nInfo@ambitpartners.com\\nDiscovery Vitality\\n\\nTopics:\\n(3:47) - Which countries have features that make them attractive for searchers and which countries are on the come up?\\n(8:52) - How is conducting a search in other countries like \\u201cgoing back in time?\\u201d\\n(13:37) - What business models seamlessly transition overseas from the US?\\n(15:06) - How valuable is it to have an investor from the country you\\u2019re searching in?\\n(18:02) - What are some \\u201cbad\\u201d reasons to have a certain investor on your cap table?\\n(21:37) - How do you think about which companies where you want to be on the board vs. having a partner on the board?\\n(26:39) - What\\u2019s a situation where you wouldn\\u2019t be a good fit as an investor?\\n(27:53) - What have you seen with searchers struggling to fill board seats?\\n(30:22) - What personalities are best for leadership roles in search as the industry develops internationally?\\n(34:24) - Where do you typically find international searchers? Would you ever go overseas and try to find people who would be good fits in Search?\\n(40:00) - Where do you see Ambit over the next 5 years?\\n(42:17) - Where do most of the exit opportunities exist for international searchers?\\n(44:20) - What college class would you teach if it could be about anything?\\n(46:18) - What\\u2019s a strongly held belief you\\u2019ve changed your mind on?\\n(48:41) - What\\u2019s the best business you\\u2019ve ever seen?'