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AlphaGrip
Location: 11521 Potomac Rd., Lorton, Virginia 22079, United States United States
Founded in: 1997
Stage: Revenue generating
Number of employees: 1-5
Profitable year: 2011
Short URL: vator.co/alphagrip-inc
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AlphaGrip

Hi-Speed, Handheld Computing & Gaming
Startup/business
Virginia, United States United States United States
http://www.alphagrips.com
About
Video/documents
Company description
AlphaGrip, Inc. owns several patents on technology that doubles productivity on mobile phones, handheld computers, and controllers.  The Company also owns valuable trademarks including iGrip, XGrip, and other Grip-centric marks.  The company's objective is to grow its business by monetizing its intellectual property through sales of products incorporating its technology and by licensing its patents and trademarks to computing and communications companies. 

 

AlphaGrip technology could revolutionize the mobile phone market by eliminating the need to use a stationary desktop or laptop computer to get "real work" done.  The Company is currently designing the iGrip Phone which will allow a user to create text messages, emails, or whole documents ergonomically with 10-finger input at a rate of 60 words per minute, or play the most challenging video games, while standing, walk­ing, riding in a vehicle, leaning back in a recliner, or while lying in bed.

The Company is currently bootstrapping its growth and expects to break even in 2009.  It currently sells the iGrip Ergonomic Keyboard primarily by word-of-mouth over its website and on Amazon.com.  The device looks and feels like a game controller yet has all the functionality of a keyboard and mouse.  It has received positive reviews by well-regarded online technology publications (http://www.alphagrips.com/news.html), and has 2,500 customers in 30 countries, many of whom are die-hard fans (http://www.alphagrips.com/testimonials.html).

 

Team
 

Michael Willner, President:  Co-founder and lead inventor.  Founded real-time financial information company for professional investors, Federal Filings, with $150,000 investment.  Broke even on a monthly basis in 10 months and sold to Dow Jones & Co. three years later for $5.4 million in cash.  Received a J.D. from the American University in Washington, D.C., and is a member of the D.C. Bar.

 

Scott Arnel, Executive Vice President:  Co-founder and co-inventor.  Professional commodities trader (one of the largest independent traders on the NYMEX for over 20 years), retired.  Founder and President - Long Island Wrestling Association.

Business model
Licensing intellectual property and selling products that incorporate proprietary technology.
Competitive advantage
5 U.S. utility patents and several trademarks
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