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Griff Parry

๐Ÿ‘ค Speaker
221 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
51 year old dad raises $31.5m to help companies do meter based billing

And then we deliver those wherever they're needed across the stack.

SaaS Interviews with CEOs, Startups, Founders
51 year old dad raises $31.5m to help companies do meter based billing

So they're needed once a month for billing, but they're also needed at any given moment so that customer success staff or sales staff know how much customers are using.

SaaS Interviews with CEOs, Startups, Founders
51 year old dad raises $31.5m to help companies do meter based billing

The product team might want to build dashboards so that the end customer can see how much they're using and how it converts the spend at any given moment.

SaaS Interviews with CEOs, Startups, Founders
51 year old dad raises $31.5m to help companies do meter based billing

the FP&A team might want to export it to the BI stack so that they can analyze the business effectively.

SaaS Interviews with CEOs, Startups, Founders
51 year old dad raises $31.5m to help companies do meter based billing

So that's the key thing.

SaaS Interviews with CEOs, Startups, Founders
51 year old dad raises $31.5m to help companies do meter based billing

It's not just for billing.

SaaS Interviews with CEOs, Startups, Founders
51 year old dad raises $31.5m to help companies do meter based billing

It's actually to power a whole bunch of functions all around the business.

SaaS Interviews with CEOs, Startups, Founders
51 year old dad raises $31.5m to help companies do meter based billing

Forgive me, we don't disclose those numbers, but we're a solid series of A business.

SaaS Interviews with CEOs, Startups, Founders
51 year old dad raises $31.5m to help companies do meter based billing

We've got great customers like Sift or Onfido or Clickhouse who love our product, have a transformative impact, and they're happy to tell their friends about it.

SaaS Interviews with CEOs, Startups, Founders
51 year old dad raises $31.5m to help companies do meter based billing

so okay so that provides okay for context our focus is definitely on scale up and above so what we're looking for is or our customers are looking for is um solutions to quite a high degree of complexity so our customers are typically of the size of those examples i gave there's the sifts and the albedos you haven't attached a number to them is it number of employees is it revenue they're doing is the number of customers they're managing like what's the numerical value of the customer you're targeting

SaaS Interviews with CEOs, Startups, Founders
51 year old dad raises $31.5m to help companies do meter based billing

So I would use, simplistically, I would say revenue.

SaaS Interviews with CEOs, Startups, Founders
51 year old dad raises $31.5m to help companies do meter based billing

So it's $50 million ARR and above.

SaaS Interviews with CEOs, Startups, Founders
51 year old dad raises $31.5m to help companies do meter based billing

Okay, got it.

SaaS Interviews with CEOs, Startups, Founders
51 year old dad raises $31.5m to help companies do meter based billing

But a better way to think about it is it's really about maturity.

SaaS Interviews with CEOs, Startups, Founders
51 year old dad raises $31.5m to help companies do meter based billing

So a company in their early stages only has a few customers and they maybe only have one product and they might only operate in one geo.

SaaS Interviews with CEOs, Startups, Founders
51 year old dad raises $31.5m to help companies do meter based billing

But when they get more complicated, they have lots of customers and multiple products and operate multiple geos.

SaaS Interviews with CEOs, Startups, Founders
51 year old dad raises $31.5m to help companies do meter based billing

And they will probably have an enterprise sales team that has quite a high appetite to do custom pricing deals to win and retain key accounts.

SaaS Interviews with CEOs, Startups, Founders
51 year old dad raises $31.5m to help companies do meter based billing

It's when customers get to that point

SaaS Interviews with CEOs, Startups, Founders
51 year old dad raises $31.5m to help companies do meter based billing

that whatever solution that they had in place before to do what Meta does becomes overwhelmed.

SaaS Interviews with CEOs, Startups, Founders
51 year old dad raises $31.5m to help companies do meter based billing

You know, they would have had a manual-based spreadsheet system or they would have built something themselves.