20

Young Entrepreneur: Garrett Gee

Garrett Gee turned a lucky guess into a business opportunity when the iPad 2 was about to come out. This university student guessed that once the iPad 2 came out, there soon would be a blog post somewhere listing the top 10 apps for the device. After recognizing there should be easier to use and less clunky QR code software and apps, he made it his mission to be the first one to offer such a product fit for the iPad 2. He quickly got the iPad 2 into the hands of his iOS developer, and after spending two sleepless nights, he had accomplished his goal. His guess about the blog post was also correct. Thanks to his hard work, he made it onto that list. He recruited two fellow classmates, and they launched Scan in February 2011. The team raised $1.5 million from venture capitalists, including Google Ventures, and in the first year Scan earned 10 million downloads. The number of downloads grew quickly, reaching 21 million by October 2011. Gee’s next move is said to be the development of a monetization plan.

Follow us on: https://www.facebook.com/needsinneed/

#needsinneed

Leave a Reply

Your email address will not be published. Required fields are marked *

%d bloggers like this: