Acquiring an existing company has lower risks than starting your own business.
The way Coley Andrews sees it, there are two breeds of entrepreneurs. Some love the thrill of a startup; they’re passionate about nurturing ideas and products that no one has seen before. Others care less about the kind of product or service; but instead love the idea of acquiring an existing small business and growing it to its full potential.
Andrews and his fellow investors like to put their money behind the second type.