meta_pixel
Tapesearch Logo
Log in
SaaS Interviews with CEOs, Startups, Founders

1610 How This Founding Team of 2 Peacefully Removed 3rd CoFounder

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

Ceo, Entrepreneurs, Founders, Software, Business, Entrepreneurship, Saas, Startups

4.6683 Ratings

🗓️ 21 December 2019

⏱️ 14 minutes

🧾️ Download transcript

Summary

During college: 24 hackathons, 200 job applications, 0 callbacks - made a recruiting "hack". VC firm awarded grant + we raised preseed. 1.5 years, no traction, pivoted to video interviewing platform from pilot feedback. Closed paying clients + won grant w/ angel match within 2 months, focused on getting to 10k MRR ASAP.

Transcript

Click on a timestamp to play from that location

0:00.0

launched deep hire back in 2017 had some co-founder issues that they've worked out now now they're

0:04.7

focused on getting a 10 grand a month in revenue currently doing a grand per month that's 100 that's

0:08.2

eight customers paying about 150 bucks per month they've raised about 85 grand combination of angel money

0:12.9

and grants to scale it team of two in ohio again building deep hire much easier to use uh software

0:19.0

for recruiters when they're looking to capture video content from people applying and so they can get through it quickly and only invest in those videos where there's true promise in the first minute or two.

0:28.3

Hello, everybody. My guest today is Stephen Gates during college. He went through 24 hackathons, 200 job applications, zero callbacks and made a recruiting hack.

0:37.8

It was basically a VC firm awarded a grant, plus they raised some pre-cede to launch their current

0:41.4

company, deep higher.

0:43.0

They're 1.5 years in.

0:44.3

They had no traction, pivoted to video interviewing platform from pilot feedback.

0:48.1

And now they're closing paying clients, won another grant with Angel Match within two months,

0:51.5

and now focused on getting to the beautiful $10,000 per

0:54.6

month mark as soon as they can. Stephen, are you ready to take us to the top?

1:00.1

I am. Let's do it. All right. So where are you at today on that trek to 10 grand a month?

1:05.5

So right now we're doing about 1,000 in a monthly recurring revenue. That's great. So let's break

1:09.8

down kind of the backstory here. The first thousand can be the hardest sometime.

1:12.7

So when did you actually launch the company?

1:14.3

What year?

1:15.8

So we launched in 2017.

1:17.8

I think officially we incorporated in April 2017.

1:20.8

So it's right after that whole hackathon stuff.

1:23.5

And then since then we actually have three co-founders.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Nathan Latka, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Nathan Latka and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.