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SaaS Interviews with CEOs, Startups, Founders
51 year old dad raises $31.5m to help companies do meter based billing
Mar 7, 2024
26:54
Snipd AI
CEO Griff Parry talks about launching m3ter in 2020 after selling his first company to AWS. The podcast explores usage-based pricing models in the SaaS industry and strategic decisions in capital raising for critical infrastructure. It also discusses team composition, founder roles, pricing models, and valuation concerns.
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Quick takeaways
- Meter focuses on usage-based billing for companies over $50 million revenue, automating invoicing processes.
- Meter's pricing model adapts to API call volumes, providing predictability and flexibility for high-value clients.
Deep dives
Launch of Meter and its Target Customers
Griff Perry and his co-founder, John Griffin, launched Meter in 2020 after transitioning from AWS. Meter caters to companies generating more than $50 million in revenue by accurately tracking and invoicing based on product usage data, leading to billions of API calls annually. With 10 to 100 clients and a team of 56 emphasizing engineers, Meter focuses on long-term investments.
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Listen to the best highlights from the podcasts you love and dive into the full episode