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Toki

by Vladimir EsaulovLaunched 2021-03via Failory
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Growthproduct hunt launch
Pricingsubscription
Built in2 months
The Spark

Vladimir Esaulov, a backend engineer with over 10 years of experience, had previously failed at a game development company—a failure he attributed partly to lacking proper game analytics. A few months into the pandemic lockdown, he began asking himself: "How do marketers search for trends and measure their success on TikTok?" That question became the seed for Toki.

Building the First Version

Vladimir gave himself an aggressive timeline: two weeks for research and one month for development. He recruited his friend Alex as a co-founder; Alex handled the landing page and design while Vladimir coded. They talked to marketers about their pain points—particularly the time wasted measuring campaign success. The biggest technical hurdle was that TikTok had no official API, and existing GitHub libraries were unstable. They solved this by automatically scraping data from the app's display. Two months later, Toki was live with a subscription SaaS model offering different data tiers.

Finding the First Customers

Growth was where things fell apart. Vladimir and Alex had no marketing experience and relied on cold Facebook messages and comments in marketing groups. They got interviews with marketers who gave "crazy optimistic feedback" and some signups, but zero paying customers. A month in, they decided to launch on Product Hunt. The result was impressive on the surface: 6th place finish, thousands of visits, dozens of free users, and glowing messages saying "Toki is awesome!" But behind those metrics was a harsh reality: zero paid conversions.

What Worked (and What Didn't)

Product Hunt drove traffic and validation but didn't translate into revenue. They eventually got one paying customer on a $99/month plan who stayed for two months. Meanwhile, AWS costs were covered by YC Startup School's free tier. But the real problem wasn't operational—it was psychological. Vladimir realized he didn't have a deep connection to the problem or genuine obsession about solving it for marketers. "Founders need to feel a deep connection with the idea and the problem they are tackling," he reflected later. "I had curiosity in that market but looks like it wasn't enough to keep me motivated."

Where They Are Now

After 8 months of work, Vladimir shut down Toki. An investment fund had even indicated they'd fund a pre-seed round once they hit 20-30 paid customers—but the bootstrapping plan and lack of motivation meant they never got there. Vladimir learned a crucial lesson: validate with paying customers *before* building, not after.

Why It Worked
  • Founder-market fit matters more than product-market fit: Vladimir built a technically sound product that solved a real problem, but lacked the internal motivation and obsession required to push through the early traction phase.
  • Product Hunt virality is a vanity metric without conversion: reaching 6th place and driving thousands of visits meant nothing without a monetization strategy or founder commitment to follow up and convert.
  • Lack of pre-launch customer validation cost 8 months: Vladimir spent months building before getting a single paying customer, which meant he discovered lack of demand only after heavy sunk costs.
  • Analytics and data skills don't translate to understanding a market: Despite recognizing the importance of analytics from his game failure, Vladimir didn't have domain expertise or genuine passion for the TikTok marketing niche.
How to Replicate
  • 1.Before writing a single line of code, pre-sell your solution to at least 3-5 potential customers at your target price point, even if it's just a landing page or mock demo—this forces you to discover whether there's real demand and whether you're genuinely motivated.
  • 2.Validate founder-market fit alongside product-market fit by asking yourself: Do I wake up obsessed with this problem? Do I follow this niche? Would I use this tool myself? If the answer is no, pick a different idea.
  • 3.Launch with a specific, warm outreach strategy targeting a narrow customer segment before scaling to platforms like Product Hunt—use cold email, community forums, or direct outreach to get your first 5-10 paying customers from people who actually need what you're building.
  • 4.Set a clear revenue milestone before launch (e.g., "close 3 paying customers") rather than optimizing for vanity metrics like signups or Product Hunt ranking; this keeps focus on what actually matters.

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