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Nathan Latka

๐Ÿ‘ค Speaker
223769 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

We see Paddle and some others in the UK trying to capture this.

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

Now, Stripe is a big player.

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

So I guess when I hear you say that in order for a meter to work or for anyone to do, you know, metered pricing, they first have to capture the product usage data and then sort of bill against it.

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

Those are two, I mean, Pendo only does, you know, product usage and they're a multi-billion dollar company.

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

There's others that only do the billing and their multi-billion dollar companies are there.

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

You have to do both of them to sort of make this work.

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

Give me an example of a customer using you today and a version of sort of usage based or product tracking that they would do in their specific business that then they bill against.

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

That makes a lot of sense.

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

So I guess today, and we'll go back to your founding story here in a second.

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

I just want the snap and shot today first, and then we'll go get the story.

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

But today, how many companies like SIF Science actively use meter to do their usage-based billing?

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

Can you give a, I understand you have to say slightly vague, but can you put us at least in the right sort of world?

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

Are we talking like five enterprise customers or like 5 million low ARPU high volume customers?

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

Thanks for that range.

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

It puts us at least in the right ballpark.

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

So fair to say you guys started between 10 and 100 customers and you're focused on ones that are doing it ideally north of 50 million of revenue because it requires more complexity.

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

Let's go back to the backstory here.

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

You were CEO of GameSparks.

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

Did you guys build your own custom billing engine for like, you know, credits to get virtual swords in the games?

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

I mean, how did you experience this problem directly yourself?