
The Cobra Problem
Measure what changes decisions, align on a North Star, respect retention, and never reward a number without a guardrail.
Glossary
The share of users who keep coming back over time. Acquisition shows how good your marketing is; retention shows how good your product is. A curve that flattens means people found real value.

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

Product-market fit is pull, not push: watch retention, ask the disappointment question, and listen when people complain.

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.

The data you can see is not the whole story: seek out the users who left, the deals you lost, and the voices that went quiet.

Keep an honest scale: short-term tricks borrow from long-term trust, and the interest is always higher than you think.