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Bump CEO: Focused on Making Great Products, Not Profits

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  • Description

    Bump CEO David Lieb weighs in on the iPhone 5 and its new app.

  • Duration 2:53
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Well a lot of people -- excited of course about the new life on -- unveiled yesterday the iPhone 5 in our next guest is coming on here in markets now says.

He expects a surgeon downloads for his -- David leave the co-founder in the CEO -- well.

A lot of people know that -- it's been downloaded over a hundred million times -- you know taken contact your picture and every bump into phones together.

And you get it I guess that's true David Wright when a new phone comes out the new whether it's this one of the old London obviously more more downloads.

Absolutely we yet we see two spikes in downloads each year wonderful holiday season of course and the second biggest fight is -- -- new iPhone is released -- -- ask you about this phone but let me first ask you about your own business is briefly.

How are things going in terms of there's a hundred million downloads it's huge.

But how do you make money what's the financial model for bump what do you make money.

We don't yet -- so what we're focused on right now is building great products and making sure those products to scale out says millions and hundreds of millions of users so things are going really well -- We're super happy with -- we just recently launched a new app called flock.

Which solves the problem of sharing photos that you take with the people around you see you never have to go -- -- your friends about sharing their photos or.

-- -- -- But revenue is what advertising based I -- I have the bump -- I think on my phone but I forget if there's a lot of hands on and here we we are not that we are not monetizing -- all right now we're we're purely focused on building great products why wouldn't you know -- We are trying to build something that is really meaningful impact on the world.

And not right now the best thing for us to do to achieve that mission is to focus on building great products and get more people to use them at some point you had to make -- -- -- right to have a legitimate business there.

That he -- when -- absolutely.

Absolutely you know it it it's a decision of when we -- -- start doing that but really decision comes down to.

Do we wanna put our resources right now into making the product better to wanna put our resources into making it a few bucks off the product and and so far the decision has clearly been to make the product better -- -- the world does it says give us a quick take on the iPhone 5 -- -- Is it everything you thought it would days anything missing there we thank.

I know it is pretty much what everyone expected and you know I don't want to -- that it it is a fantastic device and it you know I think arguably it's the best consumer product ever created.

And we can debate that but.

You know I think the bigger story here though is that apple has done it again they have come out -- shown that they have a 60000 person organization that really is passionate about.

They're craftsmanship building really quality products and that's something you don't really see very often these days -- you guys and they're an inspiration to companies like ours to Sino -- you guys on other platforms -- on android that we are out at -- somewhere on iPhone and -- as that's what I thought I was making sure is that when -- coming up -- there wasn't just all about.

-- hero and bizarre interest thing.

And give us a call back when there when you would change strategy at the company which would be the -- makes some money at some point David -- thank you.

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