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I'm a dynamic executive with over 40 years of experience in insights, analytics, design, and marketing, applying strategic leadership and innovation to help companies develop and deepen sustainable, hard-to-copy competitive advantage, generating strong sales achievements and sustained growth. I led Material+ (rebranded from LRW following a sale to private equity) from $5MM to $370MM in revenue and EBITDA to $65MM, establishing it as a global leader in insights-based consulting and integrated marketing, securing partnerships with blue-chip brands such as Disney, LEGO, Nike, Apple, Microsoft, Meta, and many others.I also founded AppliedVR in 2014, a company pioneering the use of virtual reality to address complex societal issues, starting with addressing the massive chronic pain and related opioid epidemic. This venture led to the first FDA-approved VR treatment for chronic pain, alongside significant institutional investments totaling $80M+. AppliedVR has achieved many firsts, including a unique rein-mbrursement code and favorable reimbursement pricing from CMS/Medicare, coverage by one of the regional Blues, and coverage by the Veterans Administration (VA). Serving as Chairman of the Board for both Material and AppliedVR, my role extends beyond leadership to executive coaching and helping shape the direction of innovation and corporate growth.My dedication to making a social impact is further highlighted by my Board advisory positions at UCLA and USC, where I contributed to the development of academic programs that foster entrepreneurship and innovation, as well as a multi-disciplinary approach to the social sciences. I also provided seed funding for a data science minor within UCLA's ethnic studies program.I've had the privilege of sharing my insights through several notable speaking engagements, including a widely viewed TED Talk on using virtual reality to address societal issues, delivering a commencement speech at UCLA, presenting at an annual conference for CEOs, and leading a workshop at the White House in 2015 on the potential uses of virtual reality to solve societal problems related to social justice, health, and education.This journey underscores my unwavering commitment to leading with vision and making a lasting impact through strategic innovation and collaborative partnerships.
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Chief Executive OfficerBovitz, Inc.Los Angeles, Ca, Us
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Executive Chairman At MaterialMaterial Apr 2022 - PresentLos Angeles, California, Us -
Chairman And CeoMaterial Sep 1986 - Apr 2022Los Angeles, California, UsAs CEO and Chairman of Material+ (formerly LRW), I transformed a local marketing research company into a global leader in insights-based consulting, design, technology, and integrated marketing, driving its growth from $5MM to $370MM in revenue with a successful sale to private equity in the process.• Sales Leadership: Developed a successful sales model to drive double-digit, sustained organic growth, as well as led 12 acquisitions that fueled growth additionally, growing from $5MM to $370MM.• Strategic Transformation: Transitioned from a local marketing research firm to a global insights-based consulting and integrated marketing leader.• Growth Strategy: Achieved significant organic growth and integrated 12 synergistic acquisitions to support the company's strategic transformation.• Navigating Economic Downturns: Successfully navigated the company through the Great Recession and the Covid-19 pandemic, resulting in single digit sales declines and double-digit EBITDA growth in each downturn.• Global Brand Partnerships: Worked with leading brands such as Disney, LEGO, Nike, Apple, Microsoft, establishing relationships with 15 of the top 20 global brands.• Successful Exit: Led a transaction process that resulted in the successful sale of the company to private equity.If you have any questions or want to learn more about all ways Material can help your brand make an impact, please visit Materialplus.io
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Executive Chairman & FounderAppliedvr 2014 - PresentVan Nuys, California, UsAs the Executive Chairman and Founder of AppliedVR, I harnessed insights and innovations from Material+ to establish AppliedVR, aiming to tackle significant societal issues through virtual reality. My contributions were pivotal in spinning off IP and expertise, spearheading the initial funding, and strategically steering the company as chair, leading to nine years of groundbreaking innovation and establishing a novel medical category.About AppliedVR: AppliedVR is creating a new reality in healthcare. We are pioneering immersive therapeutics (ITx), a new category of medicine to treat intractable health conditions that affect millions of people worldwide. Today, AppliedVR's treatments represent a robust approach to chronic lower back pain (CLBP) that empowers patients with an intuitive device they can self-manage at home. AppliedVR's RelieVRx® program is the first VR-based, prescription therapeutic to receive Breakthrough Device Designation and De Novo authorization by the FDA for CLBP. AppliedVR's wellness programs have been trusted by more than 200 leading health systems and thousands of healthcare professionals globally, used on more than 60,000 patients. -
Executive CoachExecutive Coach 2023 - PresentAs an experienced executive coach, I provide invaluable guidance and mentorship to business leaders and professionals. Leveraging over four decades of executive leadership, I offer expertise in strategic planning, innovation, sales management, financial planning, and board governance. My coaching empowers individuals and organizations to navigate challenges, drive growth, and excel in their leadership roles. With a proven track record of success, I specialize in helping clients achieve their highest potential and leadership excellence.
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Board Of Advisors To The Dean Of Social SciencesUcla 2017 - PresentLos Angeles, Ca, UsI serve on this board, contributing to the development of the interdisciplinary Masters Degree in Social Sciences, advising on the VR Lab's creation, and providing seed funding for a data science minor within the Ethnic Studies major. My efforts focus on enhancing data science skills among under-represented students. -
MemberChief Executives Organization 2005 - PresentWashington, Dc, Us -
MemberYpo 1995 - PresentIrving, Texas, UsCurrent member of YPO GoldFormer member of YPO Beverly HIlls Chapter -
Board MemberDex 1997 - 2022Camarillo, California, UsServed on the board of DEX, a company initially focused on low-tech repairs before evolving into a high-tech reverse logistics firm. DEX specializes in the repair and manufacturing of electronic and electro-mechanical technologies, such as MRI machines and wind turbines, marking a significant transformation in its industry footprint. -
Board MemberSmc 2002 - 2010Board member for SMC, a company that offered business opportunities to “mom and pop” entrepreneurs, growing from $25MM to $135MM. SMC's successful growth strategy led to its sale to a strategic buyer.
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Board Of Advisors For The Greif Center For Entrepreneurial StudiesUniversity Of Southern California 1998 - 2008Los Angeles, Ca, UsI served on this board, offering his expertise to foster innovation and entrepreneurship. My involvement supports the center's mission to inspire and educate the next generation of entrepreneurs. -
Board MemberRoyce Medical Company 1997 - 2005Board member at Royce Medical, a developer, manufacturer, and supplier of orthopedic products, including patented orthopedic braces. The company offers a wide array of products such as braces, supports, synthetic casting, and more, catering to orthopedists, hospitals, and other medical professionals, culminating in its sale to private equity.
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Board MemberRobbins Brothers, The Engagement Ring Experts 1998 - 2003Los Angeles (Headquarters), Ca, UsBoard member for Robbins Bros, a prominent chain of engagement ring superstores known for celebrating a century of facilitating "yes" moments. The company has a rich history of offering a vast selection of engagement ring styles, also culminating in a sale to private equity.
David Sackman Skills
David Sackman Education Details
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UclaAnthropology
Frequently Asked Questions about David Sackman
What company does David Sackman work for?
David Sackman works for Bovitz, Inc.
What is David Sackman's role at the current company?
David Sackman's current role is Chief Executive Officer.
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What is David Sackman's direct phone number?
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What schools did David Sackman attend?
David Sackman attended Ucla.
What skills is David Sackman known for?
David Sackman has skills like Strategic Intelligence, Investment Banking.
Who are David Sackman's colleagues?
David Sackman's colleagues are Maricon Manalastas - Santos, Emmeline Hoang, Shawna Orlowski, Patricia Defelice Dingus, Roselle Malit, Israel Whittemore, Steve Swanson.
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