> We are shipping more features

If you increase your spend -> ship more features -> no correlated increase in revenue, that's just burning money.

If a team of 10 spends 1 extra headcount ($180k/year) and ships features with no corresponding growth in revenue, what does that mean?

There was probably a reason it was on the backlog (because it didn't really have value).

> is it generating revenue

Yes! :)

> There was probably a reason it was on the backlog (because it didn't really have value).

There are definitely things in the backlog with low value. We don't work those items, even if we could now. The additional bandwidth we have now goes to valuable features that drive revenue and retention metrics. The reason they were on the backlog were because we just didn't have the bandwidth to execute on them well and they were just somewhat less valuable than the critical path items on the roadmap.