Table 3From “What is product-led growth? Product usage is not a growth loop”
Product-led growth formula: what belongs in the numerator and denominator?
Table 3Product-led growth formula: what belongs in the numerator and denominator?
| Measure | Numerator | Denominator | Boundary |
|---|---|---|---|
| Threshold coverage | Accounts with the declared product event | Eligible accounts in the observation window | Product activity is not automatically qualification. |
| Handoff acceptance | Accepted seller handoffs | Accounts crossing the product threshold | Acceptance is not opportunity creation. |
| Opportunity creation | Opportunities created | Accepted handoffs or another declared base | The base must remain stable across periods. |
| Repeat-entry coverage | Accounts that create a qualifying next entry | Eligible accounts at the start | A repeat event needs its own identity and time rule. |
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Source: Table from this essay. Sources and interpretation are given in the article.

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Go-to-market strategy
What is product-led growth? Product usage is not a growth loop
Product-led growth is a commercial motion, not a usage count. Define the product trigger, handoff, feedback path, and outcome before naming a loop.
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