JetBlue Chairman Talks Search Funds
VIA TECHCRUNCH DISRUPT
… EXCERPT …
JetBlue Chairman Joel Peterson is also one of the proponents of a lesser known investment model called the “Search Fund” which, for the uninitiated, has special relevance to startups and entrepreneurs, as they are essentially vehicles for small groups of investors to financially back inspired young entrepreneurs. But not in that entrepreneur’s company.
No, they then collectively search for companies to acquire and run.
“When we asked the JetBlue Chairman what his criterion was for investing he said that, while funding great people has to be any investor’s top motive, he unilaterally ranks leadership foremost when evaluating deals.”
Joel Peterson, JetBlue Chairman