Every engagement is priced as a fixed fee and agreed in writing before work starts. You get full analyst capacity when a deal needs it, and pay nothing when it doesn't.
Most clients start with a pilot, then move to deal packages or ongoing support once the fit is proven.
From $1,000
Typically 1 to 2 weeks
One defined piece of work, so you can test the fit with no commitment.
From $3,500
Timed to your deal calendar
Several workstreams on a single live deal, delivered by one analyst who knows the whole file.
Monthly
Quoted on scope · month to month
A standing research and analytics capacity for teams with steady deal flow.
Indicative starting points for a single workstream. Lighter scopes sit at the lower end; modeling-heavy or multi-service work costs more. Every quote is fixed before work begins.
| Service | Typical Deliverables | From |
|---|---|---|
| Deal Sourcing & Origination | Target universe, tiered target list, verified founder and decision-maker contacts | $1,000 |
| Screening & Preliminary Analysis | CIM review, screening scorecard, shortlist against your criteria | $1,000 |
| Market & Industry Research | Bottom-up TAM/SAM/SOM, industry structure, competitive landscape map | $1,500 |
| Financial Modeling & Valuation | Comps and precedents, three-statement, LBO and DCF models with sensitivities | $1,500 |
| Due Diligence Support | Normalized EBITDA bridge, revenue quality analysis, data room review, red-flag memo | $2,500 |
| Investment Memos & IC Materials | Investment memo, supporting exhibits, IC presentation in your format | $2,000 |
Prices in US dollars. Deals with tight deadlines or unusual complexity are quoted individually.
A full-time analyst is a fixed cost whether or not there is a live deal. HSM Strategic is a variable cost that matches your deal flow.
| In-House Analyst | HSM Strategic | |
|---|---|---|
| Cost Structure | Fixed salary + benefits, year-round | Fixed fee, per engagement |
| Ramp-Up | Weeks to months before productive | Live on a defined workstream within days |
| Idle Cost Between Deals | Full salary continues | Zero |
| Commitment | Full-time hire | Start with one pilot workstream |
| Who Does the Work | Depends who you hire | The founder, directly, on every engagement |
Adjust the assumptions to your own market and deal flow. This estimates the gap between a full-time analyst hire and engaging HSM Strategic only when a deal is live.
20 minutes to agree on the question, the deliverable and the deadline. No charge.
A short engagement letter with the scope, the fee, the delivery date and the payment terms. An NDA is signed before anything is shared.
Work delivered in your formats: Excel with live formulas, Word or PDF memos, PowerPoint exhibits.
If the scope changes, we agree it in writing before doing extra work.
No. Every engagement has a fixed fee agreed in writing before work starts.
Single workstreams start at $1,000, for example a comp set, a screening pass or a bottom-up market sizing.
We flag it as soon as we see it and agree any change in writing before doing extra work. You will not receive an invoice you did not expect.
Payment terms are set out in a short engagement letter before work begins. International bank transfer and common business payment platforms are supported.
Yes. Most clients start with a single fixed-fee pilot workstream, usually delivered in one to two weeks, before committing to anything larger.
No. Embedded support runs month to month with a defined scope, so you can scale up, down or pause as deal flow changes.
More questions? See the full FAQ.
Tell us about the deal and what you need. You'll have a written scope and price within one business day.
Get in Touch