Please welcome Lava, our latest announced investment. Lava is a wallet-based payment system that makes it effortless for AI companies to monetize - through credits, usage, subscriptions, or hybrid pricing. lererhippeau.medium.com/please-welcome…

🚀 Big news! Lava just raised $5.8M in seed funding led by Lerer Hippeau, with support from Harlem Capital, @StreamlinedVC, and Westbound Equity Partners. Excited to build the future of AI payments! 🧵

Founders: subscriptions sound great until you realize they break for most AI startup business models! You're applying a fixed price to a product with obvious variable costs. Investors might chant “go SaaS” but great startups win by understanding nuance. At Lava we

Really interesting stuff from Alex Clayton here. This is only another sign of the continued wave towards AI/pricing innovation needed in startups. At Lava, we are betting this trend continues. And the next few years will be startups getting their buyers comfortable with new