Round two on Search Funded, the ETA Podcast
Fresh off Moonbase Capital’s first close of €5M, Ibrahim and his brother and co-founder Khaled Abdel Rahim returned to Search Funded: The ETA Podcast, host Nick Lall’s show built around interviews with acquisition entrepreneurs and investors to distill best practices for acquiring and operating established businesses. It was their second appearance on the show — a return visit that let them speak candidly about what had actually changed since their first conversation, rather than introducing the search fund model from scratch.
The two brothers used the episode to share concrete updates on Moonbase Capital’s progress: what the €5M close meant for the firm’s ability to back searchers, how the portfolio and the team had grown, and what they’d learned in practice that they hadn’t fully anticipated when they were still raising. For listeners tracking Moonbase’s journey episode to episode, it offered a rare before-and-after view of an emerging search fund investor scaling in real time.
If you’d like to listen to the full conversation, you can find the podcast at the link below.
Key takeaways
- A first close changes the conversation. Moving from “here’s our thesis” to “here’s what €5M in committed capital lets us actually do” marked a real shift in how Ibrahim and Khaled could talk about Moonbase’s plans.
- Sibling co-founders bring a different dynamic on air. With both brothers on the mic, the episode captured two perspectives on the same milestones — useful for listeners weighing whether to build a fund with a co-founder of their own.
- Return guests get to skip the 101. Because the audience already knew the search fund basics from Ibrahim’s first appearance, round two could go straight into what had changed and what came next.
- Momentum is its own kind of proof. For an audience of prospective searchers and investors, hearing a firm actually hit a funding milestone does more to build credibility than any pitch could.