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The Cobra Problem
Measure what changes decisions, align on a North Star, respect retention, and never reward a number without a guardrail.
Metrics
Glossary
The moment a new user first gets real value from a product. Activation rates usually pass the "would this change a decision?" test that vanity metrics fail.

Measure what changes decisions, align on a North Star, respect retention, and never reward a number without a guardrail.

Find the moment your product clicks, measure how fast people reach it, and clear every obstacle on the road.

Make value fast, make sharing natural, and let the product earn its own customers: reward both sides when people invite a friend.