{"id":185,"date":"2024-06-29T20:09:45","date_gmt":"2024-06-29T11:09:45","guid":{"rendered":"https:\/\/searchfund.jp\/?p=185"},"modified":"2024-06-29T20:13:22","modified_gmt":"2024-06-29T11:13:22","slug":"%e3%80%90%e5%9b%bd%e5%86%85%e6%9c%80%e9%80%9f%e3%80%91%e3%82%b9%e3%82%bf%e3%83%b3%e3%83%95%e3%82%a9%e3%83%bc%e3%83%89gsb%e3%81%ae%e3%82%b5%e3%83%bc%e3%83%81%e3%83%95%e3%82%a1%e3%83%b3%e3%83%89","status":"publish","type":"post","link":"https:\/\/searchfund.jp\/?p=185","title":{"rendered":"\u3010\u6700\u65b0\u7248\u3011\u30b9\u30bf\u30f3\u30d5\u30a9\u30fc\u30c9GSB\u306e\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u30ec\u30dd\u30fc\u30c8\u30012024 Search Fund Study\u306e\u5185\u5bb9\u3092\u65e5\u672c\u8a9e\u3067\u89e3\u8aac\uff01"},"content":{"rendered":"\n<p>Stanford GSB\u304c6\u670828\u65e5\u4ed8\u30672\u5e74\u3076\u308a\u306e\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u30ec\u30dd\u30fc\u30c8\u3068\u306a\u308b2024 Search Fund Study\u3092\u516c\u958b\u3057\u307e\u3057\u305f\u3002\u30ec\u30dd\u30fc\u30c8\u306f<a href=\"https:\/\/www.gsb.stanford.edu\/faculty-research\/case-studies\/2024-search-fund-study\">\u3053\u3061\u3089\u306eURL<\/a>\u304b\u3089\u3069\u306a\u305f\u3067\u3082\u7121\u6599\u3067DL\u3067\u304d\u307e\u3059\u306e\u3067\u3001\u539f\u6587\u304c\u6c17\u306b\u306a\u308b\u65b9\u306f\u305c\u3072\u30a2\u30af\u30bb\u30b9\u3057\u3066\u307f\u3066\u304f\u3060\u3055\u3044\u3002<br>\u3053\u306e\u8a18\u4e8b\u3067\u306f2024 Search Fund Study\u306e\u6982\u8981\u3092\u65e5\u672c\u8a9e\u3067\u307e\u3068\u3081\u308b\u3053\u3068\u3092\u76ee\u7684\u3068\u3057\u305f\u30da\u30fc\u30b8\u3067\u3059\u3002<span class=\"rtex-highlighter-0\">\u3053\u306e\u30ec\u30dd\u30fc\u30c8\u306f\u5317\u7c73(\u30ab\u30ca\u30c0+\u30a2\u30e1\u30ea\u30ab)\u306b\u304a\u3051\u308b\u30c8\u30e9\u30c7\u30a3\u30b7\u30e7\u30ca\u30eb\u578b\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u3092\u8abf\u67fb\u5bfe\u8c61<\/span>\u306b\u3057\u3066\u304a\u308a\u3001\u6982\u6cc1\u628a\u63e1\u306b\u6700\u9069\u306a\u30ec\u30dd\u30fc\u30c8\u3067\u3059\u306e\u3067\u3001\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u306b\u8208\u5473\u306e\u3042\u308b\u65b9\u306b\u304a\u3059\u3059\u3081\u306e\u5185\u5bb9\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u30d5\u30a1\u30f3\u30c9\u30ec\u30a4\u30ba\u3068\u30b5\u30fc\u30c1\u306b\u95a2\u3059\u308b\u8abf\u67fb<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">\u5e74\u4ee3\u5225\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u306e\u6d3b\u52d5\u72b6\u6cc1<\/h3>\n\n\n\n<p>\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u306e\u8a2d\u7acb\u6570(Funds Raised)\u306f\u5e74\u3005\u4e0a\u6607\u50be\u5411\u306b\u3042\u308a\u30012023\u5e74\u306e\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u8a2d\u7acb\u6570\u306f90\u3092\u8d85\u3048\u3066\u3044\u307e\u3059\u3002\u4e00\u65b9\u3067\u4f01\u696d\u627f\u7d99\u6570(Aquisitions)\u306f2021\u5e74\u304b\u3089\u6e1b\u5c11\u50be\u5411\u306b\u3042\u308a\u3001<span class=\"rtex-highlighter-0\">\u5317\u7c73\u306b\u304a\u3051\u308b\u30b5\u30fc\u30c1\u74b0\u5883\u306f\u30b5\u30fc\u30c1\u30e3\u30fc\u306b\u3068\u3063\u3066\u5bb9\u6613\u3067\u306f\u306a\u3044<\/span>\u3053\u3068\u304c\u4f3a\u3048\u307e\u3059\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"975\" height=\"409\" src=\"https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/06\/image.png\" alt=\"\" class=\"wp-image-186\" srcset=\"https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/06\/image.png 975w, https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/06\/image-300x126.png 300w, https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/06\/image-768x322.png 768w\" sizes=\"auto, (max-width: 975px) 100vw, 975px\" \/><\/figure>\n<cite>Stanford GSB, Search Fund Study 2024 \u2013 Research Overview<\/cite><\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\">\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u6bce\u306e\u72b6\u6cc1<\/h3>\n\n\n\n<p>\u3053\u308c\u307e\u3067\u306b\u8a2d\u7acb\u3055\u308c\u305f\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u306f681\u4ef6\u3001\u305d\u306e\u3046\u3061\u30b5\u30fc\u30c1\u671f\u9593\u3092\u7d42\u3048\u305f\u3082\u306e\u306f524\u4ef6\u3001\u66f4\u306b\u305d\u306e\u3046\u3061\u4f01\u696d\u627f\u7d99\u3092\u9054\u6210\u3057\u305f\u3082\u306e\u306f328\u4ef6\u306863%\u3068\u627f\u7d99\u3092\u9054\u6210\u3057\u305f\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u306e\u5272\u5408\u306f2022\u5e74\u8abf\u67fb\u6642\u306f\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u5168\u4f53\u306e66%\u3067\u3042\u3063\u305f\u306e\u306b\u5bfe\u3057\u3001\u4eca\u56de\u30ec\u30dd\u30fc\u30c8\u3067\u306f63%\u306b\u6e1b\u5c11\u3057\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u306f\u524d\u8ff0\u306e\u901a\u308a\u76f4\u8fd12\u5e74\u306e\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u306e\u5897\u52a0\u3068\u627f\u7d99\u4ef6\u6570\u306e\u6e1b\u5c11\u304c\u539f\u56e0\u3068\u8003\u3048\u3089\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"969\" height=\"412\" src=\"https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/06\/image-1.png\" alt=\"\" class=\"wp-image-187\" srcset=\"https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/06\/image-1.png 969w, https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/06\/image-1-300x128.png 300w, https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/06\/image-1-768x327.png 768w\" sizes=\"auto, (max-width: 969px) 100vw, 969px\" \/><\/figure>\n<cite>Stanford GSB, Search Fund Study 2024 \u2013 Research Overview<\/cite><\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\">\u30b5\u30fc\u30c1\u30e3\u30fc\u306e\u30d7\u30ed\u30d5\u30a3\u30fc\u30eb<\/h3>\n\n\n\n<p>\u30b5\u30fc\u30c1\u30e3\u30fc\u306e\u5e74\u9f62\u306e\u4e2d\u592e\u5024\u306f31\u6b73\u3068\u7565\u6a2a\u3070\u3044\u3067\u3059\u304c\u300130\u6b73\u4ee5\u4e0b\u306e\u5272\u5408\u306f24%\u304b\u308932%\u3068\u5897\u52a0\u3057\u3066\u304a\u308a\u30b5\u30fc\u30c1\u30e3\u30fc\u5168\u4f53\u3067\u82e5\u5e74\u5316\u306e\u50be\u5411\u304c\u3042\u308b\u3088\u3046\u3067\u3059\u3002\u307e\u305f<span class=\"rtex-highlighter-0\">MBA\u5352\u696d\u76f4\u5f8c\u306b\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u3092\u7acb\u3061\u4e0a\u3052\u308b\u30b1\u30fc\u30b9\u3082\u524d\u56de\u8abf\u67fb\u3088\u308a29%\u304b\u308944%\u306b\u5897\u52a0<\/span>\u3057\u3066\u3044\u307e\u3059\u3002MBA\u3067ETA(Entreprenuership through Aquisition)\u306e\u6388\u696d\u3092\u53d7\u8b1b\u3057\u305f\u30b5\u30fc\u30c1\u30e3\u30fc\u306e\u5272\u5408\u304c48%\u3068\u524d\u56de\u8abf\u67fb\u3088\u308a\u308210\u30dd\u30a4\u30f3\u30c8\u4ee5\u4e0a\u5897\u52a0\u3057\u3066\u304a\u308a\u3001\u3053\u306e\u69d8\u306a<span class=\"rtex-highlighter-0\">ETA\u6559\u80b2\u306e\u5e83\u304c\u308a\u304cPost MBA\u3068\u3057\u3066\u306e\u9078\u629e\u80a2\u3068\u3057\u3066\u5e83\u304c\u3063\u3066\u3044\u308b\u80cc\u666f\u3068\u3057\u3066\u8003\u3048\u3089\u308c\u307e\u3059<\/span>\u3002MBA\u3092\u7d4c\u3066\u3044\u306a\u3044\u30b5\u30fc\u30c1\u30e3\u30fc\u308219%\u304b\u308924%\u3068\u5897\u52a0\u3057\u3066\u3044\u308b\u70b9\u3082\u7279\u7b46\u3059\u3079\u304d\u70b9\u3067\u3059\u3002<br>\u5973\u6027\u306e\u30b5\u30fc\u30c1\u30e3\u30fc\u306f\u5168\u4f53\u306e17%\u3068\u5897\u52a0\u50be\u5411\u3067\u306f\u3042\u308a\u307e\u3059\u304c\u3001\u4f9d\u7136\u3068\u3057\u3066\u7537\u6027\u304c\u591a\u6570\u3092\u5360\u3081\u308b\u72b6\u6cc1\u3067\u3059\u3002\u4eba\u7a2e\u5225\u306e\u5272\u5408\u3082\u307e\u3068\u3081\u3089\u308c\u3066\u304a\u308a\u3001\u767d\u4eba\u304c56%\u3001\u30a2\u30b8\u30a2\u7cfb\u304c16%\u3001\u30a2\u30d5\u30ea\u30ab\u7cfb\u304c6%\u3001\u30e9\u30c6\u30f3\u7cfb\u304c8%\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u305d\u306e\u4ed6\u30c7\u30fc\u30bf<\/h3>\n\n\n\n<p>\u76f4\u8fd1\u8abf\u67fb\u3067\u306f\u30b7\u30f3\u30b0\u30eb\u30b5\u30fc\u30c1\u30e3\u30fc\u306f81%\u3001\u30d1\u30fc\u30c8\u30ca\u30fc\u578b\u306f19%\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u30b5\u30fc\u30c1\u30ad\u30e3\u30d4\u30bf\u30eb\u306e\u91d1\u984d\u306f\u4e2d\u592e\u5024\u304c55\u4e07\u30c9\u30eb(\u7d048,200\u4e07\u5186)\u3001\u6700\u4f4e\u5024\u304c27\u4e07\u30c9\u30eb(\u7d044,000\u4e07\u5186)\u3001\u6700\u5927\u5024\u304c\u7d04100\u4e07\u30c9\u30eb(\u7d041\u5104\u5186)\u3068\u30b5\u30fc\u30c1\u30e3\u30fc\u306b\u3088\u308b\u5e45\u304c\u3042\u308b\u3053\u3068\u304c\u4f3a\u3048\u307e\u3059\u3002<br>\u30c8\u30e9\u30c7\u30a3\u30b7\u30e7\u30ca\u30eb\u578b\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u306f\u8907\u6570\u306e\u6295\u8cc7\u5bb6\u304b\u3089\u6295\u8cc7\u3092\u52df\u308a\u307e\u3059\u304c\u3001\u76f4\u8fd1\u8abf\u67fb\u306b\u304a\u3051\u308b\u6295\u8cc7\u5bb6\u306e\u6570\u306f\u4e2d\u592e\u5024\u304c12\u3068\u306a\u3063\u3066\u304a\u308a\u3001\u904e\u53bb\u3068\u6bd4\u8f03\u3059\u308b\u3068\u6295\u8cc7\u5bb6\u306e\u6570\u306f\u82e5\u5e72\u306e\u6e1b\u5c11\u50be\u5411\u306b\u3042\u308a\u307e\u3059\u3002\u3053\u308c\u306f\u5317\u7c73\u3067\u306fFund of Searchfunds\u3068\u547c\u3070\u308c\u308b\u6a5f\u95a2\u6295\u8cc7\u5bb6\u304c\u591a\u304f\u5b58\u5728\u3057\u3001\u4e00\u53e3\u3042\u305f\u308a\u306e\u6295\u8cc7\u91d1\u984d\u304c\u5927\u304d\u304f\u306a\u3063\u3066\u3044\u308b\u3053\u3068\u304c\u5f71\u97ff\u3057\u3066\u3044\u308b\u306e\u3067\u306f\u306a\u3044\u304b\u3068\u8003\u3048\u3089\u308c\u307e\u3059\u3002<br>\u30b5\u30fc\u30c1\u30e3\u30fc\u304c\u6295\u8cc7\u5bb6\u3092\u52df\u308b\u671f\u9593\u3082\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u6bce\u306b\u5927\u304d\u304f\u7570\u306a\u308a\u307e\u3059\u3002\u4e2d\u592e\u5024\u306f3\u30f6\u6708\u3067\u3059\u304c\u3001\u6700\u3082\u9577\u4e95\u671f\u9593\u306f18\u30f6\u6708\u3001\u6700\u77ed\u3067\u306f\u306a\u3093\u30680\u30f6\u6708(\u6570\u65e5)\u3067\u30d5\u30a1\u30f3\u30c9\u30ec\u30a4\u30ba\u3092\u5b8c\u4e86\u3059\u308b\u30b5\u30fc\u30c1\u30e3\u30fc\u3082\u3044\u308b\u3088\u3046\u3067\u3059\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u4f01\u696d\u306e\u627f\u7d99\u306b\u95a2\u3059\u308b\u8abf\u67fb<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">\u627f\u7d99\u5148\u4f01\u696d\u306e\u696d\u614b<\/h3>\n\n\n\n<p>\u30b5\u30fc\u30d3\u30b9\u7cfb\u3001Tech\u7cfb\u306e\u696d\u614b\u304c\u4f9d\u7136\u4eba\u6c17\u3067\u3001\u5f90\u3005\u306b\u5897\u3048\u3066\u3044\u308b\u306e\u306f\u30d8\u30eb\u30b9\u30b1\u30a2\u7cfb\u306e\u696d\u614b\u3067\u3059\u3002\u4e00\u65b9\u3067<span class=\"rtex-highlighter-0\">\u30bd\u30d5\u30c8\u30a6\u30a7\u30a2\u7cfb\u306e\u696d\u614b\u306f\u30de\u30fc\u30b1\u30c3\u30c8\u72b6\u6cc1\u3084PE\u3068\u306e\u53d6\u5f97\u7af6\u4e89\u304c\u6fc0\u5316\u3057\u3066\u3044\u308b\u80cc\u666f\u306a\u3069\u304b\u3089\u524d\u56de\u8abf\u67fb\u3088\u308a\u3082\u5927\u304d\u304f\u6e1b\u5c11<\/span>\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"970\" height=\"496\" src=\"https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/06\/image-2.png\" alt=\"\" class=\"wp-image-188\" srcset=\"https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/06\/image-2.png 970w, https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/06\/image-2-300x153.png 300w, https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/06\/image-2-768x393.png 768w\" sizes=\"auto, (max-width: 970px) 100vw, 970px\" \/><\/figure>\n<cite>Stanford GSB, Search Fund Study 2024 \u2013 Research Overview<\/cite><\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\">\u627f\u7d99\u5148\u4f01\u696d\u306e\u7d71\u8a08\u30c7\u30fc\u30bf<\/h3>\n\n\n\n<p>\u8b72\u6e21\u4fa1\u984d\u306e\u4e2d\u592e\u5024\u306f1,440\u4e07\u30c9\u30eb(\u7d0421.6\u5104\u5186)\u306b\u5bfe\u3057\u3001EBITDA\u306e\u4e2d\u592e\u5024\u306f220\u4e07\u30c9\u30eb(\u7d043.3\u5104\u5186)\u3068\u306a\u3063\u3066\u304a\u308a\u3001\u8b72\u6e21\u4fa1\u984d\/EBITDA \u306f7.0x\u3068\u65e5\u672c\u5e02\u5834\u3068\u6bd4\u8f03\u3059\u308b\u3068\u9ad8\u3081\u306e\u30ec\u30f3\u30b8\u306b\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u8b72\u6e21\u6642\u306eEBITDA margin\u4e2d\u592e\u5024\u306f26.9%\u3001EBITDA\u6210\u9577\u7387\u4e2d\u592e\u5024\u306f25%\u3068\u3001<span class=\"rtex-highlighter-0\">\u9ad8\u3044\u6210\u9577\u7387\u3092\u6301\u3064\u9ad8\u53ce\u76ca\u6027\u4f01\u696d\u3092\u9ad8\u3044Multiple\u3067\u627f\u7d99\u3059\u308b\u3068\u3044\u3046\u306e\u304c\u5317\u7c73\u306b\u304a\u3051\u308b\u30b9\u30bf\u30f3\u30c0\u30fc\u30c9<\/span>\u306b\u306a\u3063\u3066\u3044\u308b\u3088\u3046\u3067\u3059\u3002<br>\u627f\u7d99\u5f8c1\u5e74\u76ee\u306eCEO(\u30b5\u30fc\u30c1\u30e3\u30fc)\u306e\u5831\u916c\u306e\u4e2d\u592e\u5024\u306f20\u4e07\u30c9\u30eb(\u7d043,000\u4e07\u5186)\u3068\u4ed6\u306ePost MBA\u30ad\u30e3\u30ea\u30a2\u3068\u6bd4\u8f03\u3057\u3066\u3082\u905c\u8272\u306a\u3044\u6570\u5b57\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"955\" height=\"553\" src=\"https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/06\/image-3.png\" alt=\"\" class=\"wp-image-189\" srcset=\"https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/06\/image-3.png 955w, https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/06\/image-3-300x174.png 300w, https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/06\/image-3-768x445.png 768w\" sizes=\"auto, (max-width: 955px) 100vw, 955px\" \/><\/figure>\n<cite>Stanford GSB, Search Fund Study 2024 \u2013 Research Overview<\/cite><\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\">\u58f2\u4e3b\u306e\u30c7\u30fc\u30bf<\/h3>\n\n\n\n<p>\u58f2\u4e3b\u306e\u5e74\u9f62\u4e2d\u592e\u5024\u306f55\u6b73\u3002\u627f\u7d99\u5f8c\u306e\u5f15\u304d\u7d99\u304e\u671f\u9593\u306f\u524d\u56de\u8abf\u67fb\u3067\u306f4\u30f6\u6708\u3060\u3063\u305f\u306e\u306b\u5bfe\u3057\u3001\u76f4\u8fd1\u3067\u306f6\u30f6\u6708\u306b\u4f38\u3073\u3066\u3044\u308b\u3068\u306e\u3053\u3068\u3067\u3059\u300290%\u4ee5\u4e0a\u306e\u30b5\u30fc\u30c1\u30e3\u30fc\u304c\u627f\u7d99\u5f8c\u3082\u58f2\u4e3b\u3068\u826f\u597d\u306a\u95a2\u4fc2\u3092\u7dad\u6301\u3057\u3066\u304a\u308a\u300112%\u304c\u58f2\u4e3b\u3092\u4f1a\u793e\u306b\u7559\u3081\u3066\u304a\u304f\u3053\u3068\u3092\u8003\u3048\u3066\u3044\u308b\u3088\u3046\u3067\u3059\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Exit\u3068\u30ea\u30bf\u30fc\u30f3\u306b\u95a2\u3059\u308b\u8abf\u67fb<\/h2>\n\n\n\n<p>\u3053\u308c\u307e\u3067\u306e<span class=\"rtex-highlighter-0\">\u5317\u7c73\u30c8\u30e9\u30c7\u30a3\u30b7\u30e7\u30ca\u30eb\u578b\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u306e\u7d2f\u8a08IRR\u306f35.1%\u3001ROI\u306f4.5x<\/span>\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002Overall\u306eROI\u306f\u5e74\u3005\u6e1b\u5c11\u50be\u5411\u306b\u3042\u308a\u307e\u3059\u304c\u3053\u308c\u306f\u4e00\u90e8\u306e\u8d85\u30db\u30fc\u30e0\u30e9\u30f3\u6848\u4ef6(asurion\u7b49)\u306b\u3088\u308b\u3068\u3053\u308d\u304c\u5927\u304d\u304f\u3001\u4e0a\u4f4d3\u793e\u3092\u9664\u304f\u3068ROI\u306f3\u500d\u5f37\u306e\u30ec\u30f3\u30b8\u3067\u5b89\u5b9a\u3057\u3066\u63a8\u79fb\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"970\" height=\"490\" src=\"https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/06\/image-4.png\" alt=\"\" class=\"wp-image-192\" srcset=\"https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/06\/image-4.png 970w, https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/06\/image-4-300x152.png 300w, https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/06\/image-4-768x388.png 768w\" sizes=\"auto, (max-width: 970px) 100vw, 970px\" \/><\/figure>\n<cite>Stanford GSB, Search Fund Study 2024 \u2013 Research Overview<\/cite><\/blockquote>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"952\" height=\"480\" src=\"https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/06\/image-5.png\" alt=\"\" class=\"wp-image-193\" srcset=\"https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/06\/image-5.png 952w, https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/06\/image-5-300x151.png 300w, https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/06\/image-5-768x387.png 768w\" sizes=\"auto, (max-width: 952px) 100vw, 952px\" \/><\/figure>\n<cite>Stanford GSB, Search Fund Study 2024 \u2013 Research Overview<\/cite><\/blockquote>\n\n\n\n<p>\u672c\u30ec\u30dd\u30fc\u30c8\u3067\u306f\u4e0b\u56f3\u306e\u3088\u3046\u306b\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u306e\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u3092\u6a39\u5f62\u56f3\u3067\u6574\u7406\u3057\u3066\u3044\u307e\u3059\u3002\u30b5\u30fc\u30c1\u6bb5\u968e\u3067\u7d041\/3\u306e\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u304c\u627f\u7d99\u3067\u304d\u305a\u3001\u627f\u7d99\u306b\u6210\u529f\u3057\u305f\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u30821\/3\u304c\u640d\u5931\u3092\u51fa\u3057\u3066\u3044\u307e\u3059(\u66f4\u306b\u305d\u306e1\/3\u304c\u682a\u5f0f\u3092\u5168\u640d\u3057\u3066\u3044\u307e\u3059)\u3002PE\u6295\u8cc7\u306e\u76ee\u7dda\u3067\u8003\u3048\u308b\u3068\u640d\u5931\u3092\u51fa\u3057\u3066\u3044\u308b\u5272\u5408\u306f\u304b\u306a\u308a\u9ad8\u3044\u5370\u8c61\u3067\u3059\u304c\u3001\u4e00\u65b9\u3067<span class=\"rtex-highlighter-0\">ROI\u30675x\u4ee5\u4e0a\u306e\u30ea\u30bf\u30fc\u30f3\u3092\u51fa\u3059\u512a\u826f\u6848\u4ef6\u3082\u627f\u7d99\u6848\u4ef6\u5168\u4f53\u306e25%\u5b58\u5728(Gain69%\u306e\u3046\u306136%)\u3059\u308b\u305f\u3081\u3001\u3053\u308c\u3089\u306e\u627f\u7d99\u6848\u4ef6\u304c\u5168\u4f53\u306e\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u3092\u727d\u5f15\u3057\u3066\u3044\u308b\u5370\u8c61<\/span>\u3067\u3059\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"594\" src=\"https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/06\/image-6.png\" alt=\"\" class=\"wp-image-194\" srcset=\"https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/06\/image-6.png 1000w, https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/06\/image-6-300x178.png 300w, https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/06\/image-6-768x456.png 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/figure>\n<cite>Stanford GSB, Search Fund Study 2024 \u2013 Research Overview<\/cite><\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\">\u30d1\u30fc\u30c8\u30ca\u30fc\u578b\u306e\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u306b\u3064\u3044\u3066<\/h2>\n\n\n\n<p>\u76f4\u8fd1\u8abf\u67fb\u3067\u306f\u30d1\u30fc\u30c8\u30ca\u30fc\u578b\u306e\u5272\u5408\u306f19%\u306b\u6e1b\u5c11\u3057\u3066\u3044\u307e\u3059\u304c\u3001\u30d1\u30fc\u30c8\u30ca\u30fc\u578b\u306b\u3088\u308b\u7d2f\u8a08IRR\u306f40.5%\u3001\u30b7\u30f3\u30b0\u30eb\u30b5\u30fc\u30c1\u30e3\u30fc\u306b\u3088\u308b\u7d2f\u8a08IRR\u306f30.3%\u3068\u3053\u308c\u307e\u3067\u306e\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u306f\u660e\u78ba\u306b\u30d1\u30fc\u30c8\u30ca\u30fc\u65b9\u306b\u8ecd\u914d\u304c\u4e0a\u304c\u308b\u3088\u3046\u3067\u3059\u3002\u4e00\u65b9\u3067\u30ec\u30dd\u30fc\u30c8\u3067\u306f5x\u4ee5\u4e0a\u306e\u30ea\u30bf\u30fc\u30f3\u3092\u9054\u6210\u3057\u305f\u30b7\u30f3\u30b0\u30eb\u30b5\u30fc\u30c1\u30e3\u30fc\u306e\u5272\u5408\u306f\u5897\u52a0\u3057\u3066\u304a\u308a\u3001\u76f4\u8fd12\u5e74\u306710x\u4ee5\u4e0a\u306e\u30ea\u30bf\u30fc\u30f3\u3092\u9054\u6210\u3057\u305f6\u3064\u306e\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u306e\u3046\u30615\u3064\u306f\u30b7\u30f3\u30b0\u30eb\u30b5\u30fc\u30c1\u30e3\u30fc\u306b\u3088\u308b\u3082\u306e\u3067\u3042\u308b\u305f\u3081\u3001<span class=\"rtex-highlighter-0\">\u4eca\u5f8c\u3082\u30d1\u30fc\u30c8\u30ca\u30fc\u578b\u304c\u6210\u7e3e\u512a\u4f4d\u306a\u50be\u5411\u304c\u7d9a\u304b\u306a\u3044\u53ef\u80fd\u6027\u3082\u793a\u5506<\/span>\u3055\u308c\u3066\u3044\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"951\" height=\"484\" src=\"https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/06\/image-7.png\" alt=\"\" class=\"wp-image-195\" srcset=\"https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/06\/image-7.png 951w, https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/06\/image-7-300x153.png 300w, https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/06\/image-7-768x391.png 768w\" sizes=\"auto, (max-width: 951px) 100vw, 951px\" \/><\/figure>\n<cite>Stanford GSB, Search Fund Study 2024 \u2013 Research Overview<\/cite><\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\">\u30b5\u30fc\u30c1\u30e3\u30fc\u306e\u5831\u916c(\u30a8\u30af\u30a4\u30c6\u30a3+\u7d66\u4e0e)\u306b\u3064\u3044\u3066<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">\u30a8\u30af\u30a4\u30c6\u30a3\u306b\u3088\u308b\u5831\u916c(\u30b9\u30c8\u30c3\u30af\u30aa\u30d7\u30b7\u30e7\u30f3)<\/h3>\n\n\n\n<p>\u30c8\u30e9\u30c7\u30a3\u30b7\u30e7\u30ca\u30eb\u578b\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u306b\u304a\u3051\u308b\u30b5\u30fc\u30c1\u30e3\u30fc\u306f\u30de\u30a4\u30eb\u30b9\u30c8\u30fc\u30f3\u9054\u6210\u306b\u5fdc\u3058\u305f\u30b9\u30c8\u30c3\u30af\u30aa\u30d7\u30b7\u30e7\u30f3(SO)\u3092\u5f97\u308b\u5831\u916c\u8a2d\u8a08\u306b\u306a\u3063\u3066\u3044\u307e\u3059\u304c\u3001\u76f4\u8fd1\u8abf\u67fb\u3067\u306f<span class=\"rtex-highlighter-0\">\u7d4c\u55b6\u4e2d\u306e\u30b5\u30fc\u30c1\u30e3\u30fc1\u4eba\u304c\u5f97\u3089\u308c\u308b\u898b\u8fbc\u307f\u306eSO\u306e\u5e73\u5747\u5024\u306f609\u4e07\u30c9\u30eb(\u7d049.1\u5104\u5186)\u3001\u4e2d\u592e\u5024\u306f198\u4e07\u30c9\u30eb(\u7d043\u5104\u5186)<\/span>\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002Exit\u3057\u305f\u30b5\u30fc\u30c1\u30e3\u30fc1\u4eba\u304c\u5f97\u305fSO\u306e\u5e73\u5747\u5024\u306f570\u4e07\u30c9\u30eb(\u7d048.6\u5104\u5186)\u3001\u4e2d\u592e\u5024\u306f225\u4e07\u30c9\u30eb(\u7d043.4\u5104\u5186)\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"975\" height=\"505\" src=\"https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/06\/image-8.png\" alt=\"\" class=\"wp-image-197\" srcset=\"https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/06\/image-8.png 975w, https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/06\/image-8-300x155.png 300w, https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/06\/image-8-768x398.png 768w\" sizes=\"auto, (max-width: 975px) 100vw, 975px\" \/><\/figure>\n<cite>Stanford GSB, Search Fund Study 2024 \u2013 Research Overview<\/cite><\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\">\u7d66\u4e0e\u306b\u3088\u308b\u5831\u916c<\/h3>\n\n\n\n<p>\u30b5\u30fc\u30c1\u671f\u9593\u4e2d\u306e\u7d66\u4e0e\u306e\u4e2d\u592e\u5024\u306f13.9\u4e07\u30c9\u30eb(\u7d0421\u767e\u4e07\u5186)\u3067\u3001<span class=\"rtex-highlighter-0\">\u30a4\u30f3\u30d5\u30ec\u7b49\u3092\u80cc\u666f\u306b\u524d\u56de\u8abf\u67fb\u6642\u306e12\u4e07\u30c9\u30eb(\u7d0418\u767e\u4e07\u5186)\u304b\u3089\u5897\u52a0\u50be\u5411<\/span>\u306b\u3042\u308a\u307e\u3059\u3002<br>\u627f\u7d99\u5f8c1\u5e74\u76ee\u306eCEO\u7d66\u4e0e\u306e\u4e2d\u592e\u5024\u306f19\u4e07\u30c9\u30eb(\u7d0429\u767e\u4e07\u5186)+\u30bf\u30fc\u30b2\u30c3\u30c8\u30dc\u30fc\u30ca\u30b92.5\u4e07\u30c9\u30eb(\u7d044\u767e\u4e07\u5186)\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"955\" height=\"300\" src=\"https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/06\/image-9.png\" alt=\"\" class=\"wp-image-198\" srcset=\"https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/06\/image-9.png 955w, https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/06\/image-9-300x94.png 300w, https:\/\/searchfund.jp\/wp-content\/uploads\/2024\/06\/image-9-768x241.png 768w\" sizes=\"auto, (max-width: 955px) 100vw, 955px\" \/><\/figure>\n<cite>Stanford GSB, Search Fund Study 2024 \u2013 Research Overview<\/cite><\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\">\u307e\u3068\u3081<\/h2>\n\n\n\n<p>\u30fb\u5317\u7c73\u306b\u304a\u3051\u308b\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u30a8\u30b3\u30b7\u30b9\u30c6\u30e0\u306f\u62e1\u5927\u4e2d\u306a\u308b\u3082\u3001\u30b5\u30fc\u30c1\u30e3\u30fc\u306b\u3068\u3063\u3066\u306f\u53b3\u3057\u3044\u627f\u7d99\u74b0\u5883<br>\u30fbMBA\u3092\u4e2d\u5fc3\u306bETA\u306e\u6388\u696d\u304c\u6d3b\u767a\u5316\u3057\u3001Post MBA\u30ad\u30e3\u30ea\u30a2\u3068\u3057\u3066\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u3092\u9078\u629e\u3059\u308b\u5272\u5408\u304c\u5897\u52a0<br>\u30fb\u627f\u7d99\u5148\u306f\u30b5\u30fc\u30d3\u30b9\u7cfb\u3001Tech\u7cfb\u304c\u4eba\u6c17\u306a\u4e00\u65b9\u3001\u30bd\u30d5\u30c8\u30a6\u30a7\u30a2\u7cfb\u306f\u5927\u304d\u304f\u6e1b\u5c11<br>\u30fb\u9ad8\u3044\u6210\u9577\u7387\u3092\u6301\u3064\u9ad8\u53ce\u76ca\u4f01\u696d\u3092high valuation\u3067\u627f\u7d99\u3059\u308b\u3068\u3044\u3046\u306e\u304c\u5317\u7c73\u306b\u304a\u3051\u308b\u30b9\u30bf\u30f3\u30c0\u30fc\u30c9\u306b\u306a\u3063\u3066\u3044\u308b<br>\u30fb\u5317\u7c73\u30c8\u30e9\u30c7\u30a3\u30b7\u30e7\u30ca\u30eb\u578b\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u306e\u7d2f\u8a08IRR\u306f35.1%\u3001ROI\u306f4.5x\u3068\u4f9d\u7136\u9ad8\u3044\u6c34\u6e96\u306e\u30ea\u30bf\u30fc\u30f3\u3092\u7dad\u6301<br>\u30fb\u627f\u7d99\u6848\u4ef6\u306e\u3046\u30611\/3\u304c\u640d\u5931\u3092\u51fa\u3059\u3068\u3044\u3046PE\u6295\u8cc7\u3068\u3057\u3066\u306f\u9ad8\u3044\u5272\u5408\u3067\u640d\u5931\u3092\u51fa\u3057\u3066\u3044\u308b\u304c\u3001ROI\u304c5x\u4ee5\u4e0a\u306e\u6848\u4ef6\u3082\u591a\u304f\u3053\u308c\u3089\u306e\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u306b\u3088\u3063\u3066\u5168\u4f53\u3067\u9ad8\u3044\u30ea\u30bf\u30fc\u30f3\u3092\u7dad\u6301\u3057\u3066\u3044\u308b<br>\u30fb\u30d1\u30fc\u30c8\u30ca\u30fc\u578b\u306e\u6210\u7e3e\u304c\u30b7\u30f3\u30b0\u30eb\u30b5\u30fc\u30c1\u30e3\u30fc\u3088\u308a\u3082\u512a\u4f4d\u3060\u304c\u3001\u8fd1\u5e74\u306f\u30b7\u30f3\u30b0\u30eb\u30b5\u30fc\u30c1\u30e3\u30fc\u304c\u6539\u5584\u50be\u5411\u306b\u3042\u308b<br>\u30fb\u30b5\u30fc\u30c1\u30e3\u30fc\u306eSO\u671f\u5f85\u5024\u306f\u9b45\u529b\u7684\u306a\u6c34\u6e96\u4e14\u3064\u7d66\u4e0e\u5831\u916c\u3082\u9ad8\u3044\u6c34\u6e96\u3092\u7dad\u6301<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stanford GSB\u304c6\u670828\u65e5\u4ed8\u30672\u5e74\u3076\u308a\u306e\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9\u30ec\u30dd\u30fc\u30c8\u3068\u306a\u308b2024 Search Fund Study\u3092\u516c\u958b\u3057\u307e\u3057\u305f\u3002\u30ec\u30dd\u30fc\u30c8\u306f\u3053\u3061\u3089\u306eURL\u304b\u3089\u3069\u306a\u305f\u3067\u3082\u7121\u6599\u3067DL\u3067\u304d\u307e\u3059\u306e\u3067\u3001\u539f\u6587\u304c\u6c17\u306b\u306a\u308b\u65b9\u306f\u305c [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":191,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,7],"tags":[],"class_list":["post-185","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-essential","category-international"],"_links":{"self":[{"href":"https:\/\/searchfund.jp\/index.php?rest_route=\/wp\/v2\/posts\/185","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/searchfund.jp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/searchfund.jp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/searchfund.jp\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/searchfund.jp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=185"}],"version-history":[{"count":9,"href":"https:\/\/searchfund.jp\/index.php?rest_route=\/wp\/v2\/posts\/185\/revisions"}],"predecessor-version":[{"id":223,"href":"https:\/\/searchfund.jp\/index.php?rest_route=\/wp\/v2\/posts\/185\/revisions\/223"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/searchfund.jp\/index.php?rest_route=\/wp\/v2\/media\/191"}],"wp:attachment":[{"href":"https:\/\/searchfund.jp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/searchfund.jp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/searchfund.jp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}