Table 2From “What is CAC?”
Which four distinct CAC definitions serve four opposing capital decisions?
Table 2Which four distinct CAC definitions serve four opposing capital decisions?
| View | Operating numerator and denominator | Decision it can inform | Main risk |
|---|---|---|---|
| Blended CAC | All declared acquisition cost divided by all new customers in the portfolio cohort | Portfolio budget and overall acquisition burden | Mix changes can improve the average without improving any route |
| Paid CAC | Declared paid-media cost and associated paid activity divided by customers counted under the paid boundary | Paid program screening | It can exclude sales, onboarding, organic overlap, or customers not captured by the attribution rule |
| Fully Loaded CAC | All declared acquisition and activation costs divided by the defined new-customer cohort | Cash, capacity, and operating-model decisions | Allocation of shared people and platform costs can look more objective than it is |
| Incremental CAC | Additional cost caused by the intervention divided by additional customers relative to a counterfactual | Scale, pause, or reallocate an intervention | Without a credible comparison, the label is only an aspiration |
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Source: Table from this essay. Sources and interpretation are given in the article.

From the essay
Growth that compounds
What is CAC?
CAC is a defined cost per acquired customer, not a universal ratio. State the cohort, boundary, horizon and counterfactual before comparing channels.
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