Tag: Cloud Cost Optimization

Scaling a startup successfully involves increasing profit margins exponentially while keeping costs low. Most startups combine a variety of approaches to scale, based on their growth stage and needs. Techniques to scale include finding processes that work and applying them across the board, focusing on customers and building a product that is in high demand, and harnessing AWS cloud technology to move fast and optimize your costs.

SEON, a Hungarian fraud prevention startup founded by Tamás Kádár and Bence Jendruszák in 2017, is a model of successful startup scaling.

Cost optimization is a top of mind consideration for any startup and can be achieved with a wide variety of techniques, but how you tackle it depends on the stage of your business’s growth. Startups are laser-focused on product development, which can mean choosing between time spent building extra functionality to manage costs, like reorganizing account structures or building cost analytics pipelines, and prioritizing low-effort-to-high-impact architectural changes to keep your momentum up. In this post, we’ll share three easy-to-implement cost optimization strategies to help you quickly understand and optimize your spend, then get back to building features that will drive value for your customers.