What distinguishes a self-funded search in the context of ETA?

In the context of Entrepreneurial Through Acquisition (ETA), self-funded searches are characterized by the entrepreneur's decision to finance the acquisition process without relying on external investor capital. This financial independence significantly allows the entrepreneur to retain a greater share of ownership in the acquired company.

When an entrepreneur self-funds their search, they typically use personal savings or secure a loan, which means they do not have to dilute their equity by bringing in outside investors. This aspect is crucial for many entrepreneurs who wish to maintain control over the direction and management of the business post-acquisition.

The other options do not capture the essence of a self-funded search accurately. For instance, option A incorrectly suggests that external investor capital is needed, which contradicts the definition of a self-funded approach. Option C suggests a limitation to technology startups, which is not accurate since self-funded searches can encompass various industries. Option D mentions the hiring of a professional search firm, which implies reliance on additional resources rather than the self-sufficient nature of a self-funded search. Therefore, the core characteristic of maintaining more ownership is what clearly distinguishes this approach in the ETA landscape.