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Gener8tor
American startup accelerator From Wikipedia, the free encyclopedia
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Gener8tor (stylized gener8tor) is an American startup accelerator that operates in several US cities, including Madison, Milwaukee, and Minneapolis.[2]
 | This article reads like a press release or a news article and may be largely based on routine coverage. (September 2021) |
Since its inception, Gener8tor has invested in 180 companies, which have gone on to raise more than $1 billion in total follow-on financing.[3][4]
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Program
Gener8tor offers $20,000 in exchange for 6–7% of equity and another $80,000 in the form of an uncapped convertible note.[5][6]
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.[7]
In its Madison 2017 class, Gener8tor accepted 5 out of 691 companies.[8][9][needs update]
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.[10]
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 to "Gener8tor Fund II". The funds are for operations and investments of the Gener8tor companies.[11]
References
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