Thanks to generous and visionary backers like you, UT Austin’s startup investment fund achieved record breaking funding goals within 1 week of the Hornraiser campaign launch. Together, we have shown the world how UT Austin is a world class University dedicated to entrepreneurship and innovation!
At the same time, UT startups funded by Genesis are celebrating great achievements over the past week as two of our portfolio companies raised over $200,000 in follow-on funding from WeWork and Capital Factory.
Krew, the long distance ride sharing startup featured by KXAN news, won the $25,000 UT Austin Investment Challenge by Capital Factory. In San Francisco, Elite Sweets, the protein food company founded by UT athletes, pharmacy, and economics students, took home the $180,000 investment prize from the high-profile “WeWork Creator Awards” competition. The competition drew over 1300 applications from across the Western United States and British Columbia. Genesis was the first investor in Krew and Elite Sweets.
Genesis was built on an interdisciplinary foundation of alumni and students, and our 70 backers are just as diverse as the program. With backgrounds in engineering, business, finance, marketing, health and more, Genesis has united a broad spectrum of Longhorn fans.
Here are a few of the entrepreneurial leaders backing Genesis:
- Aasim Hasan is the Texas Leader for Moneta Ventures, a new early stage venture capital fund investing in Austin.
- Bill Kilday, VP of Marketing at Niantic inc., helped launch PokemonGo and Google Maps.
- Brett Hurt, former McCombs Entrepreneur in Residence, is the founder of BazaarVoice, CoreMetrics, and Data.World, where he is currently CEO.
- Eric Feng is a Partner at Kleiner Perkins, one of the longest standing and most prestigious venture capital firms in the world.
- Jacob Cordova, Co-founder and Managing Partner of Genesis, is Managing Director of PWJ Strategies and CEO of Bright Yeti, a stealth-mode ag-tech startup.
- Jay Manickam is the Co-founder of uShip and Everfest; he also recently became part of the Krew Rideshare team, a Genesis portfolio company.
- JD Weinstein is Head of Startup Ecosystem Austin for Oracle as well as former Principal at WPP Ventures and Capital Factory Associate.
- Joshua Baer is CEO and Founder of Capital Factory, the center of gravity for entrepreneurs in Texas.
- Mellie Price, founder and former CEO of Front Gate Tickets, is a serial entrepreneur who now serves as the Managing Director of the Dell Medical School Texas Health CoLab.
- Michael Johns is a Genesis Partner and Analyst at Argonaut Private Equity.
- Nick Spiller is a Genesis Partner and Head of Investor Relations at Capital Factory. He is also a Cofounder of UT Austin’s Longhorn Entrepreneurship Agency.
- Steve Schaffer is the Founder of Offers.com, where he was CEO until the company was bought by Ziff Davis in 2015.
Genesis is a movement at the University of Texas, and we’re just getting started. There are 20 days left to back the Genesis Hornraiser. Be excited and please continue to share the news about our fund with those who share our vision.
Thank you all for partnering with us to unlock entrepreneurship at UT Austin! Hook ‘em!