New Majority Capital
At a Glance
The clearest published audience match on this shelf and the least published price. Ask what the capital costs before the intake form, because everything else about the fit is already on the page.
- Pricing
- Custom Pricing, Nothing is published about what the capital costs a searcher. Its own pages say NMC Fund I 'will provide 100% of non-extractive financing for NMC Fellows, allowing you to own 100% of your business through a time-vested schedule', and that diligence costs may be covered at zero per cent interest, but no equity share, carry, fee or vesting period appears anywhere. The accelerator is free to the fellow, with hotels and meals covered for in-person sessions and travel at the fellow's own cost.
- Best For
- A self-funded searcher who will be the majority owner and run the business day to day, buying at half a million dollars of EBITDA or more inside the United States
- Track Record
- Its investor page counts ten funded acquisitions and $1.79 million deployed, with 64 per cent of them qualifying as low-to-moderate income. The same page describes the fund as still being raised, and the two statements are never reconciled.
- Lane
- Self-Funded
- Funds
- The deal only
- First-Time Operators
- Says in its own words that it backs people running a company for the first time.
- Based
- United States only, in its own words, and industry agnostic apart from retail, restaurants and standalone real estate. Its own contact block puts it at 225 Dyer Street in Providence, Rhode Island.
- Invests
- Publishes no investing scope; worth asking directly.
- Buys
- Self-funded searchers who will be the majority owner and run the business day to day, buying at half a million dollars of EBITDA or more. It refuses a traditional search and a holdco owner hiring a chief executive for a minority share, both in writing.
- Published Terms
- Published in kind and not in numbers. The fund is described as providing all of the financing, with the fellow owning all of the business on a time-vested schedule, and diligence costs may be advanced at zero per cent interest. No equity share, carry, fee or vesting period is stated anywhere on the site.
- What A Searcher Gets
- Not published on the pages this review read. It is the figure a searcher most wants and most of this shelf does not print it, so ask before the first call rather than after.
- Roadmap Stages
- 3. Set Up & Fund the Search
Pros and Cons
Pros
- Publishes the size band it funds, half a million dollars of EBITDA and up, which is this site's own audience range rather than the range most funds publish
- Refuses the wrong buyers in writing: not a traditional search, and not a holdco owner who will hire a chief executive for a minority share
- Advances diligence costs at zero per cent interest, a term almost nothing else on this shelf publishes
- Names portfolio companies one at a time in a dated newsroom, and says plainly that no MBA or prior entrepreneurship is required
Cons
- What the capital costs is not published anywhere: no equity share, no carry, no fee and no vesting period, only that a fellow ends owning all of it
- The fund is described on one page as still being raised while another counts ten funded acquisitions and 1.79 million dollars deployed, and the two are never reconciled
- That deployment averages under a hundred and eighty thousand dollars an acquisition, which is gap capital rather than acquisition equity, and the site does not say which it is
- The accelerator states outright that taking part guarantees no fellow any funding
What Searchers Say
Read entirely from its own pages: the fund page, the entrepreneurs page and its FAQ, the concierge page and the newsroom. It appeared first as a program on the job board and as an unresolved candidate from an archive round, and the same firm answers both.
How to Approach
Firms do not publish a term sheet you can prepare against, so this is how self-funded search capital comes in, what it weighs, and how to arrive ready.
The Typical Arc
- No conversation until you have a deal: gap capital comes in at the LOI, not before.
- A fast read on the specific target and your underwrite.
- An equity check to close the gap the loan and your own injection leave.
What It Weighs
- The deal itself: is the business financeable and fairly priced.
- Your underwrite, since there is no search track record to lean on.
- How much of the equity gap actually remains after the loan and your own cash.
How to Prepare
- Underwrite the specific deal end to end before you call. Underwrite a Deal
- Size the gap: sources and uses against what a lender and seller accept. Sources & Uses Builder
- Know your own number first. SBA Acquisition Calculator