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About Me

 

Alex Meshkin is a technology executive and serial entrepreneur having founded or led organizations in healthcare, digital media, sports, and global outsourcing services.

Meshkin is  Executive Chairman of huvi, a social commerce platform, enabling consumers to buy and sell digital movies. huvi works in partnership with major Hollywood studios to reduce piracy, monetize consumer to consumer transactions and enable a secondary market for digital goods.

More recently, Meshkin co-founded a health IT Company where a team of leading health care providers, technology entrepreneurs and product development ninjas are building a platform to improve collaboration and communications in healthcare.

In 1999, at the age of 19, Meshkin launched his first consumer internet start-up and experienced the ups and downs of entrepreneurship. In the years that followed, Meshkin became the CEO of Toyota Motorsports’ flagship NASCAR racing team, Bang! Racing. Toyota selected the young Meshkin from 83 NASCAR race team candidates; to lead Toyota’s factory supported NASCAR racing team. Toyota’s partnership with Meshkin created one of the most successful racing organizations in its first year of operations.

In 2004, Bang! Racing made NASCAR history – setting numerous milestones. As the principle owner of Bang! Racing, Meshkin became the youngest team owner in NASCAR history and the team became the most successful first year NASCAR race team – winning Toyota’s first two races in their inaugural season.

Bang Holdings, the parent company of Bang! Racing was also a success off the race track.  In its first year of operations, Bang generated over $15 million in revenues; partnered with Vertrue to form a joint venture; and with their strategic technology partner eBay created and operated a NASCAR consumer membership and affinity marketing club.

By the age of 23, Meshkin was one of NASCAR’s elite team owners and a recurring guest on Fox News Channel and CNBC Squawk Box; and featured in numerous publications, including Fortune, Sporting News, Racer, Associated Press and Sports Illustrated.

Bang! Racing sponsors included, Toyota Motor Sales, DuPont, Viacom (Showtime Networks), Line-X, Valvoline and Snap-On Tools. In 2005, the race team was acquired by Toyota Motorsports and Bill Davis Racing. The technology divisions were merged in 2006 into Cloverleaf Partners and the NASCAR membership club became FastTrack Savings operating as DealPass.com.

Prior to Bang! Racing, Meshkin founded and operated a global software development company with a focus on healthcare and pharmaceutical platforms with clients such as Johnson & Johnson and Eli Lilly.

Additionally, Meshkin served as Director of Product and Strategic Development of cyberCFO, a venture funded financial services firm and later as VP and GM at Cloverleaf Partners.  Meshkin started his digital media entrepreneurial career at the age of 19, when he founded and led the first online “points” based dynamic commerce/auction model.

To learn more about Alex Meshkin, please visit his blog at http://alexmeshkin.com and LinkedIn: http://linkedin.com/in/meshkin. Check out his videos on YouTube: http://www.youtube.com/alexmeshkin

 

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A Dream Turned Realty – Making History with Toyota

Today marks the 4th anniversary of Toyota’s first NASCAR Victory during the Line-x 200 at Michigan International Speedway — (July 31, 2004). It was the 13th race for Toyota and my race team (Bang Racing). That historic day in NASCAR; also became a day I will not soon forget. Toyota and I made NASCAR history; setting records and I became more than just the youngest team owner in history — but now a victorious team owner at just 24 years of age.

It had been a turbulent few weeks leading up to this incredible day. Perhaps; in some ways, this made the win ever sweeter. I had recently made significant personnel changes to improve our racing operations and team chemistry; wanting to provide a better chance to score our first victory. Our two race teams entered Michigan International Speedway with a renewed confidence and attitude following the departure of Larry McReynolds from Bang Racing and we expected to demonstrate our team’s unity and potential at the Line-X 200, a race event sponsored by Line-X Spray-On Bedliners, one of our team’s primary sponsors.

We didn’t disappoint our sponsors or racing fans that day; our trucks combined to dominate the entire event finishing 1st and 3rd and bringing Toyota a victory in the backyard of the Big 3 American Carmakers. Much was noted in the press about this precocious internet whiz kid who came out of nowhere to lead Toyota’s flagship racing team and become the youngest NASCAR team owner; and then, breaking numerous NASCAR records and going on to make history as the most successful first year race team. It was a tremendous achievement for our new team; and an honor to herald the banner for Toyota in their inaugural year in NASCAR. But equally rewarding was having a childhood dream become a reality.

This dramatic victory has paved the way for today’s on-track performance of Toyota’s flagship NASCAR teams. But Bang Racing will always remain in the NASCAR and Toyota motorsports history books — as the team which brought Toyota their first victory in NASCAR. Without a doubt, this victorious day was etched in the hearts of many and will not be soon forgotten.

Alex Meshkin and Bang Racing Make History — Toyota’s First Win in NASCAR

 

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Toyota’s 1st NASCAR Victory – Bang Racing

Brooklyn, M.I., Aug. 1, 2004 – Travis Kvapil stepped into his sponsor’s suite at Michigan International Speedway on Friday and with his usual, quiet candor asked a foretelling question as he was drawn to the brightly-colored yellow and black Line-X logo decorating the infield grass just outside the window.

“If I win tomorrow, I’m going to run through the grass and spin out across that logo but only if that’s ‘OK’ with everyone here,” he asked. Call it fate with a little bit of luck, but just don’t call it happenstance. Kvapil was on a mission to keep that promise and did. After capturing the checkered flag, he wheeled the No. 24 Line-X Tundra into the infield as a victorious nod to the jubilant yellow Line-X shirts lining the roof of their suite.

The historic victory was one of many firsts: the first checkered of the season for the 2003 NASCAR Craftsman Truck Series Champion, the inaugural win for first-year team, Bang Racing, and an achievement that etched a place in the history books for Toyota as the championship manufacturer continues its winning legacy in NASCAR.

“This is huge.what a day!” Kvapil exclaimed. “Toyota gave me some great horsepower again. I screwed up yesterday and drove my truck into the wall off turn 2 after only getting five or six practice laps. Then we broke a motor and had to start in the back. I really have to thank crew chief John Monsam, Mike Skinner and the 42 crew for helping us out with all their notes. They had a fast, fast race truck in happy hour yesterday, and we were able to look at their notes and go a little bit more in their direction from where we were and tune on our truck for the race. So we relied a lot on my teammate and his setup.”

The win marks the second time Kvapil and Bang Racing have made history and helped Toyota to the forefront of acclaim after an impressive out-of-the-box display at Daytona International Speedway earlier this season. Kvapil drove Bang Racing and the No. 24 Line-X Tundra into the NASCAR Craftsman Truck Series history books by breaking the highest finish for a new team at Daytona, previously held by Kenny Martin who finished fifth at the Speedway in 2000, clinched the highest qualifying position (third) for the new manufacturer and led the first lap on Lap 8 for the Toyota Motorsports contingent.

“We went to Daytona and didn’t really think we had a shot at the win – and we finished second,” Kvapil said. “It seems like it’s been so long since then. To be able to pull it off here with Line-X sponsoring my truck and the event is just awesome. We’ve been trying so hard all year. For Bang Racing and Toyota to put the total package together in the other manufacturers’ backyard is pretty special.” Kvapil battled against the odds from the back of the pack and another grazing off the turn 4 wall as the initial laps ticked down. From the wave of the green flag, racing action looked more like Daytona as Kvapil worked the advantage of the draft and quickly knocked off 15 spots in 20 laps at the two-mile venue despite loose conditions.

“The draft definitely played in my favor at times,” Kvapil said. “I’d be back a little ways and I’d just fit in and catch the next group. Then I’d pass some more and draft up behind the next group. But it played against me a couple of times, too. I’d try to make passes down on the bottom, and it seemed like everyone wanted to lay-up on the outside. If I had any help, I could make some passes but everyone wanted to stay in line. It was just like Daytona – if you had someone to go with you, you could make your way to the front. But during the last 20 laps of the race, my truck was strong enough to do it on my own.”

Following the first caution flag for debris and a quick pit stop for air pressure, track bar and wedge adjustments to tighten up his ride, Kvapil exited pit road just outside the top-10. As teammate Mike Skinner took the lead mid-way through the 100-lap event, the reigning champ had worked his way into 10th and waited for his green flag pit stop. Then fate stepped in. Kvapil pulled the wheel from heading down pit road for a green flag stop in seventh place as NASCAR called the fourth of seven caution flags for debris. After the crew feverishly changed all four tires taking air pressure out of each and added two cans of fuel, the No. 24 team gained four spots as an ecstatic crew watched Kvapil fall in line behind teammate Mike Skinner. The pair sailed past race leader Bobby Hamilton on lap 77 until yet another caution on lap 81 for Kelly Sutton’s spin in turn 2. When racing action resumed three laps later, Kvapil drove past Skinner and never looked back despite two additional yellows and the race finale ending under caution. “I knew if I ever got to the lead and out in clean air, I could get to the front fast,” he said. “Clean air is so big at Michigan. You’ve got all the downforce on the truck working for you. I thought I had a good enough truck that I could drive away from them, and that’s exactly what happened. It was a great feeling to look in the mirror and see that I was pulling away.”

“Eric [Phillips] and everyone on my team did a great job and gave me tremendous pit stops today,” he said. “They picked up three and four spots every time I pitted and made perfect adjustments on the truck. Earlier in the race, I was able to drive up to about 10th or 15th fairly easily, but once I got to those trucks they were pretty good and it was hard to pass. My truck was just too loose. We really had to work on our truck pretty hard to get it to where I was that fast. The draft was a big equalizer, too. There were some guys that probably don’t have the horsepower that Toyota has under the hood, and they were able to keep up. But I had a good horse under the hood. The last 20 laps were the best laps I had all weekend. I was just riding around wide-open. And Mike and I worked together really well at the end. I thought it was going to be a one-two, but it was pretty darn close.” Kvapil’s joy ride couldn’t have come at a better momentum-boosting time mid-way through the season.

“I expected it a little earlier than 13 weeks into the season to be honest,” Kvapil said. “I knew my owner, Alex Meshkin, had put together a tremendous group of people. With Toyota behind us giving us all the tools we need to go to the race track to run well – I know I’ve got great bodies, I know I’ve got great engines and I know Alex has got the best pieces bolted on the truck that we can buy. I’ve got Eric and Brad [Whaley], a great engineer, and now John’s on board as the new 42 crew chief. We’ve got a good group of people that really work together and communicate well, and I think that’s what the key was to our weekend. We finally put the whole package together. We tested last week in Nashville, and it was a huge turn around for our team. Since testing there, we brought a completely different truck with a totally different setup to Michigan, and Toyota providing us with that testing time and giving us that opportunity to get on the track was a key in my victory.”

As the youngest team owner in NASCAR to reach victory lane, 24-year-old Meshkin’s laurels were all the more sweet as both drivers finished inside the top-three after a roller coaster month of average finishes and changes within the organization. “For the past couple of weeks, I’ve taken more hands-on control of the team making changes to help the two teams become stronger and bring them together,” Meshkin said.

“I think we’ve accomplished that. Thanks to the hiring of our new crew chief on the 42 team, John has helped further solidify our team. Our track performance today, Mike having the best happy hour yesterday, two top-five finishes in which either of our trucks could’ve won and to have Travis win his sponsor’s race, it just can’t get any better than this. It’s an honor to be able to deliver Toyota their first win. To have Travis in victory lane – nothing could be more special.”

“I’m just really proud of the teamwork from the 24 and 42 crews working together to change the motor after we hit the wall in happy hour,” Phillips said. “Everyone put in so much effort and hard work to get us to the front, and I had all the confidence in the new Toyota engine we put in our Line-X truck. Our team has had the Michigan race circled on the calendar since Daytona and really wanted to win for Line-X and for Toyota in the big-three manufacturers’ backyard. To go up there and run really well with both teams just shows how good our race team really is. Our momentum keeps getting stronger which is so important since we’re just getting into the middle part of the race season.” “One of the biggest positives of our team’s win is an answer to a lot of the doubts over the past month about our race team and where we’re headed and what we’re doing,” Phillips said.

“There have been a lot of changes, and I still believe all of the changes are for the best for Bang Racing and its future. I’m really proud of the guys standing behind me and this race team through all of it. I think running one and two at the end of the race just shows how strong this race team can be when we work together. The communication with John has been really great, and I know we will work well together the rest of the year to continue down a successful path.” From victory lane and a momentous time in motorsports history, it’s hard to imagine less than 10 months ago Bang Racing didn’t even own a hammer. “I remember last fall when we didn’t have any employees or a race shop,” Kvapil said.

“We have done a lot in a very short time. And we just keep getting stronger and stronger. I’ve been saying for the last couple of weeks, the second half of the year is when Bang Racing is going to come on strong. We’ve been testing all this time, and the engines are getting better under the hood. Now that we’ve been to a lot of these race tracks once and know exactly what to bring for setups, we’ll start climbing our way to the top. We still definitely have a shot at the championship. Our team hasn’t given up and is looking for some more victories.” As Kvapil pulled away from the field during the last laps of the race, his crew and the Line-X employees weren’t the only ones acting as a cheering squad. Little known to anyone else, Kvapil himself acted as a cheerleader for his team before the race had even begun. “I told my crew the last time I wrecked my truck in practice, I won in Texas a couple of years ago,” Kvapil smiled. “And we’ve seen Carl Edwards change his motor a couple of times and come from the back to the front to win. So, this wasn’t going to be all bad. I knew if there was a place that I had to drive from the back to try for the win, Michigan was going to be one of the easiest places to do it. I’m just proud to be the driver to bring home Toyota’s first NASCAR victory.”

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Meshkin lives out dream as NASCAR owner

By Dick Brinster, The Associated Press June 10, 2004 3:53 PM EDT (1953 GMT)

Dressed in a T-shirt, jeans and sneakers, his cap on backward, Alex Meshkin bears little resemblance to other NASCAR team owners.

That’s what Larry McReynolds thought when the former crew chief was approached last spring by Meshkin and asked to join Bang Racing, now a fledgling team in the Craftsman Truck series.

“I asked him, ‘Where’s your dad at? Your dad must be the one who’s going to do this deal,”‘ McReynolds recalled.

Little did he know this was a 23-year-old whiz kid who six years earlier took some money his parents put aside for college and made a few million sitting at his computer trading stocks.

“I was able to (turn) it into a little bit of wealth and start my own company,” said Meshkin, whose Bang Technology Software affiliate is based in Bombay, India.

He also heads a merchandising company and Nutzz.com, which rewards consumers for the use of products in a manner similar to retailers giving frequent flyer miles.

The two-truck team is costing Meshkin nearly $15 million a year, and he expects the operation to be profitable by 2007. That’s the fast lane in a sport where sponsorship can be tough to maintain.

But super salesman Meshkin isn’t concerned. His teams, with series champion Travis Kvapil and former Cup driver and Craftsman champion Mike Skinner, are backed by Toyota and eBay among others.

Meshkin laughs when asked about his attempt to become a racer.

“I always wanted to be involved in racing since I was a little kid,” said Meshkin, who briefly campaigned a formula car. “I prefer the ownership side. I think I’ll just stick with what I do well.”

To McReynolds, who owns a small share of the team, Meshkin stands out because of his “passion” for the sport.

“Every other business I’ve been involved in, the excitement to me was when I could sell it to make money,” Meshkin said. “For this, I don’t care how much they offer me, I wouldn’t sell it.”

In fact, he plans to expand to the Busch series and eventually to Nextel Cup. The truck teams are just the foundation of his racing program.

Meshkin knew he wouldn’t have much credibility without bringing aboard a high-profile racing figure. So he targeted McReynolds, and was persistent when first rebuffed.

“I wasn’t really interested in talking to him,” said McReynolds, Dale Earnhardt’s former crew chief and a TV racing analyst. “Since I stepped off the pit box at the end of 2000, I’ve had 30 or 40 people come at me.

“I always had the feeling that they were looking for someone with a magic wand in their back pocket to wave over the race team and try to fix it.

“Even though I won 23 Cup races as a crew chief, I lost 447. So, obviously, I don’t have a magic wand.”

Finally, Meshkin sold McReynolds on the team and then sold him a piece of it.

“He’s an awfully good salesman,” McReynolds said. “And he knows how to go out and get those sponsors.”

With McReynolds as vice president of racing, Meshkin is able to concentrate almost solely on the business side of the operation. Part of that is pairing sponsors and trucks.

Skinner’s effort is backed by Toyota and Kvapil’s chief sponsor is Line-X, a spray-on bedliner for pickup trucks. Meshkin secured them and is confident his acumen as a salesman will eventually allow Bang to field about a half-dozen teams spread through NASCAR’s top three divisions.

“Our goal is to be the best and the biggest,” Meshkin said. “We’re not modest here.”

Fruition of his plan would put Bang at the level of Hendrick Motorsports or Roush Racing, the biggest operations in the sport. Meshkin believes that’s attainable because he expects to hold sponsorship by giving backers a fair return on their investment.

“That’s why sponsors come into the sport and are gone in a few years,” he explained. “We need to keep them by doing what’s right for them and the race team.”

Meshkin, now 24, says being young hasn’t hurt him in his marketing. Actually, he’s always considered youth an asset.

“Even when I started my first company as an 18-year-old,” Meshkin said. “People would look at me and figure, ‘I want to hear what this kid has to say.”‘

http://www.nascar.com/2004/news/headlines/truck/06/10/amishkin_feature.ap/

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Bang Racing Embarks On its First Season

By: Thomas Chemris
Alex Meshkin has a resume similar to most Fortune 500 CEO’S.

He parlayed investments in the stock market to raise start up capital for a new Internet company, Surfbuzz. Surrounding himself with some of the countries brightest marketing executives to grow the firm into a multi-national development group specializing in software and technology applications.

With such a successful track record, the assumption could be made that Meshkin hails from the likes of Harvard, MIT or Wharton, but in reality he successfully built his company between the ages of eighteen and twenty-two, just out of High School.

Meshkin has now taken the same formula for success and applied it to the world of Motorsports with the debut of Bang Racing.

At age twenty-three, he is the youngest team owner in NASCAR, and after speed weeks in Daytona, heads turned as veteran drivers, owners and crew chiefs realized this team is for real.

Utilizing a familiar business plan, Meshkin began his journey into Motorsports by acquiring a marketable product. He signed on as one of the start-up teams for Toyota Racing Development and it’s launch of the Tundra into The Craftsman Truck Series.

He then surrounded himself with the best and brightest with the likes of Larry McReynolds, and former and current series Champions Mike Skinner and Travis Kvapil.

Add to the mix solid sponsorship from Line-X and Toyota, and the group was poised to assemble tops teams and make its mark at the season opener.

In a sport that has seen many new owners who have more money than brains, Meshkin, as with most things he has done in his life appear to be the exception.

Qualifying third for the Florida Dodge Dealers 200 at Daytona, Kvapil scored a runner up finish, while Skinner, who qualified fourteenth finished twenty-eighth after being caught up in a multi-truck wreck mid way through the event.

“I don’t believe we had any surprises at Daytona”, noted Meshkin.  “We knew we had two good teams and two great drivers. The only surprise was having Mike Skinner’s number Forty-Two Toyota Tundra involved in the accident that eventually took him out of the race.  But regardless, I was very pleased with both team’s performances.”

Bang Racing is committed to the Truck Series through 2006. Many would argue that is enough to keep the team busy while learning the ropes as the “new kids on the block”.

Once again proving that he is ready to break all the rules Meshkin and company announced before the Daytona event that with support from internet giant Ebay, the team would field a part time cup effort during the second half of 2004, and a full time effort for the 2005 season.

“We’re thrilled to have ebay become an associate sponsor in the NASCAR Craftsman Truck Series and support a young entrepreneurial team’s entrance into the Nextel Cup, NASCAR’s premier series,” said the young owner.

Not a small accomplishment. Taking into consideration that there is a current sponsorship crisis in NASCAR’s premier series. It is expected that 2004 will mark the first time in years that there will be less that forty-three entries at some events, and the controversy of field fillers is already an issue. Established teams like Roush Racing and Ultra Motorsports cannot find full time sponsorship for proven winners Jeff Burton and Jimmy Spencer.

A first year team with no Cup experience scoring a multi-year sponsorship with a major company is well beyond the norm of traditional racing business.

But with Alex Meshkin, nothing is traditional.

In a sport where many drivers lament that it is better to be “lucky than good”, Bang Racing is proving their success has nothing to do with luck.

http://truckseries.com/cgi-script/csArticles/articles/000002/000211.htm

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