This is the Purpose Profile for:

SipTogether GmbH

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How to read this purpose profile

Being purpose-driven means that you are pursuing a goal, that is meaningful and which contributes to the well-being of others. We asked each company how they are cultivating their purpose to create the purpose profile below.

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Our fundamental beliefs

These are our principles and beliefs we hold dear and our motivation behind everything we do:

In life, we always come across situations where we long for new shared experiences, but find them hard to come by. Although online experiences and communities have been on the rise and accelerated through apps like TikTok and Instragram, we believe that people still have a need for personal, face-to-face interactions. This is more true after the shared experiences of the last years.

The problem we solve

Comparing our beliefs and principles with the state of the world, we identify the following problem we aim to solve:

However, young people that moved to a new place (e.g., a big city to study) have a hard time finding new connections and friendships. What is happening today? What kind of people are going there? Do I fit into that group? These and more questions often make it difficult for young people to find new peers. In addition, young people also seek novelty and want to know about the latest activity trends happening around them.

The solution we provide

This is how we solve the problem:

With SipTogether, we have built a community-based platform that helps people find new, shared experiences. We' re here to bring people together through shared passions, and we strive to make it easy for anyone to find a new activity or event that will enrich their lives. SipTogether is a platform for spontaneous, friendly experiences among young people to connect in-person, again!

The objective we pursue

Once we solve the problem, this is how the world will look like:

We believe in a world where we find experiences, come together and thereby create memories. We are working towards a future where every person can have their own personalised experience in every moment of their life.

Our Mission Performance Indicator (MPI)

We use the following metric as the main indicator to measure our progress towards achieving our objective:

1) How many people did we bring together? (# Amount, how often the SipScore has been scanned by people) (2) How many experiences have been created by users? (# Number of user-created events) (3) Do people love our platform and would miss it so bad, if it wouldn' t exist ? (# NPS)

Our values

These principles and values guide our daily decision-making:

(1) Trust (2) Transparency (3) Authenticity (4 ) Fairness

Resources

This is how demanding the pursue of our goal is:

Physical Energy

2 – Below average 

Cognitive Energy

5 – Very high

Emotional Energy

5 – Very high

Spiritual Energy

4 – Above average

People we care about

Our business is embedded into a broader, societal context and relates to different population groups we want to serve:

Whom we serve as a business

(1) Our team (2) Active users (3) Investors (4 ) SMEs / Businesses (5 ) Mentors and coaches (6 ) Partnerships and cooperations

Other populations we care about intrinsically

(2022) Students (2023) Young people (2024) Everyone

Things we measure for progress

Besides our Mission Performance Indicator (MPI), we use the following KPIs to keep track of our progress:

(1) # monthly active users (2) % retention (3) # NPS (4) # referrals per user

The story we want our customers to tell about us

If we could choose a five star rating customers give us, this is what we would like it to be:

1. For students that are moving to a new city and want to find new experiences, get-togethers or friends but don' t have a good network there. 2. They can use SipTogether to find, as spontaneous and easy as possible, new people to hang out with or get-togethers around them – or create a new activity or event so that others can j oin. To, which is the goal of our app, create memories that last!

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Learn to cultivate your purpose with the Purpose Letter

Learn more about the Purpose Framework – a synthesis of the science, tools and methods that enable you to cultivate purpose. The Purpose Framework covers six key areas of your life and helps you achieve balance.