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The Tech Entrepreneur - Replay

Saturday, August 30, 2014 at 11am

Download BUSINESS HOUR of MYOB Here

GUEST:

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Bernd Shoner
Co Founder
ThingMagic
Author, Speaker

The Tech Entrepreneur3d-book

Be a Tech Entrepreneur -

As a graduate of the MIT Media Laboratory Bernd Schoner cofounded ThingMagic, a tech startup focused on RFID. Ten years later the business was bought by Trimble Navigation, a multimillion dollar public technology company where he now serves as VP of Business Development. Over his ten years at ThingMagic Bernd learned all of the business lessons they don’t teach in engineering school.

Bernd Schoner grew up in a small Franconian town in Germany. Despite his passion for music, gymnastics, philosophy, and opera, Bernd went on to study engineering. He made peace with his professional decision when it allowed him to travel afar, attend inspiring schools all over the world, and ultimately become a high-tech entrepreneur.

As a research assistant at the MIT Media Laboratory, Bernd worked in Neil Gershenfeld’s Physics and Media Group and the Things-That-Think research consortium. His main research focused on machine-learning techniques to model string instruments, with the ultimate goal of building a digital Stradivarius. Bernd applied the modeling techniques in a variety of commercial and artistic applications, creating unique applications, such as a digital marching cello and a giant polyphonic floorboard for the Flying Karamazov Brothers. He has authored and coauthored numerous academic papers, articles, and patents both during and since his years at MIT.

In the fall of 2000, right at the beginning of the dot-com bust, Bernd and four of his MIT colleagues cofounded ThingMagic, LCC, in a garage not far from MIT. Initially, ThingMagic was a technology development and prototyping firm, but it soon focused on the development of RFID reader technology. As a managing partner, Bernd organized and led the initial setup of the company, managed its financials, and acquired much needed customer projects to fund the operation.

In 2005, after five years of bootstrapping, ThingMagic converted itself into a C-Corporation, hired a full-time CEO, attracted more than $20 million in venture capital investments, and completed its transformation into an RFID product company. It was fueled by mandates to use the technology in the retail supply chain. The RFID marketplace was booming, and investors, users, and vendors alike were fully expecting to make millions . . . until it became clear that few customers were actually buying RFID. ThingMagic buckled down, shrank, and survived the RFID crisis as well as the world economic crisis that followed soon thereafter. As ThingMagic’s president, Bernd managed product development, then manufacturing, and finally business development, personally traveling to over fifty countries and successfully selling the technology.

In 2010, ThingMagic sold itself to Trimble Navigation, a multibillion-dollar, multinational, public technology company. Since then, Bernd has held the role of VP of Business Development of the ThingMagic Division, focusing his efforts on applying RFID within key industry verticals, such as construction, transportation, and mobile computing.

Bernd holds a degree in Electrical Engineering from the Rheinisch-Westphaelische Technische Hochschule Aachen, Germany, where he was valedictorian of his class, and a degree in Industrial Engineering from Ecole Centrale de Paris, France. He received his PhD from the MIT Media Laboratory in 2000. Bernd lives with his wife and son in Cambridge, Massachusetts, and New York City.

Storm Prep

Sunday, August 24, 2014 @11am

Download PERSONAL HOUR of MYOB Here

Kristen Hagopian

GUEST Co Host
Kristen Hagopian

Talk Radio Show Host
Syndicated Personal Finance Columnist
Speaker, Author
Brilliant Frugal Living

Live a Luxurious Life, for Less!

Are you looking to get more for your hard-earned money? Tune into Mind Your Own Business Radio to hear The Kristen Hagopian Show on Sundays at 11am to enjoy dozens of easy, proven strategies on how to live a fantastic, luxurious life without breaking the bank!

In the years since she wrote Brilliant Frugal Living, Kris has become the go-to gal for households looking to get more for their money, with fantastic weekly advice on how to slash spending for food, clothing, home improvement, losing weight, raising kids, buying cars, wonderful vacations, real estate and much more!

Enjoying guests & interviews ranging from Authors, Famous Chefs, Real Estate & Home Improvement Experts, Government Officials, Health Professionals and other nationally-recognized newsmakers, Kristen’s take-no-prisoners (and no debt!) attitude are a fabulous breath of fresh air for hard-working Americans struggling to make ends meet.

Host Bio:
Kristen Hagopian is a Syndicated Personal Finance Columnist, Wealth Building Motivational Speaker and Author of Brilliant Frugal Living. She writes for The Daily Local News, Yahoo and others, with readers nationwide enjoying her money-saving strategies. Her weekly Talk Show, in addition to regular Consumer Reporting segments for ABC, NBC, Fox News and other major networks, brings her wealth-building message to millions. She resides with her husband and two children just outside Philadelphia, PA.