Bob Genthert, co-founder of successful San Diego startup ecoATM, will serve as the next managing director of EvoNexus in Irvine.
EvoNexus is one of San Diego’s most prominent tech incubators, with notable startup exits including Edico Genome, which was acquired by Illumina in May for $100 million, and Approved, which was acquired by Credit Karma in 2015.
ecoATM, which makes kiosks that allows users to recycle their old electronic devices, was one of EvoNexus’ largest exists. It was acquired by rental kiosk company Outerwall in 2013 for $350 million in cash.
Outside of his work with ecoATM, Genthert has also served as a CFO at Time Warner and as senior vice president of the Walt Disney Company’s $5.5 billion home entertainment division. He has been involved with EvoNexus as a mentor, advisor and selection committee member ever since his company sold.
"I have personally worked with Bob since ecoATM's admission into EvoNexus in 2010. The market timing and business model execution of ecoATM was impeccable,” EvoNexus co-founder and CEO Rory Moore said in a news release. “In his new position as Managing Director, Bob will lead EvoNexus to launch and grow fundable, commercially-viable tech companies in Irvine."
While EvoNexus has been a mainstay of the San Diego startup community since 2009, the nonprofit launched a second incubator in Irvine in 2015. In his new role with EvoNexus, Genthert said he hopes to increase the quality and quantity of startups accepted into its Irvine incubator, as well as the mentors that volunteer their time with the program.
“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 news release. "I have walked in the shoes of every single entrepreneur who has started a venture and strived to scale a successful business. I understand their pain, challenges and the milestones they need to achieve success.”