black people and money

Ethiopian-American Leads A Startup That Raised $5.2 Million In A Series A

Ethiopian-American Leads A Startup That Raised $5.2 Million In A Series A

By Ryan Velez

Stackshare, founded by Ethiopian-American Yonas Beshawred, recently closed in a Series A led by e.Ventures. Black Enterprise reports that other investors included Cervin Ventures and angels Nick Rockwell, Aston Motes, Dave Johnson, and Bill Smith.

The company, which helps developers and engineers discover and compare software tools, had a slow start originally, but Beshawred saw the chance to change the focus to data after it initially raised its user base. When we look at it, it is professionals finding and communicating with each other.”

It’s in essence peer learning for technologists. Instead of creating their code from scratch, they are crowdsourcing it with other developers.  “When your boss asks you for a new data pipeline, you don’t open a text editor, you do research,” Beshawred said in a statement. He compares this data to a “technology graph,” connecting people to tech. For example, a startup team could connect with veteran engineers at other companies who have worked with a stack and can help give advice on which ones work and which ones do not.

What is the endgame for StackShare? According to Beshawred, being the go-to-engineer community, filling a space that other large developer platforms aren’t currently servicing. When you look at the biggest platforms, even the ones that focus on developers like Github and StackOverflow, they don’t focus on technology, they focus on code. StackOverflow has to be about a specific line of code. Github has the same problem, it has to be tied to a repo or a pull request,” Beshawred explained. “What we know as engineers, the world has moved beyond that.”

Some of these features include New Stacks, allowing developers to look at the technology that a user works with and send them a daily or weekly newsletter noting any changes or new thinking about the technology.

The company’s long-term goal is to add recruiting to its business model, as well as allowing developers access to vendors. They are currently looking at beta testing Stack Match which allows recruiters to find the engineers that exactly fit their need. Beshawred said that “If you are a recruiter, we can search for people who have used Go on AWS for a Series B startup. Today you can’t do that anywhere else.”

Source

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