HoverChat , the first Egyptian Y Combinator startup and makers of an SMS replacement application currently available for Android smartphones, is focu sed on making messaging more of a multi-tasking experience. The app also has a familiar look: its avatars, called “hoverheads,” are a lot like Facebook’s “chat heads,” but HoverChat was actually released the week before Facebook Home’s debut. To date, the app has seen over 200,000 downloads on Google Play, and is averaging around 8,000 new downloads per day. The majority of its users are under 25, according to data from Google Analytics. The company was founded in Egypt about a year ago by Wael Nafee, Mostafa Gazar and Ahmed Galal. Nafee, born to Egyptian parents, studied engineering at the University of Waterloo and spent time working in Silicon Valley before heading back to Egypt, where he met HoverChat’s other co-founders. He previously sold an OCR mobile application to a top Saudi Arabian mobile operator that all...