article thumbnail

Forecasting Fintech’s Future and Keeping Culture Alive: A Q&A with the CEOs of BILL and Mercury

Andreessen Horowitz

Alex: Let’s dive into your business models. One of the holy grails of SMB software is, how are you going to acquire customers? I’ve been an entrepreneur since 2006. One of the criticisms of SMB software is that each customer can only provide so much revenue. It’s a transaction business.

Payments 108
article thumbnail

Using Paystack for Shopify Merchants To Empower Your E-Commerce Business

Subscription Flow

It was launched by Canadian entrepreneurs in 2006 and it provides online store-fronts to businesses and manages their transactions and inventory seamlessly. The current booming e-commerce milieu can credit a huge chunk of its success to online payment systems.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

A Decade of Learnings from Y Combinator (Video + Transcript)

SaaStr

Number three is not understanding their business model. If your payment system works, you’re not going to rip it out. Great start-ups have a system to have hard conversations. Twitch started as an online reality TV show, and if you look at the story, it started in 2006, and by 2012 it was worth $24.

article thumbnail

Understanding the SaaS business model

ProfitWell

Ever since John Koenig first coined the term “SaaS” back in 2005, the software-as-a-service industry has been one of the fastest-moving and creative in the world. The SaaS business model powering all of this activity is startlingly unique, still young, and inextricably tied to the power of cloud computing. Recurring payments.

article thumbnail

5 Key Steps to Evolving Your Offering Into a Platform with Eventbrite and Stripe (Video + Transcript)

SaaStr

The idea for Stripe, I’m sure most of you know in the early days was to have just a few lines of code and lead developers accept payments in the apps and services. There were solutions for the stadiums for the very large conferences, but nothing really for under 20,000 people. So first, I would say the API and Stripe.js

Payments 119
article thumbnail

Create Pricing Models Like AWS and Twilio with Events-Based Billing

Chargify

The latter, of course, was pioneered by Amazon, which launched the billing model based on user events in 2006. The pay-as-you-go model has since been the catalyst for Amazon’s rapid growth and dominance in the marketplace. In both cases, Twilio’s billing model allows for scalability for both the company and its customers.

AWS 98
article thumbnail

Subscription-based economy trends: business tips, benefits & examples

ProfitWell

From hygiene products to software to bacon (yes, bacon), you can purchase a subscription for just about anything today. Why is this model so popular? It’s a mutually beneficial system. The subscription-based economy refers to the shift many companies are making toward a business model that involves recurring billing business.