Hi Phil - I wonder what stories JR is telling about me
I don't have the real history of the original Genesis (with Arnie Nudell and Paul McGowan) besides a few stories they told me. So, besides being founded in 1991 and closing down in 2000, there isn't much to tell. I know that they went through a lot of investors including API in Canada and even Polk Audio. When they ran out of money again in 2000 after the dot-com crash, Arnie couldn't find anyone to bail him out, and the bank foreclosed on the company and transferred everything (inventory, office documents) into a couple of warehouses in Eagle, CO.
In 2000, I was retired and living on a vineyard in Australia when I started designing a mega-listening room. I had been an audiophile for years, and when I couldn't afford it, I lusted after the Genesis V. When I could afford it, I wanted the Genesis I and was building the room large enough for this speaker. Unfortunately, Genesis went bankrupt. I did try to re-listen to some of the speakers I had rejected, and some others that I had not listened to, but nothing could match the G1.
So, in 2002 I bought the remnants of the company from the bank (by then it had lost everything - including the trademark registration) and thought that if I hired Arnie and a few "professionals" I could still be retired, have my speaker, and eat it. Unfortunately, the definition of insanity is doing the same thing over again and expecting a different result. Manufacturing inefficiencies, bad business practices and poor quality would have sunk the company again (and all my money).
So, in 2006, I moved my family over to the US, let Arnie retire, and took over the company myself. I've redesigned almost every aspect of the technology - and yet still maintained the "Genesis sound" but improved upon. And as I keep saying - the way to earn a million in the high-end stereo business is to start with many millions. Now, I'm in Marrakech, Morocco installing a new pair of speakers for another long-time customer (he has owned his G300's since 1995) and a friend.