Published On Mar 7, 2024
Griffin Parry, co-founder of m3ter, shares the journey and vision behind their innovative platform designed to revolutionize how companies handle meter-based billing. Founded in 2020 after Griff sold his previous company to AWS, m3ter addresses the complex needs of businesses with revenues exceeding $50 million, enabling them to accurately capture and bill based on product usage. With a robust team primarily composed of engineers, m3ter is navigating the challenges of building critical infrastructure for significant companies, aiming for long-term growth and success.
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Timestamps:
0:00 - Introduction and background of Griffin Parry and m3ter
1:17 - The inspiration behind founding m3ter
2:09 - The future of SaaS and usage-based pricing
3:30 - How m3ter fits into the ecosystem with companies like Stripe
4:27 - Customer success story
6:03 - The complexity and scale of m3ter's service
8:51 - The founding story of m3ter post-AWS
10:15 - The decision to raise capital for m3ter
11:00 - Team composition and focus on engineering
12:30 - The importance of product and go-to-market strategy
14:45 - Pricing model and value proposition
17:20 - Managing growth and valuation in a changing market
20:10 - Investment and focus areas for m3ter in 2024
22:30 - Griff's personal reflections and advice to his younger self
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By the numbers.
See charts and graphs here: https://getlatka.com/companies/m3ter
Founded in 2020.
$6m in revenue in 2024.
$2.4m in revenue in 2022.
$14m Raised at Series A at a $140m valuation in June, 2023
26 engineers.
50 customers.
77.55% YOY.
56 employees.
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