Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Blog Pricing

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

They want to do a lot of custom pricing.

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

The sales team want to do a lot of custom pricing.

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

So that's what creates a complexity for that business.

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

We like complexity.

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

That's what we serve.

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

I didn't say that because we don't.

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

So they would pay us a minimum amount, which would give them an allowance of X. But we don't require that they use a certain minimum level of that allowance.

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

They can use none of it if they like.

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

No, because what we're delivering them is a really sophisticated piece of kit that they would otherwise have to build themselves.

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

And so that's why it is usage-based, because the better way to think about it is you pay, we wouldn't position it like this, but think about it as a platform fee.

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

You're paying a platform fee, but then you can flex how much you pay above it, depending on how heavily you're hammering that platform, how much you're using it.

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

We worked for three years at AWS.

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

They have all the problems that we sold for, just like GameSparks have all the problems we sold for.

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

And then we left AWS in 2020 and have been going for about three, three and a bit years.

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

31 and a half million from external sources.

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

Partly because we just wanted to do something different and sort of follow a different path for interest's sake.

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

But also, I mean, we're building critical infrastructure for significant companies and that requires quite a lot

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

in comparison, quite a lot of capital.

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

The minimum MVP to do this kind of stuff, which touches dollars, it drives billing, is quite high.

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

So it seemed like the natural path for us, but it was also the novelty value.