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What is the best and worst thing about being a startup Co-founder for Christoper Gvenetadze?

Updated: Apr 26, 2022

What is your company doing?

Automating administrative tasks for academies

Why is now the best time for your startup to exist?

The increasing adoption of SaaS solutions and SMSMEs 'E's strong appetite to automate manual tasks provides us the perfect foundation to gain traction relatively fast

What motivates you to get out of bed in the morning?

Two things: Knowing that our solution solves real problems, which cause organizations to waste valuable resources, and having a crystal clear understanding of how to offer an even further improved product

Tell us what is the best and worst thing about being a startup founder?

Two of our founding team members come from institutional banks where you have a very structured workflow with little out-of-the-box challenges. Starting our entrepreneurial journey enabled us to challenge this status quo on a daily level, which is extremely rewarding once it works out, but very stressful throughout the process. Nevertheless, after some time you get used to it and actually see the beauty of creating something from scratch. It reminds me of pottery, where it's up to your imagination what you make out of a chunk of clay.

EduPays team

What fuels your team?

We have a completely flat hierarchy when it comes to incorporating ideas into the decision-making process and empowering each member of the team to utilize their skills effectively. For any organization, no matter its size, it's absolutely crucial for every smallest contribution to be acknowledged, in order for each team member to know that they matter in the organization and play an important role in its overall growth. Our team members are problem solvers and result-oriented, which constantly accelerates our growth as a market player and improves the product.

Where do you find your inspiration?

We are amazed by the small academies that are constantly finding new ways to further scale and optimize their business with the limited resources they have. The constant strive towards excellence and growth through offering a valuable product to society is truly inspirational.

Who is your favorite investor? and why?

It would be Bill Ackman, CEO of Pershing Square Capital Management, whose track record as a successful hedge-fund manager has been paved by proving unthinkable and continuing with his strategy even if everyone considered him insane for it. I think every entrepreneur needs that level of determination combined with extremely data-driven strategy formation.

Bill Ackman

If you were an investor who would you invest in?

We would invest in breakthrough water-related and anti-flood technologies because both are core parts of the puzzle, which need to be found in the next 10 years in order to avoid serious human catastrophes and consequent economic damages far exceeding our current expectations.

Your favorite Georgian start-up and why so?

Our favorite Georgian startup would be Stack. It's usually difficult to introduce new technology to consumers, but making a consumer rethink a product they have been using for the past 15 years is a whole different league. Stack has revolutionized the browsing experience and surpassed the initial hurdle of convincing the broad market and has proven itself of being more productive.

If you had a magic wand what would you change in your daily life?

Definitely, being able to add a couple of hours to our day. The busier you get you tend to understand the value of time.

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