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Episode 3January 15, 2024
How to Bootstrap from 0 to Millions in Revenue w/ Ilya (CEO & Founder, Vanhack)
About this episode
Over 10 years of hard work, Ilya has helped over 2000 individuals change their lives. In the meantime, he built a profitable, cash-flowing business with no outside funding. While the billion-dollar outcomes get all the hype, this is what success looks like for most founders.
In this episode, we dive into how Ilya turned a resume-editing business into a multi-million dollar recruitment platform, how he landed his first customers, and exactly when he knew he had product-market fit.
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Follow the showTranscript
The full conversation.
Pablo
0:00
Today
I
spoke
with
Ilya,
the
founder
of
VanHack.
It
was
a
really
interesting
story.
I
mean,
he
started
this
business
10
years
ago.
It's
been
actually
a
really
–
it's
been
a
long
haul,
and
I
think
that's
the
reality
for
most
startups.
It’s
fun
to
dive
into
the
biggest
successes,
and
there's
obviously
a
lot
to
learn
from
them.
I
think
sometimes
it's
also,
at
least
for
me,
good
to
mix
in
some
of
the
most
realistic
cases.
I
mean,
here's
somebody
who's
built
a
startup
for
a
decade,
who
actually
had
to
bootstrap
most
of
the
time
because
VCs
really
didn't
get
it
in
the
early
days.
He
goes
through
how
he
started
with
a
very
niche
idea
and
then
expanded
over
time,
and
now
he's
helped
2,000
people
immigrate
and
literally
change
their
entire
lives.
In
the
meantime,
he's
built
a
business
that's
successful
and
just
spits
out
cash
flow
every
single
year,
which
honestly,
for
90%-plus
of
founders,
that's
really
what
success
looks
like,
and
so
hopefully,
you'll
learn
as
much
as
I
did
from
from
this
episode.
Welcome
to
the
Product
Market
Fit
Show,
brought
to
you
by
Mistral,
a
seed
stage
firm
based
in
Canada.
I'm
Pablo,
I'm
a
founder
turned
VC.
My
goal
is
to
help
early-stage
founders
like
you
find
product
market
fit.
Ilya,
welcome
to
the
Product
Market
Fit
Show.
Ilya
1:18
Thanks,
Pablo.
Excited
to
be
here.
Pablo
1:19
Really
curious
to
understand
how
it
all
started
and
then
how
you
got
to
where
you
are
today,
so
maybe
let's
really
start
there.
Let’s
start
at
the
beginning.
I
guess
the
first
question
and
this
is
what
I
often
ask
is
how
did
you
come
up
with
VanHack
in
the
first
place?
Where
were
you
at
the
time?
What
was
happening,
and
what
was
Idea
number
one?
Ilya
1:40
Definitely.
For
me,
it's
a
really
personal
business.
It
really
connected
to
who
I
am
and
my
background,
so
I
think
it's
important
to
note
or
start
with
the
fact
that
the
first
memory
of
my
life
was
actually
immigrating,
was
getting
on
a
flight
to
–
from
the
city
I
was
born
in
Siberia,
flying
to
Moscow,
then
fly
to
Tel
Aviv
to
move
from
the
Soviet
Union
to
Israel
in
1991.
It's
literally
the
first
thing
I
remember
in
my
life,
so
immigration
and
me
moving…
Pablo
2:05
How
old
were
you
at
the
time?
Ilya
2:06
I
was
2½
,
so
I
was
pretty
young.
I
remember
I've
been
an
immigrant,
and
it's
been
a
big
part
of
who
I'm
and
what
I
believe
in.
Fast
forward
two
decades
later,
I
got
a
–
I
graduated
from
university
and
got
three
job
offers;
one
in
Brazil;
one
in
China;
one
in
India.
I
ended
up
going
with
the
one
in
Brazil
because,
that
one,
I
had
been
there
before.
I
really
enjoyed
my
time
there,
and
it
also
was
the
best
paying
offer.
I
went
to
live
in
Brazil
and
that
turned
into
this
four-year
journey
where
I
ended
up
joining
a
startup
accelerator
in
Rio,
the
YC
or
Techstars
of
Brazil
back
in
2012,
and
was
the
token
foreigner
who
was
doing
the
sales
and
marketing
and
talking
to
investors
while
all
the
–
most
of
the
other
guys
were
on
the
tech
side,
CTOs
and
software
engineers.
Pablo
2:57
First
of
all,
you
mentioned,
2½
years
old,
you
move
from
Siberia,
ultimately
to
Israel.
Is
that
right?
Ilya
3:02
Yeah,
we
lived
in
a
little
settlement
in
the
West
Bank,
so
it's
timely
now
with
everything
going
on
in
the
world.
Pablo
3:07
Wild.
Ilya
3:07
Yeah,
it's
called
Offida.
It's
outside
Jerusalem.
Pablo
3:13
Now
you
live
in
Vancouver.
You
also
lived
in
Brazil.
What's
that
story?
Did
you
go
from
Israel
to
Canada?
Ilya
3:18
Yeah.
When
I
was
5,
we
moved
to
Vancouver,
'93,
right
before
the
Canucks
Stanley
Cup
run.
I
remember
the
riot
happening
outside,
anyway,
so
diehard
Canucks
fan
ever
since
then.
Pablo
3:35
Did
you
say
you'd
been
to
Brazil
before?
I
mean,
it's
not
normal
to
get
a
job
offer
from
–
it’s
more
normal
the
other
way
around,
right,
than
to
go
to
Brazil?
What
was
the
tie
there
to
Brazil?
I
think
it's
important
with
what
you
ended
up
building.
Ilya
3:47
Yeah.
The Early Days for Vanhack
Ilya
3:48
I
was
doing
undergraduate
business
at
Cornell
and
a
lot
of
my
friends
were
going
to
work
on
Wall
Street
or
consulting.
I
really
wanted
to
get
an
international
opportunity.
I
thought
that'd
be
a
differentiator
in
my
career,
and
the
time
to
go
abroad
is
when
you're
young,
at
least
for
a
short
amount
of
time
to
try
it
out.
I
was
part
of
this
–
I
was
on
the
swim
team;
I
also
was
–
worked,
and
I
was
part
of
some
leadership
groups.
I
got
this
scholarship
called
Cornell
Tradition,
which
gave
me
$4,000
of
credit
towards
any
travel
volunteer
work
that
I
did.
Usually,
people
get
that
in
their
first
year
of
university,
and
I
got
it
in
my
senior
year.
Instead
of
having
four
years
to
spend,
I
only
had
one
so
basically
did
everything
I
could
that
year.
On
winter
break,
I
went
to
Africa,
and
then
spring
break,
I
went
to
Brazil.
I
actually
vividly
remember
in
–
I
think
it
was
December
or
January
of
my
senior
year.
It
was
snowing
outside,
Upstate
New
York,
freezing
cold,
and
I
was
like,
“Hey,
I
have
this
opportunity
to
travel
abroad.
Where
should
I
go?”
My
buddy's
like,
“Dude,
you
got
to
go
to
Brazil.
You
got
to
go
to
Florianópolis.
It's
where
all
the
supermodels
from
Victoria
Secret
are
from.
It's
a
great
place
and
you'll
love
it.
Then
I
realized
later
doing
research
that
there's
no
volunteer
jobs
there
because
it's
a
pretty
well-off
part
of
the
country,
so
I
ended
going
to
Rio
de
Janeiro
and
doing
volunteer
work
there
with
an
organization
called
Hillel.
Pablo
5:11
Once
you're
in
Brazil,
you
decide
to
join
this
accelerator.
Did
you
have
a
startup
idea
at
the
time,
or
how
did
that
even
come
about?
Ilya
5:19
No.
That
was
another
random
thing.
A
friend
of
mine
from
university
posted
on
my
Facebook
while
I
was
back
–
dating
myself,
how
old
this
is,
about
this
accelerator.
It's
called
21212.
They
since
shut
down,
but
basically,
it
was
21
is
the
Rio
area
code
and
212
is
for
New
York.
It
was
an
American
guy
from
New
York
and
a
Brazilian
guy
from
Rio
who
started
it,
and
it
was
connecting
American
investors
with
Brazilian
startups.
They're
way
ahead
of
their
time,
actually.
Right
now,
lifetime
investing
is
huge.
New
bank,
a
lot
of
other
startups
have
come
out
since.
A
friend
of
my
sister
told
me
that
they're
having
their
angel
day
on
a
specific
day
and
gave
me
the
address.
I
just
showed
up,
and
people
just
assumed
that
I
was
an
angel
investor.
It
was
pretty
funny
because
I
was
just
broke
college
student
who
had
just
quit
their
job.
I
look
like
I'm
a
foreigner.
I
don’t
look
Brazilian,
so
people
just
assumed
that
I
was
one
of
those
American
investors
that
came
to
invest
in
their
startup.
They
started
pitching
me,
and
then
one
of
the
guys
there
had
done
an
internship
in
Vancouver
or
studied
English
in
Vancouver.
Him
and
I
became
friends
over
that.
He's
like,
“Yeah,
anytime
you
want
to
come
by,
just
swing
by
the
accelerator
and
hang
out.”
I
was
at
the
time
volunteering
for
a
nonprofit,
and
so
I
was
looking
for
a
real
job.
Then,
one
of
the
guys
who’s
an
accelerator,
I
got
wind
by
hanging
out
with
them
that
he
was
going
to
get
kicked
out
because
he
was
just
a
technical
guy
and
he
didn't
have
any
business
acumen,
at
least
at
the
point,
not
that
–
I
shouldn’t
say
it
like
that,
but
he
didn't
have
the
strong
business
side.
I
actually
randomly
ran
into
him
and
a
few
of
the
other
guys
on
Ipanema
Beach
on
a
Sunday,
and
I
just
turned
to
him
and
said,
“Hey,
I
think
what
you're
doing
is
really
cool.”
It
was
a
social
network
to
help
students
get
jobs.
I
was
like,
“Oh,
I
think
what
you're
doing
is
really
cool.
Could
I
join
as
a
co-founder?
Give
me
10%
equity.”
Pablo
7:14
Once
you're
in
this
accelerator,
really
what
you
start
doing
is,
besides
working
on
the
startup,
you
start
helping
a
bunch
of
different
people
who
are
more
technical
types
that
don't
–
certainly
not
strong,
let's
say,
in
English
and
so
selling
into
and
pitching
into
that
investor
audience,
and
you're
helping
them
bridge
that
gap.
Is
that
what…
Ilya
7:32
I
was
just
focused
on
my
startup.
When
I
was
in
the
accelerator,
I
was
just
like,
okay,
we
got
this
–
we
have
this
company.
Let's
raise
money.
I
remember
learning
what
a
pivot
was
and
learning
about
Y
Combinator
and
drinking
the
startup
Kool-Aid
back
then
when
I
got
my
exposure
into
the
world,
like
what
an
MVP
was,
lean
startup,
Eric
Ries,
Steve
Blank,
all
those,
learning
all
that.
It
was
like
drinking
from
a
fire
hose
there.
People
think
you
lived
in
Rio
de
Janeiro.
You
must
just
party
on
the
beach
all
day,
but
it
actually
was
the
hardest
I've
ever
worked
in
my
life.
One
of
the
hardest
times
I've
worked
in
my
life
was
when
I
was
living
in
Rio.
I
was
in
an
office
the
whole
day
up
until
10:00
p.m.
or
later,
working
on
Saturdays.
Pablo
8:08
You’re
doing
Brazil
wrong,
man.
Ilya
8:10
Yeah.
I
had
fun
too.
I
won't
lie,
but
it
definitely
was
in
the
demo
day.
There's
a
countdown.
I
remember
I
was
–
they
had
a
countdown
on
the
wall,
days
left
to
demo,
even
hours
left
to
demo
day.
I
forget
exactly
what.
Pablo
8:24
Then
you
go
to
Canada.
You're
talking
about,
once
you
go
back
to
Vancouver,
you
put
up
a
landing
page.
What
is
this
landing
page
about?
What
are
you
even
pitching
at
this
point?
The Original Idea
Ilya
8:33
Yeah.
The
original
idea
I
had
was
to
help
people
because
I
was
really
working
in
the
tech
space
in
Brazil.
I
didn't
know
that
you
can
actually
get
paid
to
do
recruiting.
I
knew
of
job
boards
and
I
knew
of
online
schools.
I
really
liked
the
online
school
model
where
you
can
create
content
once
and
sell
it
many
times.
We
were
like
a
unity
model.
I
moved
back
to
Vancouver
Canada
Day,
actually,
July
1,
2024,
sorry,
2014.
I
just
start
getting
a
lot
of
messages
on
Facebook
because
I
post
pictures
of
–
I’m
pretty
active
on
social
media,
and
so
I
posted
pictures
on
just
saying
I'm
super
happy
to
be
back
in
Vancouver,
really
nice
picture
of
the
False
Creek
and
stuff.
People
start
commenting
on
those
and
be
like,
oh,
this
is
a
so
beautiful.
One
day,
I'd
like
to
be
there,
like
in
Portuguese,
and
some
people
DMed
me
about
it.
I
thought
maybe
if
we
can
help
people
learn
how
to
code
–
come
to
Vancouver,
learn
how
to
code,
and
then
that
way
they
can
move
here
or
improve
their
careers.
That
was
the
first
idea
of
the
landing
page.
I
just
threw
it
up
on
a
lot
of
Facebook
groups,
and
people
started
signing
up.
I
think
we
got
50
signups
on
the
first
day.
The
pitch
was
come
to
Vancouver,
learn
how
to
code,
something
like
that,
and
move
to
Vancouver.
I
originally
thought
the
people
who
would
first
want
to
come
to
Canada
to
buy
my
course
or
take
the
program
–
actually,
originally
I
thought
it
would
be
like
an
in-person
course.
People
would
fly
here,
which
then
we
just
realized
it's
super
expensive.
Getting
a
visa
is
a
challenge.
Pablo
9:59
I
was
going
to
say
–
I'm
like,
really?
That's
a
big
ask.
Okay,
that
makes
sense.
Ilya
10:03
Yeah.
Cool.
I
don’t
know
you
just
–
I
just
threw
something
against
the
wall.
Pablo
10:05
That's
right.
Ilya
10:05
I
had
an
inkling,
though,
that
there
was
some
–
there
was
something
there.
I
didn't
know
exactly
what
it
was.
Pablo
10:11
If
I
remember
correctly,
when
you
were
helping
people
with
the
resumes,
you
were
unemployed,
right,
at
that
time?
It’s
just
a
memory
I
was
just
thinking
about
it.
Ilya
10:21
Yeah.
That's
actually
funny
so,
yeah,
this
other
detail.
I
ended
up
just
not
–
the
Brazilian
startups
didn't
work
out.
That's
a
whole
other
long
story
but
ran
out
of
money.
Yeah,
I
just
didn't
get
along
with
the
co-founders.
I
ended
up
getting
another
job,
moving
to
São
Paulo.
I
got
let
go
from
that
job,
and
I
came
back
to
Vancouver
with
my
then
girlfriend,
now
wife,
Giselle,
and
her
and
I
were
living
together
with
my
parents
at
26
years
old
in
my
back
–
in
the
room
that
I
grew
up
in.
I
was
also
like
looking
for
a
job
because
I
was
thinking
I
want
to
marry
this
girl.
How
could
I
marry
her
if
I
don't
have
a
job?
I
went
to
all
these
meetups,
and
I
started
looking
for
roles,
applying
to
jobs.
It's
funny.
A
few
of
the
companies
that
I
applied
to
ended
becoming
customers
of
VanHack,
like
Mobile
[
unclear]
, Hootsuite, and on Bounce too. I actually applied to work there.
Pablo
11:15
What
ends
up
happening?
You
get
this
first
–
let's
say
first
customer,
just
a
huge
deal,
$40.
Does
that
become
a
real
business?
You
ended
up,
I
would
say
–
let's
say
pivoting
or
evolving
maybe
into
something
bigger
around
recruiting,
which
is
what
we're
doing
–
what
you're
doing
now
and
what
we'll
talk
about
shortly.
How
long
were
you
running
this
kind
of
career
coaching
service,
and
how
did
that
grow?
The First Customers
Ilya
11:42
Yeah.
I
think
we
launched
the
official
website
in
January
of
2015.
It
wasn't
incorporated,
and
it
was
still
a
side
project
I
was
working.
I
ended
up
getting
a
job
at
Best
Buy
in
the
analytics
department,
not
in
the
store
but
in
the
headquarters
in
Vancouver.
Then,
afterwards,
I
left
that
job
to
work
for
a
startup
accelerator,
which
is
more
my
thing.
VanHack
was
a
side
hustle
for
the
first
year
doing
this
English
course.
I
quit
my
job
and
went
fulltime
December
31,
2015,
so
since
2016,
been
working
on
it
fulltime.
Yeah,
the
English
course
was
good.
I
mean,
it
was
definitely,
to
me,
a
real
business.
It
wasn't,
I
don't
know,
making
millions
of
dollars,
but
I
ended
up
making
more
money
from
the
English
course
than
I
was
making
in
my
day
job,
not
that
I
had
a
very
well-paying
day
job.
Pablo
12:32
You
started
off
with
the
resume
builder.
By
the
time
that
this
was
–
you're
making
more
from
this,
let's
say,
“side
hustle”
than
you
were
from
your
job.
What
was
the
full
offering?
You’re
talking
about
English
courses?
Is
Was
that
part
of
it
at
that
point?
Ilya
12:45
Yeah.
That
became
the
main
thing
is
we
would
do
group
English
courses
for
software
engineers,
and
we
called
it
tech
English.
There
was
a
lot
of
business
English
out
there
where
you
can
learn
about
how
to
do
English
in
a
business
environment,
but
there
was
no
English
for
software
engineers
where
you
can
learn
how
to
pronounce
PHP,
Ruby
on
Rails,
MySQL
correctly,
answer
common
interview
questions,
talk
about
just
general
software
engineering
terms.
I
can
share
a
funny
story.
One
of
the
students
–
or
I
used
to
go
on
sales
calls
for
that
or
a
lot
of
sales
calls
for
that
program,
and
I
had
a
call
with
one
guy.
I
was
like,
“Hey,
tell
me
more
about
yourself.”
He
was
like,
“Yeah,
well,
I'm
software
engineer.
I
have
10
years’
experience.
I
work
with
HOR.”
I
was
like,
“Sorry,
what'd
you
say?”
He’s
like,
“Yeah,
I
work
with
HOR.”
It
took
me
a
while,
but
then
I
realized
what
he
was
saying
is
R-O-R.
In
Portuguese,
you
don’t
pronounce
H’s
or
R's
are
H’s,
so
he
was
actually
saying
Ruby
on
Rails,
just
R-O-R
and
then
with
the
Portuguese
accent.
I
was
like,
“Man,
just
–
let's
stop
right
here.”
Pablo
13:49
That’s
not
going
to
help
you.
Ilya
13:49
That's
not
going
to
help
you.
Try
and
get
an
interview.
Pablo
13:53
That's
not
going
to
get
you
a
job.
Ilya
13:53
Yeah.
I
was
like
just
say
I
work
with
Ruby
on
Rails.
Pablo
13:55
What
were
you
charging,
by
the
way,
at
that
point,
or
what
was
the
business
model?
The Business Model at the Start
Ilya
13:59
It
was
a
yearly
subscription
back
then.
We
since
evolved
it
to
have
two
options
of
monthly
and
quarterly,
but
it
was,
I
believe,
500
Brazilian
reais
was
the
first
price
per
year.
Actually,
the
first
price
was
one-time
fee
lifetime.
Actually,
this
is
another
thing
that
maybe
is
a
lesson
for
people
is
that,
in
the
beginning,
actually,
I
would
just
charge
people
very
low
amount
of
money
for
a
lot
of
value
just
to
be
able
to
get
sales
and
get
customers
and
learn.
Pablo
14:21
I
mean,
the
recruiting
business
was
always
right
there,
I
guess,
but
how
did
it
really
happen?
How
did
you
specifically
see
that
and
start
going
after
that
part
of
the
funnel?
Pivoting to Recruiting
Ilya
14:34
Mm-hmm,
yeah.
It’s
true
what
you
said
about
it
always
being
right
there.
I
had
a
notion
that
there
could
be
this
recruiting
business
because
a
few
people
had
told
me
that.
Actually,
when
I
was
working
at
one
of
my
jobs
before,
the
job
I
got
actually
before
going
to
Best
Buy,
what
was
worked
as
a
software
development
company,
and
we
had
to
recruit
software
engineers
for
that
job,
and
it
just
ended
up
being
my
job
to
do
that.
I
remember
working
with
a
recruiter
and
learning
about
that
space,
but
I
didn't
really
understand
exactly
how
it
worked.
I
just
knew
that
there's
–
there
could
be
something
there,
but
it
all
started
when
–
we
used
to
go
to
these
TechVibes,
TechFest
events
where
recruiting
–
basically,
recruiting
fairs
where
a
lot
of
the
city
startups
and
a
few
of
the
larger
companies
would
get
–
go
into
this
big
conference
room.
People
would
network
and
try
and
get
jobs.
Then
every
startup
would
also
pitch
themselves
at
the
–
on
stage.
We
would
take,
actually,
a
laptop
and
do
a
webinar
and
livestream
the
recruiting
fair
to
all
of
our
VanHackers,
most
of
them
from
Brazil
but,
at
this
point,
a
lot
of
them
from
other
parts
of
the
world
too.
I
would
go
to
every
booth
and
say,
“Hey,
I'm
not
just
a
crazy
guy
with
a
laptop.
I
actually
have
a
few
hundred
engineers
here
who
are
looking
for
jobs
in
Vancouver.
Would
you
like
to
pitch
your
startup
to
them?”
The
HR
person
would
go
ahead
and
pitch,
and
then
I'll
be
like,
“Hey,
what's
your
tech
stack?”
They
say,
“Oh,
it's
Java
and
React.”
I
said,
“Okay,
well
any
Java
and
React
engineers
here?
Please
say
so
in
the
chat.”
Then
we
had
15
people
in
the
chat
say,
“Hey,
yeah,
me,
me,
me,
me,
me.”
Pablo
16:05
I
have
to
ask,
by
the
way,
does
that
–
that's
not
a
normal
thing.
It's
really
smart.
Was
that
normal
idea
for
you,
or
how
did
you
come
up
with
–
how
did
you
even
think
about
I’m
going
to
go
to
this
career
fair
with
a
laptop?
Ilya
16:17
I
honestly
don't
even
remember.
I
think
we
just
went
to
one
with
some
of
the
local
VanHackers,
some
of
our
community
members
who
are
in
Vancouver
already
for
the
first
one.
You’re
like
this
is
really
great,
and
then
we
would
do
a
lot
of
webinars.
Webinars
were
a
really
large
way
for
us
to
sell
the
course
because
what
we
would
do
is
we
would
have
a
webinar
and
then
be
like,
hey,
everyone
who
joined
the
webinar,
you
guys
get
a
15%
discount
if
you
buy
in
the
next
24
hours.
That
was
a
really
good
sales
method
for
us.
We
started
a
lot
of
digital
marketing
courses
back
then,
and
that
was
a
way
that
they
sold
info
products.
I
was
like,
well,
the
best
content
for
us
is
really
the
companies.
Who
are
the
companies?
We
make
blog
posts,
like
the
top
10
companies
to
work
for
in
Canada
or
something
like
that,
the
best
startups
to
join.
I
don't
know
exactly
how
–
it’s
been
such
a
long
time.
I
don't
remember
exactly
where
the
idea
came
from,
but
I
do
remember
going
to
two
or
three
of
these
events.
I
even
went
to
one
in
Dublin
and
did
the
same
thing
in
Dublin.
I
was
always
really
interested
in
this
kind
of
concept
of
bringing
people
who
can
physically
be
there
to
be
there
virtually.
Pablo
17:20
The
East
Side
Games
was
your
first
hire.
I'm
sure
that
was
a
pleasant
surprise.
What
do
you
do
from
there?
I
mean,
you're
still
running
the
school.
Do
you
start
right
away
focusing
on
recruiting
and
earning
more
from
recruiting,
or
do
you
have
a
few
of
those
other
kind
of
serendipity
–
serendipitous
moments
that
really
awaken
your
–
awaken
you
to
the
opportunity
that
exists
in
recruiting?
Ilya
17:42
No,
we
went
–
started
going
pretty
strong
on
recruiting
because
realized
–
because
we
were
making,
I
think,
at
the
time
–
I
forget
exactly
how
much
it
was,
but
I
remember
the
Thinkific
hire.
We
made
more
money
that
–
from
the
Thinkific
hire
than
all
of
the
new
ARR
that
we
added
that
month
for
the
English
school,
and
there
was
a
lot
more
work
for
the
English
school.
I
was
giving
all
the
classes.
I
was
doing
most
of
the
sales.
I
was
in
Slack
24/7
chatting
with
people
on
DM.
It
was
a
lot
of
work
to
service
that,
but
to
hire,
we
just
did
a
webinar.
Then
the
money
came
and
then
that's
it.
There
wasn't
any
other
work
there.
I
was
like,
you
know
what?
Let's
go
all
in
on
the
recruiting
side.
Then
we
also
changed
the
price
to
15%.
We
since
changed
it
to
20%
of
annual
salary
per
hire.
I
remember
making
our
first
15%
hire,
happened
really
in
a
funny
story.
I
was
just
waiting
for
my
wife
to
get
ready
on
a
Friday
night
to
go
for
dinner,
and
I
was
like,
huh,
I
got
some
time.
I
remember
there
was
a
Java
developer
I
just
met
and
this
company
Traction.
The
man
was
hiring
Java
developers,
so
I
just
sent
an
email
connecting
Anthony
and
Fernando,
didn't
think
much
of
it.
A
few
weeks
later
there's
–
they
said
again,
“Hey,
we
hired
Fernando.
”
The
salary
was
100K,
and
so
we
made
$15,000
from
that.
I
was
just
like,
damn,
this
is
incredible.
Yeah,
it
just
opened
my
eyes.
This
is
a
big
side
of
the
business.
Pablo
19:04
What
were
some
of
the
unique
things
that
you
did?
I
mean,
recruiting
is
an
old
business,
and
one
of
the
challenges
with
it
being
a
services
business
is
it's
pretty
hard
to
scale.
You’re
only
as
good
as
the
recruiters
you
hire
and
these
sort
of
things.
What
were
some
of
the
things
that
you
were
doing
that
were
unique
that
you
felt
like
were
maybe
either
more
tech
enabled
or,
at
the
very
least,
more
scalable?
The Vanhacker's Community
Ilya
19:28
I
think
the
biggest
thing
for
us
was
the
community
side
of
things
so
building
the
community.
For
example,
I
think
I
mentioned
this
a
few
minutes
ago,
but
our
candidates,
they
call
themselves
VanHackers,
so
there’s
really
this
feeling
of
we’re
in
it
together.
I
think
that
started
because
we
have
that
English
school
or
education
in
our
DNA
of
we're
all
students
in
the
same
classroom
working
together,
friends,
and
trying
to
learn
and
get
to
the
same
success
outcome.
What
I
think
that
did
is
that
made
people
really
want
to
invite
their
friends
to
VanHack,
tell
them
about
us,
and
believe
in
us.
We
have
a
Slack
group
with
about
90,000
people
in
it
where
we
chat
with
our
engineers
and
candidates
pretty
often,
education
content.
Creating
that
community
vibe,
which
makes
it
so
that
candidates
are
applying
to
jobs
quickly,
and
we
can
get
candidates
that
are
really
good.
Yeah,
I
think
that's
a
big
thing.
Another
thing
I
think
that's
important
is
we
did
build
a
software
platform,
right?
We
ended
up
hiring
from
ourselves.
Our
CTO
Tiago
was
actually
our
first
employee
still
with
us
today,
built
out
this
combination
of
a
learning
management
system
and
an
application
tracking
system
and
did
a
lot
of
tech
work
to
automate
the
processes.
Pablo
20:39
Yeah.
Tell
me
more
about
–
so
the
candidate
side,
I
think
that's
a
clear
edge
in
the
sense
that,
if
you're
going
to
developing
countries,
there's
going
to
be
way
more
engineers
or
just
high-quality
candidates
in
general
that
will
resonate
with
the
value
prop
because
they
see
the
opportunity
of
living
abroad.
Maybe
they
specifically
want
to
learn
abroad,
they
want
to
make
more
money,
whatever
it
is.
The
ROI
for
them
is
pretty
clear.
What
was
it
like,
though,
landing
on
the
customer
side?
There
you're
competing
with
just
about
any
other
recruiter
who
also
charges
15
to
20%,
who
also
promises
great
candidates.
What
was
that
part
like?
Any
stories
to
share
there
in
terms
of
how
you
got
these
customers
to
try
you
and
then
to
continue
to
rely
on
you
to
make
hires,
which
is
not
easy?
Senior Candidates that Stayed Longer
Ilya
21:28
Generally,
the
biggest
thing
was
just
that
we
had
a
lot
of
senior
candidates
available,
and
then
we
could
provide
them
very
quickly,
right?
Other
recruiters
would
come
in
and
say
we
can
probably
send
you
some
resumes
in
a
few
weeks,
and
they're
probably
sending
the
same
resumes
as
everyone
else
because
there's
not
–
just
not
that
many
people
who
are
looking
for
jobs
inside
the
same
city,
whereas
we
had
new
fish
that
we
can
bring
to
the
pond,
if
you'll,
so
we
had
this
talent
pool.
I
always
say
this
and
it's
true
that
there's
more
engineers
who
want
to
move
to
Canada
than
there
are
in
Canada
right
now.
There's
just
probably
10
times
more
and
especially
if
you're
looking
for
the
ones
who
are
looking
to
work.
Also,
it’s
you
have
to
say
that,
for
startups,
they're
budget
conscious,
so
they
can
find
a
software
engineer
who's
willing
to
work
at
a
little
bit
lower
rate.
That's
important
too.
Then
over
time
realizes,
our
engineers
as
well,
they
stay
longer,
stay
for
about
three
and
a
half
years.
We
didn't
know
that
in
the
beginning
because
we
just
–
we’re
just
getting
started,
and
the
beginning
was
all
about
like,
hey,
I
have
this
Ruby
engineer.
I
would
literally
edit
resumes
and
remove
contact
information.
We
also
used
to
send
out
Excel
files
where
we
have
skills
of
people.
Here’s
Engineer
1
would
have
five
years
of
experience
overall
and
worked
with
Ruby,
blah,
blah,
blah,
blah,
and
Engineer
2
and
3
and
4.
We
just
had
what
people
wanted,
supply
and
talent,
whereas
other
recruiters,
I
mean,
I'm
sure
they
were
also
great,
but
they
just
maybe
didn't
have
as
many.
Really,
I
think
when
we
hit
product-market
fit
on
that
side
of
things
was
when
we
started
getting
customers
asking
us
for
a
lot
of
engineers.
Pablo
22:58
At
that
point,
what
were
some
of
–
especially
in
those
early
days
when
you
still
–
now,
I
think
VanHack
is
a
pretty
known
name,
certainly
in
Canada
and
probably
abroad.
In
those
early
days,
what
were
some
of
your
best
tactics
to
land
customers,
and
how
much
was
inbound
versus
outbound
and
specifically
on
the
–
and
on
either
side,
what
were
some
of
the
things
that
were
working
really
well
in
those
early
days?
Outbound Strategies
Ilya
23:19
Yeah.
It
was
all
outbound.
It
was
all
outbound,
just
cold
calling,
cold
email,
LinkedIn,
going
to
tons
of
meetups,
tons
of
events,
hiring
fairs,
startup
events.
I
think
you
and
I
met
at
SaaS
North,
I
believe,
just
going
to
events,
so
really
just,
again,
hustle.
One
of
my
favorite
tactics
to
get
people
to
believe
in
what
we're
doing
is,
when
I
meet
someone
on
a
sales
call
or
go
into
their
office
and
have
a
meeting
or
run
into
them
at
an
event
is
I
got
to
ask
them.
Tell
me
who
you're
looking
to
hire.
They
say
I'm
looking
for
a
Ruby
developer
with
10
years’
experience.
Then
I
would
go
to
the
Slack
group
that
we
have
and
say,
hey,
I'm
here
with
CEO
of
X
company,
and
they're
looking
to
hire
Ruby
on
Rails
developer
with
10
years’
experience.
Anyone
here
with
that
description
who
wants
to
move
to
Ottawa,
please
comment
here,
and
then
we
would
continue
the
conversation.
Then
maybe
10,
15
minutes
later
I'd
be
like,
hey,
let's
check
if
anyone
commented
on
the
post,
and
then
I
would
pull
out
my
phone
again
and
open
Slack.
There’d
be
10
people
who'd
say,
hey,
me,
me,
me,
me,
me.
Pablo
24:20
Love
that.
That's
great.
Ilya
24:20
Yeah.
It
just
was
real
–
hey,
this
is
actual
people,
actual
talent
who
actually
want
to
work
for
this
company.
It's
not
about
just
me
talking.
I
can
talk
all
day
but
if
I
can
show
you
on
the
phone
here’s
real
people.
I
would
open
up
their
profile
on
Slack
with
their
profile
picture.
Here’s
Pablo.
He
wants
to
work
for
you,
right?
Actually,
we
have
a
lot
of
people
named
Pablo
get
hired,
sorry,
anyway.
Yeah,
that
was,
I
think,
probably
one
of
the
best
tactics.
Referrals
were
really
good
as
well
as
businesses
started.
I
think,
with
recruiting,
it's
a
double-edged
sword.
There's
a
lot
of
players
out
there.
There's
a
lot
of
not
so
good
reputation
players
out
there.
There's
a
lot
of
noise,
and
it's
hard
to
gain
trust.
Once
you
do
gain
trust
and
maybe
have
a
few
success
cases
with
a
company
–
think
of
the
interest
is
to
Article
[ph]
and
Article
ended
up
hiring
20
people
from
us
over
the
year.
Yeah.
It’s
just
a
lot
of
that.
We
also
would
do
a
lot
of
work
with
accelerators.
Then
one
thing
that
we
did
really
well
and
then
maybe
we
should
bring
this
back,
actually,
is
we
had
these
events
called
Leap
where
we
would
have
engineers
fly
to
cities
that
they
want
to
move
to
and
spend
a
week
living
there
and
going
to
–
and
we
would
set
up
a
recruiting
fair
with
our
engineers.
This
was
really
good
because
all
we
would
have
to
do
to
a
company
to
get
them
to
take
a
chance
on
us
and
say,
hey,
come
to
this
meetup
on
Monday
night
at
5:00
p.m.
at
Mars.
There's
going
to
be
some
beer
and
food,
and
there's
going
to
be
15
engineers
who
want
to
move
to
Toronto.
Would
you
like
to
meet
some
of
that
–
some
of
them,
no
cost?
Just
go
there.
You
only
pay
us
if
you
hire
someone.
Those
were
really,
really
good
because
we
would
end
up
creating
a
little
mini
marketplace
where
we'd
have
10,
15
startups
from
Toronto;
10,
15
engineers.
Then
the
best
two
would
get
two
or
three,
five
job
offers.
We
had
this
one
lady
from
India,
Pritika,
who
got
five
job
offers.
A
few
people
got
five
or
six
job
offers
during
those
events.
Pablo
26:15
That’s
helpful.
Then
you
went
through
Techstars,
so
you
kind
of
went
through
the
accelerator.
Obviously,
you
took
some
money
from
them.
Did
you
end
up
raising
VC?
Did
you
try
to
raise
VC,
or
did
just
go
more
the
the
bootstrap
route?
Ilya
26:27
Yeah.
We
did
Techstars.
We
did
a
few
other
accelerators
too
that
were
equity
free,
one
called
Start-Up
Chile,
the
other
one
called
Fit
4
Start
and
then
Luxembourg,
and
after
Techstars
–
and
it
just
general
all
the
time.
I
mean,
I’ve
always
like
wanted
to
raise
money,
especially
since
being
in
the
accelerator
back
in
2020
at
21212.
There's
that
demo
day,
and
then
just
I’ve
always
wanted
that
dream
of
the
TechCrunch….
26:47
Hype.
Ilya
26:47
Right,
the
TechCrunch
hype.
I've
yet
to
get
a
TechCrunch
article,
one
day,
anyway.
No
one
would
invest
in
us
because
they're
like
this
is
just
a
lifestyle
business.
It's
services
company.
I
got
a
lot
of
the
same
thing.
It's
not
a
SaaS,
so
it's
not
scalable.
After
demo
day
at
Techstars
in
Germany,
Berlin,
we
tried
to
raise
half
a
million
euros,
and
it
just
didn't
work
at
all.
Everyone
said
no,
so
we
decided
to
focus
on
customers.
We
made
more
than
half
a
million
euros
in
revenue
in
the
last
three
months
of
that
year.
That
was
just
a
moment
for
me
to
be
like
you
know
what?
Let's
not
raise
right
now
and
just
focus
on
customers
and
growth.
We
did
since
end
up
raising
–
last
year,
we
raised
from
a
firm
from
Houston,
Texas
called
Golden
Section,
which
has
been
great.
They're
much
more
capital
efficient,
not
so
much
Silicon
Valley
VC
style.
Pablo
27:42
That's
great.
Let’s
stop
it
there.
Maybe
we'll
just
end
on
the
two
questions
that
we
always
end
on.
The
first
one,
yeah,
I
think
you
touched
on
this
a
little
bit,
but
when
did
you
feel
like
you
had
true
product-market
fit?
Finding True Product Market Fit
Ilya
27:55
Yeah.
I
think
it
was
when
they
did
the
recruiting
fair
for
SkipTheDishes
in
Brazil.
They
came
to
us.
I
think
it
was
either
right
before
or
right
after
they
got
bought
by
Just
Eat.
I
think
it
was
right
after,
and
Just
Eat
told
them
scale
as
much
as
you
can.
They
had
this
really
big
problem
of
Friday
and
Saturday
nights
having
huge
amounts
of
traffic.
They
didn't
have
that
much
traffic.
You
think
a
food
delivery
app,
right?
They
don't
have
that
much
traffic
on
Monday,
Tuesday,
Wednesday.
Then
Friday
night
comes,
and
everyone's
ordering
food.
Saturday
night,
everyone's
ordering
food.
Their
traffic
got
so
big
that
they
ended
up
crashing.
Daniel,
one
of
the
co-founders,
was
telling
me
that,
if
they
crash,
they
have
this
huge
–
because
they're
a
logistics
company,
and
so
everything
gets
out
of
work
and
out
of
order.
It
takes
them
forever
to
get
back.
Anyway,
it's
a
big
problem
for
them
that
they
can't
have,
and
at
the
same
time,
they
were
hiring
basically
every
engineer
in
the
prairies.
They'd
started
poaching
from
their
friends
startups,
and
they
just
became
this
upward
spiral
in
salaries.
It
was
a
big
problem
for
them.
We
helped
them
hire,
I
think,
five
or
six
people
in
a
couple
of
months
and
realized
that
we
have
–
we
had
a
good
talent
pool.
They
asked
me,
“Hey,”
they’re
like,
“what
can
we
do
to
hire
as
many
engineers
as,
as
fast
as
possible?”
I
gave
them
a
list
of
all
these
things
like
doing
the
webinar
and
a
couple
other
things
that
I
was
thinking
we
could
do.
Then,
as
a
throwaway
at
the
end,
I
said,
“Well,
why
don't
we
fly
to
São
Paulo,
which
is
the
biggest
city
in
Brazil,
and
we
can
rent
a
conference
room
and
do
a
hackathon
over
a
weekend?
Then
you
can
interview
a
lot
of
developers
in
person
that
way
and
make
a
lot
of
hires.”
They
actually
went
for
that,
and
we
did
a
hiring
fair
in
March
2018
where
we
had
about
300
engineers
come
in
over
two
days,
work
on
a
hackathon
project,
and
then
do
speed
interviews
with
their
tech
team
as
well
as
their
HR
team
and
end
up
getting
72
engineers
hired
from
that
event.
Yeah,
this
is
product--market
fit
right
here.
Pablo
29:45
You’ve
helped
now
2,000
people,
over
2,000
people.
Really,
you
could
say
find
–
get
a
job,
but
it's
much
more
than
that,
really.
It's
like
change
their
lives.
It
sounds
cliché
but
it’s
actually
–
it's
real.
As
somebody
whose
parents
–
for
me,
my
parents
moved
from
Argentina
to
Canada.
Getting
a
job
that
enables
you
to
make
that
transition
really
does
change
your
life,
so
the
impact
that
you
are
having
is
hard
to
overestimate.
Maybe
the
last
question
then,
which
is,
if
you
could
go
back
to
your
younger
self
starting
VanHack
around
2014
with
one
piece
of
advice,
what
would
it
be?
One Piece of Advice
Ilya
30:25
For
me
and
it
still
applies
today
is
I'm
very
much
in
my
head
and
always
wanting
next
step
and
thinking
the
–
how's
the
future
going
to
be?
I
think
the
biggest
thing
is
just
stay
in
the
moment
because
you
can
only
really
control
what
you
can.
The
future
is
never
as
good
or
as
bad
as
you
think
it's
going
to
be.
I
remember
early
days
and
still
to
this
day
thinking
about
what
it’s
going
to
be
like
in
the
future,
how
it’s
going
to
–
how
are
we
going
to
solve
this
problem,
etc.?
I
think
just
being
grounded
and
stay
in
the
moment
is
a
big
one.
Yeah,
I
think
that’s
the
biggest
thing.
There's
a
bunch
of
other
stuff
too.
Pablo
31:01
I'm
sure.
I
mean,
after
10
years,
a
lot
of
things
to
learn,
man.
Look,
Ilya,
this
was
great,
tons
of
stories,
tons
of
details,
and
even
some
outbound
tactics
that
I
think
a
lot
of
founders
hopefully
can
steal
and
adapt
in
their
own
startups,
so
thank
you
so
much
for
taking
the
time
to
chat
with
us
today.
Ilya
31:20
My
pleasure.
Yeah,
if
anyone
wants
to
talk
outbound
strategy
or
anything
like
that,
it's
always
fun
for
me
to
do
that
so
happy
to
reach
–
if
you
reach
out,
happy
to
chat.
Thanks,
Pablo,
for
having
me.
Pablo
31:31
If
you've
listened
to
this
episode
and
the
show
and
you
like
it,
I
have
a
huge
favor
to
ask
for
you.
It's
actually
a
really
small
favor,
but
it
has
huge
impact.
Whichever
app
you're
listening
to
this
episode
on,
take
it
out,
go
to
Product
Market
Fit
Show,
and
leave
a
review,
please.
It's
going
to
help.
It's
not
just
going
to
help
me,
to
be
clear.
It's
going
to
help
other
founders
discover
this
show
because
the
algorithms
–
whether
it's
Spotify,
whether
it's
Apple,
whether
it's
any
other
podcast
player,
one
of
the
big
things
they
look
at
is
frequency
of
reviews.
It's
quantity
of
reviews,
and
the
reality
is,
if
all
of
you
listening
right
now
left
reviews,
we
would
have
thousands
of
reviews.
Please,
take
literally
a
minute.
Even
if
you're
just
writing
great
podcast,
or
I
love
this
podcast,
whatever
it
is,
just
write
a
few
words.
Obviously,
the
longer
the
better.
The
more
detailed
the
better.
Write
anything,
leave
five
stars,
and
you'll
be
helping
me
but,
most
importantly,
many
other
founders
just
like
you
discover
the
show.
Thank
you.