Two cities better than one for gener8tor

gener8tor_webgener8tor is an accelerator company that invests time and money in startups, hoping for a return on its investment in the long-run. Co-founders Troy Vosseller and Joe Kirgues originally envisioned starting accelerators in their respective cities of Madison and Milwaukee.

The approach not only combines the entrepreneurial resources of the two cities but also provides more of a statewide community feel for the startups involved in gener8tor’s programs.

According to Xconomy, since its launch in in 2012, 23 of gener8tor’s alumni companies have raised $50 million in venture backing and created 150 jobs.

Tech startup accelerator says two cities are better than one

By Brady Dale, Next City

The myth of the small team of inventors working alone in a garage or a dorm room may have some basis in truth, but it’s no accident that most of the world-beating technology ventures of the last decade or so have either come from Silicon Valley or New York City, or only blown up once moved there. Place matters to innovators, even in our flattening, global world. Great tech companies arise from great tech scenes, which concentrate talent, investors, know-how and the basic research that drives ventures — and a business in Wisconsin, Gener8tor, is stitching those elements together for not one, but two cities, Madison and Milwaukee.

Gener8tor is an accelerator, a company that invests money and sweat equity in young companies in hopes of a long-haul return on the small equity stake it attains in exchange. Accelerators themselves are nothing new, but what’s interesting about this one is that with each new class of companies, it switches back and forth between Madison and Milwaukee. Every few months, a new crop of companies comes in for a program in which they learn about exploring revenue models, getting investors and acquiring customers.

Gener8tor co-founders Troy Vosseller and Joe Kirgues were successful entrepreneurs in their own right when each wanted to start an accelerator in their respective cities. But with perhaps neither city quite big enough to have all the pieces of a world-class tech scene, the two realized they might be more successful joining forces. Read more …

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