Georgian Startup Holds Billion Dollar Potential❗️❗️❗️ By Gela Megeneishvili
Amid the ongoing global technological boom, a whizz-kid quartet from Georgia is tipped to be holding the next internet unicorn. Steadily gaining recognition among Georgian tech society, Giorgi Laliashvili, Dachi Gubadze, Zviad Sichinava and David Gavasheli have been driven by the ambition to popularize the very first Georgian browsing system.
Stack, in development for over a year already, has now become a very convenient launchpad for using one’s favourite applications simultaneously. The programme, which also runs all the favourite mobile apps with no trouble, has quickly taken off among Georgian fans.
A mere 6 hours from launch time, in November 2018, Stack beta accumulated 500+ downloads and 400+ requests for Windows operating systems, since the programme only ran on MacOS.
With a sudden understanding of the immense startup potential, the team aimed to put maximum effort into developing their work.
Financing became no issue when the Georgian Innovation and Technology Agency (GITA) and an angel investor allocated GEL 100,000 and EUR 30,000 respectively for the project. With funds so great, the quartet expanded with an additional 3 developers and relocated to the Netherlands, where the convenience of connectivity peaked.
The results are impressive, however to grasp the potential for the billion dollar price tag requires understanding of the market that Stack is trying to penetrate.
Since Stack has been developed as a browser capable of simultaneously launching fully-functional mobile and desktop type applications, the team focuses its resources on developing the most convenient internet launchpad where users will be able to use favourite applications with features specifically designed to assist them accordingly.
In other words, while messaging, emailing, using productivity or other types of apps can become clumsy on a desktop platform, Stack guarantees that won’t happen.