University of Pittsburgh

Randy Eager

Randy has almost 30 years of successful start-up, product commercialization, and management experience in a wide range of companies and industries. In two years as CEO of his third start-up and second CMU spin-off, ATRP Solutions, he raised $1.5M, took the company from prototype to 12 beta sites and a distribution agreement. This advanced materials company invents new molecules and utilizes contract manufacturers to produce unique polymeric ingredients for several industries.

Prior to ATRP Solutions, Randy led an investment in ATRP Solutions while an Executive in Residence at Innovation Works, where he worked with the management teams of start-up technology companies to identify and address critical business issues. He led investments in 15 companies, all of which have raised additional capital and have introduced products.

Prior to Innovation Works, Randy co-founded his second company, DesignAdvance Systems, a CMU spin-off that he led as CEO from company inception to successfully raising over $7 million, building a team, and securing contracts from Cisco, Intel, Motorola, and Apple, all in less than 2 years. DesignAdvance produced Electronic Design Automation (EDA) software and was acquired by its North American distributor.

Prior to DesignAdvance, Randy was a Licensing Officer at CMU, where he licensed technology to industry and worked with Carnegie Mellon faculty to spin companies out of the university.

He has also spent four years as a management consultant at General Management Technologies, where he focused on developing strategic plans for divisional presidents of Fortune 1,000 companies including Master Lock, Coleman, and Sunbeam.

Prior to GMT, Randy spent seven years building a small business unit for BASF Corporation; he introduced a new polymer to the North American market and grew it to $17 million in annual revenue. This included building a small team and two manufacturing facilities. While at BASF, he lived and worked at the corporate headquarters in Germany for the first year.

Randy took on the VP of Sales and Marketing role in his first start-up in Boston called Tri-Tech following the BASF experience. Tri-Tech was also a specialty polymer business that addressed a market need that BASF was ignoring.

Randy has a bachelor's degree in Packaging Engineering from Michigan State and an MBA from the University of Pittsburgh's Katz School.