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Bruce Pon. He\u2019s the CEO and founder of BigchainDB and he\u2019s been playing in the crypto world.

Famous Five:

• Favorite Book? \u2013 Mungerisms by Charlie Munger
• What CEO do you follow? \u2013 Vitalik Buterin
• Favorite online tool? \u2014 Streak CRM
• How many hours of sleep do you get?\u2014 At least 8
• If you could let your 20-year old self, know one thing, what would it be? \u2013 \u201cBuy bitcoin earlier\u201d

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Time Stamped Show Notes:

• 02:03 \u2013 Nathan introduces Bruce to the show
• 02:44 \u2013 Bruce built BigchainDB to manage data
• 02:55 \u2013 Bitcoin is a payments cryptocurrency in a global network while Ethereum is a business logic in a global network
• 03:11 \u2013 People pass trusted data over the blockchain network for enterprise use cases and consumer applications
  • 03:32 \u2013 From the business logic, you can exchange bitcoin and other types of value
• 03:42 \u2013 The problem with the use case on top of the bitcoin blockchain 3 years ago was it didn\u2019t scale
• 04:04 \u2013 Bruce was building io which is putting intellectual property into the blockchain
  • 04:25 \u2013 You can sell your intellectual property over the network
  • 04:48 \u2013 It was built over the bitcoin blockchain and got difficult to develop over time
  • 04:54 \u2013 Ascribe.io needed meta data about the creative work, author and licensing model
  • 05:04 - Ascribe.io isn\u2019t just built for bitcoin\u2014it\u2019s like trying to using a Lamborghini to move your house
  • 05:49 - Ascribe.io had AI, scientists and other PhDs who told them that building Ascribe.io wasn\u2019t worth it
• 06:09 \u2013 Team size is around 20 and is based in Berlin
• 06:24 \u2013 BigchainDB has raised $6M in price round series A
• 06:41 \u2013 Open source software is traditionally a dual license model
• 06:53 \u2013 BigchainDB is looking at an enterprise model
  • 07:00 \u2013 They\u2019re looking into the ICO craze too
• 07:21 \u2013 BigchainDB is like a SaaS model
  • 07:27 \u2013 They\u2019re looking at per transaction charges but it may not work for the long-run
• 07:54 \u2013 BigchainDB just released their 1.0
  • 08:08 \u2013 They give premium support
• 08:27 \u2013 Bruce is looking into 5-6 figures per month for their starting price point
• 08:58 \u2013 One-third of the work in businesses happen in the back office
• 09:13 \u2013 Blockchain allows you to have a single source of truth
• 09:29 \u2013 BigchainDB unlocks the opportunity for different organizations to have a single source of truth
• 09:48 \u2013 When you can make IoT, AI and blockchain tools, you can track the product from the inception until it gets to the customer\u2019s hand
  • 10:01 \u2013 The customer will now understand how the product is made
  • 10:03 \u2013 The regulators will know that the product followed the guideline
  • 10:07 \u2013 The company will know if there\u2019s a recall or quality issue and they will know where exactly the product is
• 10:40 \u2013 BigchainDB can work with different kinds of products
• 11:20 \u2013 Blockchain is definitely auditable
  • 11:30 \u2013 Before the product comes to you, it will be signed by entities with a cryptographic key in every process
  • 12:00 \u2013 With AI, you can also see who is in the very process of making your product
• 12:34 \u2013 The key metric Bruce is measuring is the number of people that are building upon them
• 12:56 \u2013 Target MRR is $100K by end of 2017
• 13:03 \u2013 BigchainDB is currently at $50-60K MRR
• 13:19 \u2013 Number of customers
• 13:44 \u2013 There are 300 developers in BigchainDB\u2019s channels and there are 5K clones of their software
• 13:54 \u2013 BigchainDB has 1K monthly downloads of their whitepaper
• 14:45 \u2013 The ratio of developer to clone is the 300 developers to 5K clone requests
• 16:05 \u2013 The Famous Five

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3 Key Points:

1. Data that is passed over the blockchain network can be used for enterprise use case and consumer applications.
2. The beauty of blockchain is that it is auditable and has accountability capabilities.
3. Some tools that are built over the bitcoin network won\u2019t always work; even if you have the best people in the industry.

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Resources Mentioned:

• Simplero \u2013 The easiest way to launch your own membership course like the big influencers do but at 1/10th the cost.
• The Top Inbox \u2013 The site Nathan uses to schedule emails to be sent later, set reminders in inbox, track opens, and follow-up with email sequences
• GetLatka - Database of all B2B SaaS companies who have been on my show including their revenue, CAC, churn, ARPU and more
• Klipfolio \u2013 Track your business performance across all departments for FREE
• Hotjar \u2013 Nathan uses Hotjar to track what you\u2019re doing on this site. He gets a video of each user visit like where they clicked and scrolled to make the site a better experience
• Acuity Scheduling \u2013 Nathan uses Acuity to schedule his podcast interviews and appointments
• Host Gator\u2013 The site Nathan uses to buy his domain names and hosting for the cheapest price possible
• Audible\u2013 Nathan uses Audible when he\u2019s driving from Austin to San Antonio (1.5-hour drive) to listen to audio books

Show Notes provided by Mallard Creatives