Sama: Bip.so pricing probably will not be per-seat
Fani Sama · He's spent $200k already, pre revenue, list of 3,000 users. How to convert them to paid? · Oct 5, 2022 · at 2:52
Fani Sama discusses the monetization strategy for his collaborative workspace startup Bip.so with Nathan Latka.
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“The pricing cannot be per seat because it engages a larger audience. So it probably won't be per seat.”
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More from Fani Sama
Bip.so users are mostly Web3 projects paying in native tokens
“See right now basically most of our users are web three users and they pay using their own tokens.”
Sama invested $200k of personal capital with a $20k monthly burn
“So we have a burden of about 20 K per month. So I would have spent about less than 200 K so far.”
Bip.so generated 3,000 early workspaces but retains only 10 percent
“So totally we have about 3000 workspaces. But I would say that we have a retention of about 10%.”