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Start&Fail, Start&Fail, Start
How to survive building an international startup.
Dmytro Voloshyn
Co-founder, Preply
Preply
Preply is a global
marketplace for online
language tutoring.
The brief history of failures…
СТАРТАПИ 10 РОКІВ ТОМ
How I
envisioned
my own
business…
How I
envisioned
my own
business #2
We have built
very high
expectations…
Reality
Advice: Do MVP
2012
200k angel investment
without product
2013 2014 2015 2016 2017
💸
2018
Moved to Boston
to launch the product
"
2012 2013 2014 2015 2016 2017 2018
2012 2013 2014 2015 2016 2017 2018
Advice: Calculate your Unit
economics(CAC<LTV)
Back to Kyiv
after two months
#
2013 2013 2014 2015 2016 2017 2018
Continuos meetings
and brainstorms
20132012 2014 2015 2016 2017 2018
20132012 2014 2015 2016 2017 2018
Advice: Be persistent
We have discovered
local demand
$
2012 2013 2014 2015 2016 2017 2018
Pivoted to English
tutors in Kyiv
🔮
2012 2013 2014 2015 2016 2017 2018
Launched
Concierge MVP
&
2012 2013 2014 2015 2016 2017 2018
Advice: Do things that don’t scale
2012 2013 2014 2015 2016 2017 2018
Out of money with
$300 monthly revenue
🐣
2012 2013 2014 2015 2016 2017 2018
2014 Crisis and international push
⛏
Advice: Every crisis is an opportunity
2012 2013 2014 2015 2016 2017 2018
Reached
$10,000 milestone
⛳
2012 2013 2014 2015 2016 2017 2018
Accepted to
Techstars Berlin
2012 2013 2014 2015 2016 2017 2018
Advice: build an international culture
2012 2013 2014 2015 2016 2017 2018
1.3M
seed round
🌱
Advice: build lines not dots
2012 2013 2014 2015 2016 2017
4M
round🌳
2018
Advice: never give up
Preply in numbers
27 language classes
and 13 other
subjects
175 000 students
from 185 countries
worldwide
3x YoY growth within
the past couple of
years
90 employees
,
🎓 📈
/
How do I start again after failure?
+
Team Secret sauce
Advice: people are the key
How to build ideal team?
• Be accessible
• Be visible
• Take care of your reputation
• Always be selling
• Do not work with people who are not excited with what you do
♂
How to stay motivated
• Burn your bridges
• Observe your metrics
• Have people around
• Have fun
We are always hiring!
/in/dmytrovoloshyn
dmytro@preply.com
Dmytro Voloshyn
Questions?

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