TLDR Tech / AI
Rethinking SaaS Metrics for AI
If you're still tracking ARR as your north star, it's lying to you. AI-native companies need different metrics - token consumption is the one that's hard to fake because the fastest-growing companies sit directly in the token path. Raw tokens don't tell you if you're creating value or just passing through infrastructure costs, so gross profit per million tokens is becoming the real scorecard investors are pricing companies on. DAUs stop mattering when AI agents are doing the work inside other products via MCP, and nobody trusts the LTV of any AI product right now.
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