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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

Who's doing, are you coding or are you doing selling in terms of how you and John split roles?

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

So there's no one that writes code on the founding team then?

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

There is no one that writes code on the founding team.

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

You nor John write code.

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

So you have other founders?

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

You guys put out when you raised capital and it says founders, Griffin, Perry, John Griffin.

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

I'm just using publicly traded sources.

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

That makes sense.

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

I guess as we wrap up, and you think about your pricing model over time, if someone's like, let's say I want to sign up right now to meter and I'm more than 50 million of AR, I'm going to pay for I'm going to make this up 100 million API calls per year.

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

Are you saying okay, Nathan, the platform fee is 100 grand, and then it's point 001 cents per API call?

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

Or like, how would that be structured?

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

How do we end with a macroeconomic question with 56 full-time employees and assuming that you follow the average of the average revenue per employee for a VC backed company being about $110,000 that we could back and do maybe a revenue guess of about 6 million bucks with what you've raised 35 million bucks, assuming that was raised at a,

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

you know, a multiple in the 2020s or 2021s, right?

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

It's fair to say maybe you raised it north of 100 million valuations today.

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

Things have really compressed.

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

You know, how do you make sure that you take whatever revenue you're at today and you grow into a valuation that can support the last you raised at without getting options underwater?

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

Okay, so just to be clear, you're not feeling any sense or need to manage around a valuation issue where you raised at a 40X multiple two years ago or a year ago when you raised your Series A versus sort of where the market's trading at today.

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

You don't feel that pressure at all?

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

In 2024, where are you, to your point on a lot of runway, which is great, where are you spending?

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

I mean, as a capital allocator, as the founder, you do a lot of this.