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Reese Witherspoon's Hello Sunshine media company sells, valued at nearly $1 billion 

"Today marks a tremendous moment for Hello Sunshine. I started this company to change the way all women are seen in media. Over the past few years, we have watched our mission thrive through books, TV, film, and social platforms,” founder Reese Witherspoon shared in a statement. 

At Cloud 100 on August 10, don’t miss the opportunity to hear more about Reese’s experience founding and running the company and her perspective on the evolution of media and entertainment.
RSVP at Cloud 100.

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Five pros—and four cons—of usage-based pricing

Usage-based pricing is often lauded as the holy grail of SaaS pricing models. Since it tethers your company’s profits to your customers’ degree of success, it can set you up for a massive win-win where your customer’s windfall becomes your own. 

And lately, the usage-based pricing trend is gaining steam. Seven out of the nine SaaS IPOs that had the best net retention in the last few years used usage-based pricing models, including companies like Snowflake and Datadog. What’s more, companies that implement usage-based pricing have an average of 137% net dollar retention.

However, the model is not for the faint of heart—it carries definite risks and also significant overhead to implement effectively.

In this article, we’ll cover both the upsides and downsides, as well as how Troy Goode, founder and CEO of Courier, decided on usage-based pricing and tweaked his model to perfection. 
Read more.

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