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.

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.

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

It's the best for payment, but the additional fees come on top of the payment fees, for SaaS products: billing, data sync, etc.