Tan: Sift Science charges per billable transaction or account creation
Jason Tan · 918 SaaS: Fraud Prevention Company Raises $54m, Passes 500 Customers · Jan 28, 2018 · at 1:51
Jason Tan, founder of fraud prevention platform Sift Science, explains the company's usage-based pricing structure to host Nathan Latka.
0:00 / 0:11exact quote · 11.0s
720p mp4 · rendered on demand · StarZero watermark
“In terms of how we make money, we charge per billable event, and that usually ties to a significant transaction or an account created on our customer's website.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Jason Tan
Tan: Making Over $1M on Startup Equity Typically Requires Facebook-Scale Outcome
“You know, typically to make more than a million dollars at any company, it would require kind of a Facebook size outcome.”
Tan: Sift Science customers pay thousands up to $100,000 monthly
“Oh, it's probably going to be a in the minimum of a few thousand dollars per month. We have some customers paying us a 100,000 dollars per month.”
Tan: Max Levchin personally invested $1M to lead Sift Science seed round
“He wanted to lead our seed round. So he put a million dollars of his own money in and we raised a total of 1.6 million dollars back in September of 2001.”
Tan: Sift Science has raised approximately $54 million in total funding
“Oh, we raised about fifty four million dollars.”