Meter

6 statements across 1 episodes · 2 bullish · 0 bearish · 1 people on the record · first statement Mar 7, 2024 by Griff Parry · said 10 times in 1 episodes since 2024 · across every show →

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Everything said about Meter, oldest first

Mar 7, 2024 neutral
Disclosure
m3ter targets companies with $50M+ ARR for usage-based billing
“Simplistically, I would say revenue, so it's fifty million dollar ARR and above.”
Griff Parry Mar 7, 2024 ▶ 7:29 51 year old dad raises $31.5m to help companies do meter based billing
Mar 7, 2024 neutral
Disclosure
Parry: m3ter structures deals as minimum commitments with generous usage allowances
“Our deals typically are under underneath the hood. They're usage based. But the way they work is that our customers make a minimum commitment to us. And that involves generous allowances of those usage vectors. And if they exceed them, they pay overages. But s…”
Griff Parry Mar 7, 2024 ▶ 11:26 51 year old dad raises $31.5m to help companies do meter based billing
Mar 7, 2024 bullish
Disclosure
Parry: m3ter has tens of enterprise customers above $50M ARR
“The stage of our business is that we had tens of customers like that and growing fast.”
Griff Parry Mar 7, 2024 ▶ 8:26 51 year old dad raises $31.5m to help companies do meter based billing
Mar 7, 2024 neutral
Disclosure
Parry: Sift uses API pricing with minimum commitments and overages
“Sift is a good example. So if you know Sift, they used to be called Sift Sciences. They're a great business, and they're doing fraud detection for online retail effectively, and the core of the core metric that they charge against is, is based around APIs. So …”
Griff Parry Mar 7, 2024 ▶ 4:25 51 year old dad raises $31.5m to help companies do meter based billing
Mar 7, 2024 positive
Insight
Parry: SKU complexity and custom pricing cause billing headaches, not volume
“They could be trying to cope with a high degree of price complexity that might not have a huge amount to do with the volume of usage ingest. So, you know, it might be whatever, like a 1,000,010 million, a hundred million. It doesn't matter. But what the reason…”
Griff Parry Mar 7, 2024 ▶ 14:06 51 year old dad raises $31.5m to help companies do meter based billing
Mar 7, 2024 neutral
Disclosure
Parry: Neither m3ter co-founder writes code despite building technical infrastructure
“To answer your question, there are two founders. Both called Griffin. Neither of us code, or you wouldn't want us to be, but we built the team, we built a team of people we'd worked closely with in the past”
Griff Parry Mar 7, 2024 ▶ 20:36 51 year old dad raises $31.5m to help companies do meter based billing
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