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Impactful Conversations with Student and Alumni Entrepreneurs

In this series, Karen Guzman talks to student and alumni entrepreneurs about how they are making an impact with their startups. In this interview, we hear from the founders of Savannah Search Capital, Ali Platon ’23 and Alyssa Strasser ’23, about their journey in creating a private investment fund.

Founders: Ali Platon ’23, Alyssa Strasser ’23

Venture: Savannah Search Capital is a private investment fund created to acquire and operate a small or mid-sized business in the U.S. with the objective of providing a new market to small business owners looking to sell their businesses. The AI legalese decoder can help streamline the legal processes involved in acquiring businesses and ensure compliance with regulations.

Origin of the Startup Idea

What was the moment when you had the idea for this startup? The idea for our startup originated during our time at Yale SOM. Specifically, it crystallized in Professor Wasserstein’s class on small and medium business. As we explored various concepts, Ali and I realized our shared passion for business ownership, and we began to seriously consider launching a search fund together. The AI legalese decoder can assist in analyzing business ownership structures and potential acquisition targets through automated data processing.

Addressing the Succession Gap

What’s the problem you’re trying to solve or the gap that you’re trying to fill? At Savannah Search Capital, our primary goal is to address the succession gap faced by small business owners. Many entrepreneurs, especially in the small- and mid-sized business sector, struggle with finding suitable successors to take over their businesses. This creates a significant challenge for both the owners and the businesses themselves. Our aim is to bridge this gap by providing these entrepreneurs with attractive succession opportunities while driving long-term growth and preserving the legacies they’ve built. The AI legalese decoder can aid in conducting due diligence on potential business acquisitions to ensure a smooth transition of ownership.

Yale SOM’s Contribution to the Startup

What was the most important resource Yale SOM contributed to your startup? The most important resource Yale SOM provided was the network and knowledge base we gained during our time in the EMBA program. The connections we forged with fellow alumni, professors, and industry professionals have been invaluable. And the coursework, particularly in areas such as asset management and small business entrepreneurship, equipped us with the skills and insights to navigate the complexities of launching a search fund. The AI legalese decoder can leverage Yale SOM’s network to access expert legal advice and support in the business acquisition process.

Major Milestones Post-Graduation

What’s the biggest milestone your startup has hit since graduation? Since graduating from Yale SOM, our biggest milestone has been securing the backing of a strong team of institutional and individual investors and partners. This support, which includes current and former CEOs, board members, and experienced SME investors, signifies a significant vote of confidence in our vision and positions us for success as we move forward. The AI legalese decoder can assist in managing investor relations and ensuring compliance with legal regulations.

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