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BizX

includes BizX Dollar, BizX Token

9 statements across 1 episodes · 4 bullish · 0 bearish · 1 people on the record · first statement Jan 13, 2018 by Bob Bagga · said 28 times in 1 episodes since 2018 · across every show →

Mentions by year, the whole family

brought up most by Nathan Latka (18), Bob Bagga (10)

tap a year for its mentions
001513012018episodesmentions
0112018episodes it came up in
00150.53012018episodesmentions per episode
2018 28 mentions in 1 episode

every mention, scene by scene, with the transcript →

Everything said about BizX, oldest first

Jan 13, 2018 positive
Opinion
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.”
Bob Bagga Jan 13, 2018 ▶ 12:52 903 $700m Goes Through BizX As SMB's Barter and Trade Services and Goods
Jan 13, 2018 positive
Insight
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…”
Bob Bagga Jan 13, 2018 ▶ 6:06 903 $700m Goes Through BizX As SMB's Barter and Trade Services and Goods
Jan 13, 2018 positive
Assertion Not checkable as stated
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.”
Bob Bagga Jan 13, 2018 ▶ 1:50 903 $700m Goes Through BizX As SMB's Barter and Trade Services and Goods
Jan 13, 2018 positive
Assertion Partly supported
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, …”
Bob Bagga Jan 13, 2018 ▶ 3:43 903 $700m Goes Through BizX As SMB's Barter and Trade Services and Goods
Jan 13, 2018
Disclosure
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”
Bob Bagga Jan 13, 2018 ▶ 13:15 903 $700m Goes Through BizX As SMB's Barter and Trade Services and Goods
Jan 13, 2018
Disclosure
Bagga: BizX issues advance credit lines to new network members
“We issue lines of credits in advance to new members.”
Bob Bagga Jan 13, 2018 ▶ 5:26 903 $700m Goes Through BizX As SMB's Barter and Trade Services and Goods
Jan 13, 2018
Assertion Supported
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.”
Bob Bagga Jan 13, 2018 ▶ 5:49 903 $700m Goes Through BizX As SMB's Barter and Trade Services and Goods
Jan 13, 2018
Disclosure
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…”
Bob Bagga Jan 13, 2018 ▶ 13:51 903 $700m Goes Through BizX As SMB's Barter and Trade Services and Goods
Jan 13, 2018 neutral
Assertion Not checkable as stated
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.”
Bob Bagga Jan 13, 2018 ▶ 8:09 903 $700m Goes Through BizX As SMB's Barter and Trade Services and Goods
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