Capital efficiency isn't a nice-to-have in the current European funding climate, it's the metric investors actually care about. This keynote looks at which growth metrics still matter when blitzscaling isn't an option. The talk moves beyond vanity metrics to the handful of numbers that predict durable, profitable growth, and explains why the companies winning right now are the ones that never needed a growth-at-all-costs phase. Attendee takeaways - Which growth metrics correlate with durable revenue, not just user counts - How to build a growth case that survives investor scrutiny - Why capital efficiency is becoming a genuine competitive advantage