Gener8tor
{{Short description|American startup accelerator}}
{{Cleanup-PR|1=article|date=September 2021}}
{{Infobox company
| name = gener8tor
| logo =
| industry = Venture Capital
| founded = {{Start date and age|2012|6}}{{cite news |author=Newman, Judy |title=Tech and Biotech: gener8tor looks to grow new Wisconsin tech firms
|url=http://host.madison.com/business/technology/biotech/tech-and-biotech-gener-tor-looks-to-grow-new-wisconsin/article_2e906208-b741-11e1-9ff5-0019bb2963f4.html|newspaper=Wisconsin State Journal |date= 2012-06-16}}
| num_locations = 3 (2017)
46 cities (2021)
| key_people = Troy Vosseller, Joe Kirgues, Maggie Brickerman, Abby Kursel
| brands = gBETA
NMotion
Motown Accelerator
OnRamp Conference Series
| num_employees = 90+
| website = {{URL|gener8tor.com/}}
}}
gener8tor is an American startup accelerator that operates in several US cities, including Madison, Milwaukee, and Minneapolis.{{Cite web|url=https://www.bizjournals.com/twincities/news/2017/02/17/gener8tors-minneapolis-accelerator-gets-new-leader.html|title=Gener8tor's Minneapolis accelerator gets new leader|website=www.bizjournals.com|access-date=2017-07-17}}
Since its inception, gener8tor has invested in 180 companies, which have gone on to raise more than $1 billion in total follow-on financing.{{Cite web|url=https://www.gener8tor.com/statistics/|title=Statistics|website=gener8tor|language=en-US|access-date=2017-07-17}}{{Cite news|url=http://host.madison.com/wsj/business/technology/biotech/gener-tor-unleashes-its-latest-class-of-startups/article_8efb7fd2-68dc-5f7c-9129-7873cd952e38.html|title=Gener8tor unleashes its latest class of startups|last=Journal|first=Judy Newman {{!}} Wisconsin State|work=madison.com|access-date=2017-07-17|language=en}}
Program
gener8tor offers $20,000 in exchange for 6-7% of equity and another $80,000 in the form of an uncapped convertible note. gener8tor takes no board seats, no preferred shares, and no liquidation preferences.{{Cite web|url=https://www.gener8tor.com/apply/|title=Apply|website=gener8tor|language=en-US|access-date=2017-07-17}}{{Cite news|url=http://www.uwalumni.com/awards/joe-kirgues-troy-vosseller/|title=Badger Business Generators: Joe Kirgues & Troy Vosseller|date=2015-03-08|work=Wisconsin Alumni Association|access-date=2017-07-17|language=en-US}}
Each class happens in a different city, with Madison in the Spring, Minneapolis in the Summer, and Milwaukee during the Fall. Each class lasts about 3 months.{{Cite news|url=http://archive.jsonline.com/business/gener8tor-named-one-of-the-countrys-top-16-accelerators-b99685781z1-371823351.html|title=Gener8tor named one of the country's top 16 accelerators|access-date=2017-07-17|language=en}}
gener8tor invests in high-growth startups, including software, IT, web, SaaS, e-commerce and hardware.
Acceptance
In its Madison 2017 class, gener8tor accepted 5 out of 691 companies.{{Cite web|url=http://wisbusiness.com/index.iml?Article=386660|title=Premiere Night showcases gener8tor's latest group|last=Moe|first=Alex|website=WisBusiness.com|date=15 May 2017 |language=en|access-date=2017-07-17}}{{Cite news|url=http://blog.errund.com/2017/02/errund-joins-top-startup-accelerator/|title=Errund joins top startup accelerator - The Errund Blog|date=2017-02-02|work=The Errund Blog|access-date=2017-07-17|language=en-US}}
History
gener8tor's first fund was backed by Dan Armbrust, founder of Granite Microsystems, a Mequon, Wisconsin equipment manufacturer, and Dan Bader, president and CEO of Bader Philanthropies. gener8tor is a sponsor for Front Row Motorsports driver Todd Gilliland in the NASCAR Cup Series.{{Cite web |title=gener8tor, Ruedebusch Development to Continue Sponsorship of Todd... |url=https://www.racingamerica.com/news/nascar/gener8tor-ruedebusch-development-to-continue-sponsorship-of-todd-gilliland-in-2024 |access-date=2024-03-30 |website=Racing America}}
Gener8tor Fund II
CSA Partners Venture Management, a venture capital fund backed by Chris Abele, Milwaukee County Executive, and former president and CEO of the Argosy Foundation, Wisconsin Investment Partners, and other individual investors contributed 2.1 million dollars to "Gener8tor Fund II". The funds are for operations and investments of the gener8tor companies.{{cite web|last1=Lee|first1=Troy|title=Gener8tor's New Fund Worth $2.1M|url=http://www.madisonstartups.com/gener8tors-new-fund-worth-2-1m/|website=madisonstartups.com|publisher=Eat Drink Madison, LLC|access-date=June 23, 2015|date=December 1, 2014}}
References
{{reflist}}
External links
- http://www.gener8tor.com/
- https://www.gBETAstartups.com
- https://www.onrampconference.com/
- https://www.NMotion.co/
- http://www.seed-db.com/accelerators/view?acceleratorid=263012
{{Venture capital firms}}
Category:Financial services companies established in 2012
Category:Organizations based in Milwaukee
Category:Technology companies established in 2012
Category:2012 establishments in Wisconsin
Category:Venture capital firms of the United States