Phani Sama
- CEO and Co-Founder at bip.so
GetLatka interview
How Bip.so Built 3,000 Workspaces Pre-Revenue While Burning $20K Per Month (Interview with CEO Phani Sama)
Phani Sama (CEO and Co-Founder of bip.so) spoke to Nathan Latka on September 29, 2022.
bip.so figures from the interview
- Total Workspaces Created (September 2022)
- 3,000
- New Workspaces (September) (September 2022)
- 100
- Monthly Burn (2022)
- $20K/month
- Team Size (2022)
- 10
- Workspace Retention Rate (September 2022)
- 10%
“So we have a burn of about 20 k per month. So I would have spent about less than 200 k so far. Yeah.”
“So the number of users coming in and starting their workspace on Bip. So we're finding very good traction in the Web three space because that's how the work happens in Web 3.0. Web 3.0 products are built as communities.”
“So totally, we have about 3,000 workspaces. But I would say that we have a retention of about 10%. So out of this 100, we'd expect 10 of them to be very active going forward.”
Bio
I am one of the Founders of bip.so Prior to bip, I founded redBus.com, the world’s largest online bus ticketing company with operations in 6 countries and sales of ~$1B. After exiting redBus, I Co-Founded Kakatiya Sandbox, and worked for Government as the Chief Innovation Officer, Govt. of Telangana, India. I am a Young Global Leader (YGL) at the World Economic Forum and have I received the Fortune 40 under 40 award twice. I serve on the board of T-Works, India’s largest hardware prototyping center. I hold B.E (Hons) with distinction from BITS-Pilani, and live in Bangalore, India.