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Bob Baga

๐Ÿ‘ค Speaker
145 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
903 $700m Goes Through BizX As SMB's Barter and Trade Services and Goods

So, um, uh, I'm part of a group at the time it was called YEO today.

SaaS Interviews with CEOs, Startups, Founders
903 $700m Goes Through BizX As SMB's Barter and Trade Services and Goods

It's called EO.

SaaS Interviews with CEOs, Startups, Founders
903 $700m Goes Through BizX As SMB's Barter and Trade Services and Goods

Uh, I was sitting in my forum and it was October, 2001.

SaaS Interviews with CEOs, Startups, Founders
903 $700m Goes Through BizX As SMB's Barter and Trade Services and Goods

It was right after September 11th.

SaaS Interviews with CEOs, Startups, Founders
903 $700m Goes Through BizX As SMB's Barter and Trade Services and Goods

So I'd been out of the business for about 18 months.

SaaS Interviews with CEOs, Startups, Founders
903 $700m Goes Through BizX As SMB's Barter and Trade Services and Goods

And, you know, everybody's freaking out about what's going on.

SaaS Interviews with CEOs, Startups, Founders
903 $700m Goes Through BizX As SMB's Barter and Trade Services and Goods

And we're sitting with my forum and, you know, you're supposed to share from your experience.

SaaS Interviews with CEOs, Startups, Founders
903 $700m Goes Through BizX As SMB's Barter and Trade Services and Goods

I'm like, well, hey, one of the ways you can do you can help your business right now when everything is kind of seized up is you could, you know, trade amongst yourselves and there's a way to do it.

SaaS Interviews with CEOs, Startups, Founders
903 $700m Goes Through BizX As SMB's Barter and Trade Services and Goods

Well, by the end of the meeting, my forum mates had convinced me to, you know, get back into this business.

SaaS Interviews with CEOs, Startups, Founders
903 $700m Goes Through BizX As SMB's Barter and Trade Services and Goods

And BizX was born.

SaaS Interviews with CEOs, Startups, Founders
903 $700m Goes Through BizX As SMB's Barter and Trade Services and Goods

so that's how it got started i never thought i would get back into this business and the idea was again our origins were this bartering uh group where i would say in 2012 really looking forward i saw the opportunity you look at alternative currencies and you saw this first coming in gaming and today you see crypto but the idea was is that

SaaS Interviews with CEOs, Startups, Founders
903 $700m Goes Through BizX As SMB's Barter and Trade Services and Goods

we're not in the barter business we really have a we actually really have a currency that is liquid that enables people to buy and sell amongst each other and so that is where our

SaaS Interviews with CEOs, Startups, Founders
903 $700m Goes Through BizX As SMB's Barter and Trade Services and Goods

where the re-energized growth came from.

SaaS Interviews with CEOs, Startups, Founders
903 $700m Goes Through BizX As SMB's Barter and Trade Services and Goods

It was like, okay, how do we really, really scale this?

SaaS Interviews with CEOs, Startups, Founders
903 $700m Goes Through BizX As SMB's Barter and Trade Services and Goods

When I first started- Did you bootstrap?

SaaS Interviews with CEOs, Startups, Founders
903 $700m Goes Through BizX As SMB's Barter and Trade Services and Goods

Yeah, so going back, when we started the company, we were $65,000 of my own money, bootstrapped it.

SaaS Interviews with CEOs, Startups, Founders
903 $700m Goes Through BizX As SMB's Barter and Trade Services and Goods

We were cashflow positive eight months in.

SaaS Interviews with CEOs, Startups, Founders
903 $700m Goes Through BizX As SMB's Barter and Trade Services and Goods

And we had no interest in being huge investors

SaaS Interviews with CEOs, Startups, Founders
903 $700m Goes Through BizX As SMB's Barter and Trade Services and Goods

uh no interest and we were very very uh you know we were very very select in a very very small boutique shop and it was all about how much cash can we drive and how much top line revenue and and and very well and so the opportunity and we didn't even spend a lot of money in technology and so the real idea behind big growth and scalability

SaaS Interviews with CEOs, Startups, Founders
903 $700m Goes Through BizX As SMB's Barter and Trade Services and Goods

uh, really came in and around 2012.