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<span class="basic_member_name">Al Gambetti</span>
Al Gambetti
Principal
Portland, Oregon
Biztalk » Business networking tips and resources »
Posted by Al Gambetti, Portland, Oregon | Apr 16, 2009

Subscribe to Business networking tips and resources Need Assisstance Venture Capital, Grant Writing, Code Writing.

I have been brought in as CFO for Natioanl Security Corp.(NSC) and COO for the BOSS Division.

For the past decade the company has been the marketer of off the shelf cellular and security devices and systems. Three years ago NSC development a Biometric product called BOSS. The BOSS has many applications and serves many Homeland Seurity needs. I worked with Congress and the Homeland Security Committee and have 12B in the stimulus package for the purchase of our product.

The BOSS was Beta Tested in Southern California (see www.safeyellowbus.com for which you can see all the media attention, the product in use, and the many applications for the BOSS). We hold patents and application patents for the US, UE, and Asia.

I am moving the BOSS Division of the company to Portland, OR. We have invested 1M in BOSS's development. We need another 1.2M. We have 20M in committed sales. Clients are now receiving Federal money for the purchase of our product.

Our need: Help in writing additional computer code, helping in working with VC, Angels, and our SBA lender, and last grant writer so we can tap into the 14 grants, two of which are for us, so we can finish our second/final BETA Test and begin product delivery and installations.


3 Bizniks have posted replies

  • ,,, , ;.;.;.;.
    Posted by ,,, , ;.;.;.;., llllllllllllllllllll, Pennsylvania | Jun 11, 2009

    Hello Al! I was wondering if you are still in need of financing with your current projects. Is VC, Angels, SBA your only source of financing? If you are still looking for help I might be of some assistance.

  • kevin kemper
    Posted by kevin kemper, phoenix, Arizona | Jun 22, 2009

    what is your verified success rate in procuring VC for anyone?

    in 36 yrs of doing due diligence on brokers for VC, not one has found a penny or proven they have. IF you are willing to prove it, I have clients for you.

  • Biznik Community Tech Support
    Posted by Biznik Community Tech Support, Seattle, Washington | Jun 26, 2009

    Hey Al. Sounds like you have a heck of a product there.

    I developed something similar in Croatia that was used in delivery vans. It tracked the location and speed of each van, when the doors were open (lots of theft in the Balkans), etc.

    Our venture capital came through people that were involved in Eastern European investment.

    Since your product could be useful for anyone with any sort of vehicle fleet, you might skip the VC angle, and find a partner like UPS, or something. Develop it with them, for them, and then create a "generalized" version for the mass market.

    That ensures that you and the funding source are both on the same page, have the same goals, and are heavily invested in the success of the project.

    VC's get easily distracted, and often have big promises and little follow through. (Read Guy Kawasaki's "Reality Check" for a scary inside view of the VC's twisted little mind...!)

    Find a partner that is invested in the success of the product, rather than making money, and you have found the path forward.

    (Another thought: The state of Oregon has one of the higher unemployment rates in the USA, but a very tech-savvy population in Portland and east towards Hillsboro. It may be the state of Oregon could be that first partner.... gives them jobs, tech, and publicity....)

    Contact me for Biznik support!

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