Number of new users each existing user brings in.
K > 1 means exponential organic growth. Even K = 0.3-0.5 meaningfully reduces CAC.
Each user sends 5 invites; 20% convert → K = 5 x 0.2 = 1.0 (viral breakeven).
Most B2B SaaS: K = 0.1-0.4. Strong viral products: K = 0.5-1.0+. Sustained K > 1 is rare.
Measuring one-time spikes vs sustained virality; not accounting for invite fatigue; ignoring quality of referred users.
Growth slide: K-factor with invite conversion rate and organic vs paid split.
K-factor 0.6; 40% of new users from referrals.