Revenue is not a North-Star metric

Revenue is not a North-Star metric

From Thrivecast by By ThriveStack AI

February 7, 2026 · 45 min

About this episode

Michael Kuhl discusses how AppFire transitioned from focusing on revenue to building a growth engine based on leading indicators.

In this episode of ThriveCast, Michael Kuhl shares how AppFire shifted from obsessing over revenue and churn to building a growth engine powered by leading indicators . Drawing from AppFire’s scale—managing dozens of products—Michael explains how activation journeys, real-time signals, and cross-functional alignment became the foundation for predictable revenue growth. Key Insights * Revenue, churn, and conversions are lagging indicators —they explain what happened , not why * Activation is the strongest predictor of trial conversion and long-term retention * Growth starts with visibility , not optimization * A standardized activation journey framework enables scale across multiple products * Instrumentation should answer specific questions , not collect everything * Growth intelligence only matters when it leads to clear actions * Real-time signals are most powerful when shared across Product, Marketing, Sales, and Customer Success Actionable Takeaways * Define a clear activation journey (signup → setup → aha → habit) before optimizing conversion * Instrument only what helps you understand why users fail to reach value * Treat growth data as actionable intelligence , not…

People in this episode

Guest: Michael Kuhl

Topics covered

  • revenue growth
  • activation journey
  • leading indicators
  • cross-functional alignment
  • predictable revenue

Keywords

  • revenue
  • churn
  • activation
  • growth engine
  • real-time signals
  • cross-functional alignment
  • predictable revenue

Mentioned in this episode

Organizations: AppFire

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