Bob Bagga
Co-Founder, President, and CEO, BizX. On 1 show, 1 appearance. The Shows tab opens the full record on each.
founderexecutiveauthor
Bob Bagga co-founded BizX in 2002, building a B2B barter network powered by a digital private currency enabling businesses to trade surplus goods and services without spending cash. Prior to BizX, he launched the Barter Business Exchange and served as COO of UBarter.com.
1shows
1appearances
9statements
2resolved
1supported
0contradicted
50%fully supported
Everything Bob Bagga said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Bagga: Trade Networks Only Work If They Drive Incremental Business
“The way this really works and why this makes sense is, is because it's all new and incremental business. If somebody was already a customer, this doesn't make sense. And they don't, they, you know, it's all about, can we drive new business that they never woul…”
Bagga: BizX facilitated $700M in transactions, saving members $300M in cash
“And so, based on an average incremental cost of about 50%, that's seven hundred million dollars in transactions represents about three hundred million dollars in actual cash saved to our members.”
Bagga: BizX has over 5,000 business members including Raiders and Giants
“We don't carry any inventory. We literally have a community of over 5000 businesses that are participating that agree to accept biz X currency. And that's everybody from the plumber to the electrician to large major sports franchises like the Oakland Raiders, …”
BizX Charges a 7.5% Fee on All Platform Purchases and Sales
“They pay us a transaction fee, which is seven and a half percent is paid to us on all purchases and sales.”
Bagga: BizX generated over $12M revenue on $100M volume in 2016
“So last year, our transactions were just under a hundred million. Our revenue was just over twelve million dollars.”
Bagga: BizX is a liquid currency network, not a barter business
“We're not in the barter business. We really have a, we are a We actually really have a currency that is liquid that enables people to buy and sell amongst each other.”
BizX bootstrapped with $65,000 and turned cash-flow positive in eight months
“When we started the company, we were 65,000 dollars of my own money, bootstrapped it, we were cashflow positive eight months in”
BizX has raised just under $1M in total funding
“And then we did a small angel round with some prominent local angels here in Seattle.
And we've been using that.
Nathan Latka: What was that?
Nathan Latka: How much was that round?
Bob Bagga: Just under a million bucks.
Nathan Latka: Okay, so and that's all yo…”
One line per show, most statements first. The link opens Bob's full record on that show: the calibration, argument clarity, speaking style and every statement made there.
| Show | Role there | Eps | Statements | Record | |
|---|---|---|---|---|---|
 TOP FOUNDERSLEDGER | Co-Founder, President, and CEO, BizX | 1 | 9 | 50% 1/2 | full record on Top Founders → |