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Come learn from one local entrepreneur his secrets of success from raising capital to an exit plan. Building a technology company in this challenging economy is no easy task, though the process isn't rocket science.
Don Brady is the President and CEO of Impact Sports Technologies, Inc., a company he launched in October 2004 a start -up company that has designed, developed and taken to market the world’s first continuous heart rate monitor that can be used during exercise activity without the need for a chest belt and special watch.
WEDNESDAY, August 18, 2010 11:30 AM – 1:20 PM
CILI RESTAURANT 5160 LAS VEGAS BLVD. S.
Members pay $30 with Reservations by Deadline and $35 After the Deadline
Everyone else pays $40 with Reservations by Deadline and $45 After the Deadline or at the Door
Walk-ins are welcome however, there is no guarantee space will be available.
Reservation Deadline: 5:00 pm, Monday, August 16, 2010
FOR INFORMATION CALL: (702) 608.2210 or EMAIL
info@tban.us
About our Speaker
Don Brady
President and CEO
Impact Sports Technologies, Inc.
Don is the President and CEO of Impact Sports Technologies, Inc., a company he launched in October 2004 a start -up company that has designed, developed and taken to market the world's first continuous heart rate monitor that can be used during exercise activity without the need for a chest belt and special watch.
Before looking for outside financing, he put $20,000 of his own money in the business and was able to get five successful months under his belt before he looked for an angel.
He had met with angel investors earlier and reached each milestone on a mutually agreed-upon list before the investment took place. After the investment was made, his angel backers had a significant minority stake in the company. Brady says he was satisfied with the way the process worked out. "It was fair, comprehensive and thorough."
Don Brady says the process to obtain financing is simple. The founder and chief executive officer of Impact Sports Technologies, Inc., has developed sports related consumer products that shows the user's heart rate and calories burned on the back of the hand.
Brady attributed that early success to advanced research among sports retailers to determine whether they would peddle the products. Also important, he said, was the early development of an employee base and management team that included a patent attorney, a chief financial officer and other staff members who agreed to work only for stock in the company in its early days. Finally, Impact Sports Technologies, Inc., created a prototype to see if the concept would work.
"The lesson is, if you do the right preparation, if you have a team with the right experience and you have a viable product with bona fides from the industry, then you have a good story to tell investors," says Brady.
Impact Sports Technologies, Inc., now has offices in Las Vegas and San Diego. The company is on the cutting edge of fitness technology, providing athletes and health-conscious individuals with innovative products.
Brady is a former career naval intelligence officer and has extensive experience in the technology sector, having worked for Unisys, Scientific Atlanta, SAIC and Transcore where, among other programs, he was responsible for conceptualizing, designing and deploying the nation's first electronic border crossings, and designing and deploying the first Variable Pricing High Occupancy Toll lanes, in San Diego.
Brady's start up experience began in 2001 as Vice President of Sales and Marketing for Networkcar, an automotive telematics company. He left Networkcar after its acquisition to found Impact Sports Technologies.
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