Eagle Ventures provides its clients with three basic types of
services: fundraising coaching, strategic business advice
and equity fundraising.
The first, fundraising coaching, is based upon the 35 years
of experience of Eagle's principal, Mel Pirchesky. Along with
his many years of reviewing and structuring deals, Mel has personally
raised over $45 million of equity solely from high net worth
individuals.
Eagle closely works with its clients in helping them articulate
their value proposition. Mel takes a continual improvement process
approach. This involves as many as ten or twenty iterations of
their written executive summary, along with dozens of modifications
to the oral articulation of their opportunity. Mel's approach
is to initially have new clients send him a written copy of their
business plan summary, which serves as the first of several iterations.
The final iteration of his client’s value proposition occurs
when the last dollar of equity is raised. Eagle charges a flat
retainer for this service, paid for with both stock in the client’s
venture and with cash.
Mel also provides his clients with both strategic business advice
and with related recommendations on tactical implementation.
Without effective execution, the best strategic advice is useless.
The third service Eagle provides its clients applies in those
situations where Mel’s consulting work results in him "falling
in love" with the opportunity. If and when that occurs, Mel will
take on an engagement to raise equity. The fee for this service
is usually contingent on the results, and again, paid for with
both stock in the venture and with cash.
Eagle’s focus is on smaller companies, generally at earlier
stages of their development, or, at times, when later-stage companies
are looking to expand. Mel looks for smaller companies that have
extraordinary entrepreneurial opportunities, particularly companies
that are, or might become, manufacturing companies in niches
that Mel or his partners are familiar with.
Mel's clients are concentrated in the Pittsburgh area with some
in the Pittsburgh-to-Erie corridor of western Pennsylvania/eastern
Ohio. |