4.6 • 683 Ratings
🗓️ 7 March 2024
⏱️ 27 minutes
🧾️ Download transcript
CEO Griff Parry launched m3ter in 2020 after selling his first company Gamesparks to AWS. Today 10-100 customers pay him platform fee's and usage fee's to use his usage based billing API tool. He doesn't code but across his team of 56, more than 25 are engineers. Can they scale into their last round valuation?
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0:00.0 | You are listening to conversations with Nathan Latka, where I sit down and interview the top SaaS founders, like Eric Wan from Zoom. |
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0:44.3 | Guys, Griff sold his last company to AWS and through that process that I've got a great idea, which he launched in 2020. It's called Meter and it helps companies that are generally doing more than $50 million of revenue, |
0:49.3 | more accurately capture and bill based off usage. |
0:52.3 | You've got to capture the product usage data, then bill against it, resulting in billions |
0:57.0 | of API calls per year in some cases. |
0:59.0 | Today, Meter is working with between call it 10 and 100 customers. |
1:02.0 | They have about 56 on the team with, quote, a majority being engineers and, quote, |
1:06.0 | plenty of runway as Griff and its team looks to invest in the long term. |
1:10.0 | Hey, folks, my guest today is Griff Perry. |
1:12.4 | His him and his co-founder, John Griffin, started meter after building and selling a |
1:16.6 | backend as a service company for video games to AWS. |
1:19.9 | The experience brought the challenges and opportunities of using usage-based pricing into |
1:23.5 | sharp focus, inspiring them to found meter, an intelligent metering and pricing engine |
1:28.0 | for SaaS companies. |
1:29.5 | Griff, you ready to take us to the top? |
1:31.0 | Yes, absolutely. |
1:32.0 | Where did you like me to start? |
1:35.0 | Well, it's great to have you, I will say there's a lot of people that think the future |
1:38.4 | of SaaS is actually going to be pure usage-based pricing. |
1:42.5 | We saw Chargeify try and pivot into this. It didn't really |
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