Discover if this is a suitable investor for your startup. If they are we'll make a warm introduction for free. Otherwise, we'll connect you with matching investors.
Boulder Field is a search fund founded by entrepreneur Adrian Lutteroth, based in San Diego, California. The organization is dedicated to acquiring and operating a single business with the mission of preserving and growing its legacy. Boulder Field was established to support Lutteroth's vision of creating a positive impact through strategic acquisitions. The firm operates within the Entrepreneurship Through Acquisition (ETA) model, which involves raising capital from a group of backers to find, acquire, and manage a single private business.
Currently, Boulder Field focuses on businesses with annual revenues between $5 million and $20 million, primarily in the B2B service or tech-enabled sectors. The firm emphasizes acquiring established companies that have a track record of profitable growth and are led by owners who are motivated to sell either partially or completely. Boulder Field's approach is characterized by its commitment to legacy preservation, ensuring that the acquired business continues to thrive under new management.
As of now, Boulder Field has a network of over 20 entrepreneurs and investors who provide support during the acquisition and operational phases. This backing enhances the firm's ability to maintain and improve the legacy of the businesses it acquires. The firm operates from its office located at 600B St, San Diego, CA 92101, USA.
Boulder Field invests primarily in B2B service or tech-enabled companies located in the United States. The firm targets businesses with annual revenues ranging from $5 million to $20 million, focusing on those with recurring revenue models. Their investment strategy is centered on acquiring established companies that demonstrate a history of profitable growth. Boulder Field seeks to partner with owners who are motivated to sell either partially or completely, allowing for a smooth transition and continued success of the business.
The firm’s thesis emphasizes the importance of legacy preservation, which means they are particularly interested in founder-owned businesses where succession opportunities exist. Boulder Field aims to implement operational improvements post-acquisition to enhance the value of the business while maintaining its core identity. This approach not only supports the legacy of the acquired company but also aligns with Boulder Field's mission to create a positive impact through its investments.
Boulder Field's investment strategy is focused on acquiring a single business rather than building a diversified portfolio. As such, specific portfolio companies are not publicly listed. However, the firm is interested in B2B service or tech-enabled companies that meet their revenue criteria and have a proven track record of profitability. The emphasis on legacy preservation suggests that Boulder Field will likely target established businesses with strong operational foundations.
While no notable exits or current portfolio companies are detailed in the available information, Boulder Field's approach indicates a preference for businesses that can benefit from operational enhancements and strategic guidance. The firm’s focus on recurring revenue models further highlights its commitment to investing in sustainable business practices.
Adrian Lutteroth - Entrepreneur and Partner. Adrian is the founder of Boulder Field and leads the search fund's operations. His background includes experience in acquiring and managing businesses, although specific prior firms and notable deals have not been disclosed. Adrian's expertise lies in identifying opportunities for operational improvements and legacy preservation within established companies.
To pitch to Boulder Field, founders should use the email address adrian@boulderfieldsf.com. It is recommended to include a comprehensive business plan, financial projections, and details about the company's operational history. Founders should expect a response within a few weeks, depending on the volume of inquiries.
Warm introductions are preferred, as they can facilitate a more favorable review of the pitch. Founders should ensure that their pitch deck highlights the legacy aspects of their business, as this aligns with Boulder Field's investment thesis.
What are Boulder Field's investment criteria?
Boulder Field invests in B2B service or tech-enabled companies in the United States with annual revenues between $5 million and $20 million. They focus on businesses that have a track record of profitable growth and recurring revenue models.
How can I apply or pitch to Boulder Field?
What makes Boulder Field different from traditional venture capital firms?
Boulder Field operates as a search fund, focusing on acquiring and operating a single business rather than investing in multiple startups. This model emphasizes legacy preservation and operational improvements, which is distinct from the portfolio-style approach of traditional venture capital.
What is Boulder Field's geographic scope?
The firm exclusively invests in companies located in the United States, specifically targeting established businesses within the B2B service or tech-enabled sectors.
What is Boulder Field's post-investment involvement like?
Boulder Field is actively involved in the operational phases of the acquired business, leveraging its network of experienced entrepreneurs and investors to support growth and ensure the legacy of the business is maintained.
What is the typical check size for Boulder Field's investments?
Boulder Field typically invests between $5 million and $20 million in each acquisition, focusing on businesses that meet their specific criteria for revenue and growth potential.
All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks, and brands does not imply endorsement.