This case follows Thomas Coughlin and Evan Stern, the new owners of Compass Ventures, through the process of 1) launching a search fund, 2) acquiring two companies in the autism services space and 3) navigating a handful of management issues as new operators. It explores several issues, including rectifying a damaged relationship with one of the sellers, supporting an employee foundering with the responsibilities of her new role, and managing a growing conflict between two employees with different professional backgrounds and working styles.