Bob Bagga

Co-Founder, President, and CEO, BizX · 1 appearance on the record.

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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.

9statements → 4claims → 2claims resolved → 4.11/5average certainty → 1.22/5average debate potential →

1 supported 1 partly supported 0 contradicted 2 not checkable as stated how the 4 claims stand · each chip opens the sources

4 assertions · 1 opinion · 1 insight · 3 disclosures · every statement was checked. The predictions and assertions are the 4 claims: statements the public record can support or contradict. 2 are resolved, and 2 name no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Bob argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

Their most notable supported claim

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

Expressed certainty vs assessment result

none yet certainty 1

none yet certainty 2

none yet certainty 3

100% certainty 4

50% certainty 5

weighted support: a fully supported claim counts one, a partly supported claim counts half. Each filled bar is clickable and opens exactly those claims; "none yet" means nothing said at that certainty level has resolved yet

How they sound: not measured why? →

We measure speaking style by listening to the audio itself, and a fair number needs at least 2,000 words from one person on tape we have measured. There is too little of Bob Bagga on measured tape to publish a rate. This says nothing about how they speak.

What they said9 Episodes1

Everything Bob Bagga said on Top Founders that made the record, most notable first. Filter by type, assessment or year in the ledger →

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

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

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

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

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

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

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

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

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

Appearances (1)

Episode	Date	Speaking time
903 $700m Goes Through BizX As SMB's Barter and Trade Services and Goods	Jan 13, 2018	9m

Bob Bagga

The record, in short

Their most notable supported claim

Expressed certainty vs assessment result

How they sound: not measured why? →

Appearances (1)

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