Retention & journey
Monthly acquisition cohorts and the path a customer takes through them.
Cohort retention
Each row is one acquisition month. Blank cells have not elapsed yet — they are not zeroes.
Purchase journey
Step-through at each stage. The lowest step is the binding constraint — improving anything above it only delivers more people to the same wall.
M1 retention is improving — recent cohorts hold 3.6pp more than the older ones.
Across 9 cohorts, M1 retention — the first month after acquisition — averages 61.4%. The drop from M0 to M1 is 38.6pp, larger than every subsequent month combined, which puts the entire retention problem inside the first eight weeks. The weakest funnel step is added to cart at 26.3%.
The decay curve has three inflection points and the current sequence fires on none of them. Aligning sends to the curve costs a scheduling change.
The step loses more users than any other and there is no event-level detail on why. One session-replay sample answers it in a day.
A young cohort always looks worse than a mature one on calendar reporting, so channels get cut on their age rather than their quality. Cohort indexing removes the illusion.