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math_readson Sometimes VCs do give good advice

Pivots are a part of any startup's journey. In this series, Anh-Tho Chuong, the CEO and founder of Lago (open-source billing API - https://www.getlago.com/), explains how the team changed their business model after some surprising investor advice.

math_readson Biggest problems with homemade billing systems

Yearly plans are not the issue. The real problem is to work with different plan intervals: for instance, when a customer switches from a yearly plan paid in advance to a monthly plan, you need to prorate the period they used your product and issue a credit note to refund them for the rest of the period.

math_readson We crunched the fees of Stripe's 21 products

Stripe is probably the best payment platform but I'm not willing to give up 5 or 6% of our revenue.