
Doubling the Channel Halved It
Spend up 40%, pipeline up 60% -- the team celebrated. Six months later conversion collapsed. The 'doubling' was buying the wrong customers.
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Spend up 40%, pipeline up 60% -- the team celebrated. Six months later conversion collapsed. The 'doubling' was buying the wrong customers.

Six hundred thousand a quarter, four channels, clean CAC on the dashboard. The dashboard was wrong — it took a Series B investor and a holdout test to prove it.