In this episode, Austin Settle and Claire Nesler share how they approached structuring their search, building platforms, and navigating the complexities of scaling across multiple locations. They discuss how they selected their focus areas, med spas and physiotherapy, and walk through different approaches to capital structure, including longer-duration and more flexible models. Along the way, they explore the tradeoffs between committed capital and shorter-term funds, and how these choices shape growth strategy, operations, and exit considerations.