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Vault Startup School has partnered with TAI to bring this Fireside Chat to TechBrew!
Enjoy the usual fair of drinks and appetizers at the famed TechBrew starting at 5pm, and then hear from Serial Entrepreneur and Vault Member Ben Anderson, founder of Bandwidth Pool. Ben will be sharing his startup stories and lessons learned with the group in an effort to help other local entrepreneurs learn from his experience. Hear Ben's story of founding his first company, the up's and down's on the entrepreneurial roller coaster, tips for raising money and some do's and don'ts for success. Following his story, attendees will have the opportunity to engage with some Q&A and more socializing.
About Tech Brew
The TAI TechBrew event is an informal gathering that brings entrepreneurs, technologists, business people and funders together to talk over a beer (aka “Lubricated Serendipity”).
Whether rain or shine, ice or snow, you can count on these entrepreneurial mixers to be held like clockwork in Cedar Falls/Waterloo, Spencer, Des Moines, Mason City/Clear Lake, Cedar Rapids, Iowa City and Ames. Cocktails and networking begin at 5 pm, and the first drink is always on us!
About Ben Anderson and Bandwidth Pool
Ben started his first company, X-Wires, while attending college at the University of Iowa. Over the next ten years, X-Wires grew to become a successful business that was eventually acquired by a publicly traded company. Over those years, Ben gained valuable insight to how the Internet service provider business worked and discovered an opportunity for a new business model, creating Bandwidth Pool.
Vault Startup School presents an in-depth insight into the process of building and scaling a business, raising money through seed and venture capital and state sponsored funds, like the Iowa Demonstration Fund.
During his time building X-Wires, Ben learned valuable lessons about raising money and scaling a business that has proved valuable to his current venture. Ben decided that instead of raising money in exchange for equity in his company, he would apply for the Iowa Demonstration Fund and use funds from a low interest loan to help grow his business. In June of this year, Ben was awarded $100,000 from the Fund and is now using it to grow Bandwidth Pool.
This session will focus on the dynamics of that decision and then the process by which Ben prepared his business to apply for the Demonstration Fund and why he chose this route as a way to fund his business.
Upcoming deadlines for submission's to apply for the Iowa Demonstration Fund is December 5th to be considered for funding in January 2014. If you are looking into this option as a funding source, you will want to attend this session. In addition, Ben will shed some light on his other experiences raising capital and some do's and don'ts associated with them.
Whether you are looking to raise funds for your business or not, this session will provide one-on-one access with one of the most successful young entrepreneurs in the region. In addition to Bandwidth Pool, Ben also serves on the JPEC Alumni Board, which is focused on mentoring, advancing entrepreneurship and increasing connectivity amongst Iowa JPEC Alumni, as well as other non-profit and volunteer organizations.
Brian Waller from the Iowa Economic Development Authority presents a $100,000 check to Ben Anderson as part of the Iowa Demonstration Fund.