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Knowledge / Business & Entrepreneurship

Startup Metrics

The quantitative framework for understanding whether a startup is improving.

By Siddhant Krishna · Published 2026-10-06 · Updated 2026-10-06

01

Core Metrics

  • Active users.
  • Retention.
  • Activation.
  • Conversion.
  • Revenue.
  • Gross margin.
  • Churn.
  • CAC.
  • LTV.
  • Burn.
  • Runway.

02

Cohort Analysis

Cohort analysis groups customers by a common start date or characteristic and tracks behavior over time. It helps separate true retention from aggregate growth caused by constant acquisition of new users.

03

North-Star Metrics

A useful primary metric should represent meaningful customer value rather than vanity activity.

References

  1. Y Combinator's public library of startup advice, lectures, essays, fundraising resources, and founder education.
    https://www.ycombinator.com/library/
  2. Michael Seibel, Y Combinator, on recognizing genuine product-market fit.
    https://www.ycombinator.com/blog/the-real-product-market-fit/

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