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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

Because of doing real-time pricing, every single usage thing, every single second, things go up or down.

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

So, you know, we would... My audience doesn't have your experience.

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

That's why I'm trying to get these numbers from you.

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

So what's the minimum you require?

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

Like, if someone's doing only 1,000 API calls per month, they're not a good fit for you.

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

What is sort of the minimum that you would require someone to get value from your platform?

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

Is that, you know, 50 million API calls per month?

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

You just said GameSpot at 40 million per month is too small.

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

I'm trying to quantify.

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

So you mentioned earlier, you have a minimum number of API costs per year that you require folks to get.

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

Is that like a million API costs per year, or 10 million, or 100 million, or a billion?

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

You don't charge it.

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

Sorry, just back at minute 8.57, we transcript real time.

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

You said, quote, you have a minimum number of credits that they've got to purchase, and then they go up or down from that.

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

It's refunded if they don't use the full amount in the year.

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

That makes good sense.

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

As we wrap up here, did you launch the business right after the sale of AWS or when did you launch the company?

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

Okay, so launched LaunchMeter in 2020 and you guys, I believe, have raised.

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

How much total have you guys raised?

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

Okay.