*PEOPLE: Irvine Incubator Appoints New Managing Director
An Irvine incubator has a new managing director. Bob Genthert is now running EvoNexus at the Vine in Irvine. He replaces Alexa Enlow, who joined one of the startups at the incubator, Syntiant, which just raised $25 million in a Series B round. (see related story here).
Syntiant builds ultra-low power semiconductors that use machine learning, a subset of AI, that are used for devices including mobile phone apps, wearable devices, smart sensors and drones.
Genthert has 35 years experience including CFO and SVP roles at Fortune 50 companies including Time Warner and the $5.5 billion home entertainment division at The Walt Disney Company.
He’s had two exits with startups he’s co-founded, raising more than $200 million, including ecoATM. In 2013, Genthert and the cofounders of this company sold it to Outerwall for $350 million.
“EcoATM was not an intuitive solution for the electronics recycling sector, and as with many startups we had a plethora of hurdles to overcome to introduce the world’s first fully automated kiosk for recycling mobile electronics,” Genthert said, in a press release issued today.
“I have walked in the shoes of every single entrepreneur who has started a venture and strived to scale a successful business,” he added. “I understand their pain, challenges and the milestones they need to achieve success. My goals include increasing the quantity and quality of startups accepted into the incubator in Irvine and continuing to build on the quality of mentors volunteering at EvoNexus Irvine. I look forward to bringing all my experience and knowledge to current and future startups in Orange County.”
EvoNexus started in San Diego and then branched out to OC. It recently started taking equity in the startups it incubates.