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Hi there!
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Lago v0.8.0-alpha has arrived to make your life (at least billing) easier! 🙌
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Fair pricing with persistent units
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Companies with fair and transparent pricing models are often praised by customers.
If you are considering implementing seat-based pricing for instance, the recurring_count aggregation is exactly what you need.
This new aggregation type allows you to create persistent usage records (e.g. a new user corresponds to a billing unit and remains active over several billing periods).
Lago automatically calculates a prorated charge for each persistent unit, depending on the exact number of days the unit is active.
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Who likes to store IDs? 🤔
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To make the management of subscriptions easier, we have introduced changes to the API.
When creating a new subscription, you don't need to store Lago's subscription_id and unique_id anymore as these attributes have been removed and replaced with external_id, which you can define yourself.
Please note that this new attribute is required when assigning a plan to a customer.
For consistency purposes, customer_id has also been renamed external_id for the /customers endpoint.
These changes allow you to operate via the API using your own identifiers and save you the trouble of storing our IDs.
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New cycle... new features!
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Our new roadmap cycle will start in two weeks. We have big plans for the next quarter but the Product team made me promise not to talk about credit notes, dimensions for billable metrics and future integrations. 🤫
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6 steps to build a usage-based billing system
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Implementing a billing system from scratch can be daunting.
For those who don't know where to start, we've put together a step-by-step guide on how to automate billing with Lago.
Click below to get started and feel free to reach out to us if you have any questions.
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Taking part in YC from Europe: worth it?
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Startup founders often ask us about our experience of YC as European entrepreneurs.
Unfortunately, we didn't get to meet with other founders in person at the time, but we did learn a lot.
We took a step back to reflect on this period and share our experience with the next generation of YC candidates.
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Thank you and stay tuned!
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The Lago Team
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Lago is a company backed by
Y Combinator
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Lago, built with love around the world!
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