Thus, there is always the possibility that Airtable or another larger company could try to hire away Stacker’s 12-person distributed team while the company is still young. Even Airtable, one of the databases that Stacker runs on, offers services that directly compete with Stacker. In 2019 alone, the more established AppSheet raked in $4.4 million with 6,600 customers, and brought in $19.3 million more in funding, according to LATKA Magazine. Stacker has had to fight to carve out its small space in the crowded market. AppSheet, founded in 2014, is a competitor that joined the scene early, along with Appy Pie and Nintex to name only a few. Stacker's competitionįor years, VCs have had an obsession with startups focusing on work optimization and easy application building. Rather than start from scratch, test, retool, and test again (a process where months can very easily turn into years), the little guy now has a shortcut to get products onto the marketplace, then rework their products as issues arise. The service gives SMBs more of a fighting chance against Leviathan tech companies, which can afford to bring the development process in-house and churn out apps at a clip that their small competitors could never hope to match. The implications of Stacker’s business model could be great for smaller entrepreneurs. “We allow them to launch something in just a few minutes, for a tiny fraction of the cost.” “We all saw these companies spending tens of thousands every month and taking six months to even launch a simple app,” said Michael Skelly. Non-tech teams don’t have to wait for engineering to take notes and get back to them - with Stacker, non-tech can press ahead by themselves, and leave devs to more technical matters. Making use of a company’s existing data from sources like Google Sheets both speeds up and democratizes the development process. Their business model seems to help SMBs and startups launch customer-facing apps in a far more timely manner than the industry standard. Stacker’s early success is not at all hard to understand. Stacker eyes small and quickly growing businesses Contracts with those customers have provided Stacker an annual recurring revenue to $1 million. Tan introduced his YouTube audience to Stacker co-founder Michael Skelly, who excitedly shared the fact that 500 different companies are using their service since it was released. The announcement came with a swath of press materials, including a promotional video from Initialized Capital’s outspoken co-founder Garry Tan.
They make use of Airtable and Google Sheets to build work optimization tools and applications they claim anyone can use. Stacker helps companies by creating digital tools and applications that you don’t need an army of devs to implement.
Initialized Capital led the round, with participation from Y Combinator, Pioneer Fund, and Makerpad.
STACKER AIRTABLE CODE
On January 26, the “No Code startup” Stacker announced a cool $1.7 million seed round.
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