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Sep 21, 2026 · Luke · v9

Pipeline Council Pre-Read

Sep 21, 2026 · CQ Q3 / NQ Q4 · Period Sep 17, 2026 → Sep 21, 2026

● Live HubSpot
① Coverage
Pipeline Coverage Status
RED
Q3 0.11× RED, Q4 1.57× AMBER, Q1-2027 — AMBER
② WoW Driver
Biggest WoW Movement Driver
+$0 net
+$0 net (ComboCo) · biggest add: $0 new deals (0); biggest drag: −$0 slipped (0 deals avg 0d)
③ Risk
Biggest Risk
Dexcom - Supplier Flow
9× slips on a $50K deal — owner Aaron Samples, stuck in Negotiation. Forecast trust broken.
④ Top Play
Top Play Performance Highlight
Marketing Generated $2,614K (39%)
15 deals · top of the lead-source mix. Until play_attribution lands, lead source is the proxy.
North star: Create Clarity. · GBP→USD locked at 1.35 · PayPal $1.05M Q3 tracked separately · Renewals tracked in CS cadence.

Pipeline Coverage & Gap to Goal

CQ Q3 / NQ Q4 · by segment · required pace next 2 weeks · Sep 21, 2026

● Live HubSpot
CQ PipelineQ3
CQ Coveragevs Reforecast
NQ PipelineQ4
NQ Coveragevs Reforecast
Logic­broker
$35K
Q3 · target $1.27M
0.09×
RED · $35K ÷ $394K gap
$3.24M
Q4 · target $1.40M
2.32×
AMBER · $3.24M ÷ $1.40M
Virtual­stock
$201K
Q3 · target $917K
0.22×
RED · $201K ÷ $917K
$575K
Q4 · target $1.03M
0.56×
RED · $575K ÷ $1.03M
Combo­Co
$236K
Q3 · target $2.19M
0.18×
RED · $236K ÷ $1.31M gap
$3.82M
Q4 · target $2.43M
1.57×
AMBER · $3.82M ÷ $2.43M
Required pace · next 2 weeks (weighted-pipe convert + new-pipe needed to close gap)
Q3 · need next 2 weeks
$3,298K
1.3 weeks left · gap after weighted pipe $2,120K · $1,649K/wk pace
Q4 · need next 2 weeks
$178K
14.4 weeks left · gap after weighted pipe $1,285K · $89K/wk pace
Q1-2027 · need next 2 weeks
$0
0.0 weeks left · gap after weighted pipe $0 · $0/wk pace
Q3 open pipeline by Forecast Category · ComboCo (HubSpot hs_manual_forecast_category)
Commit · Q3
$0
95% prob · "betting my number on it"
Call · Q3
$201K
75% prob · medium-high confidence
Best Case · Q3
$0
60% prob · should happen
Gap to Goal · Q3
$1,311K
target $2,191K − won $880K
Gap to Goal = target − closed-won YTD-in-quarter. Commit + Best Case combined coverage of gap is the most actionable read here — it answers "do we have enough confident pipe to close the remaining gap?"
Q3 Gap to Goal · by BU (target − closed-won, with forecast category split)
BU Target Closed-Won Open Pipe Cov of Gap Gap Commit Call Best Case Pipeline
Logicbroker
USD native
$1,274K $880K $35K 0.09× $394K $0 $0 $0 $35K
Virtualstock
£→$ @ 1.35
$917K
(£679K)
$0 $201K 0.22× $917K $0 $201K $0 $0
ComboCo
USD blended
$2,191K $880K $236K 0.18× $1,311K $0 $201K $0 $35K
Coverage by Deal Type · ComboCo
QuarterNB OpenUpsell OpenNB CovUpsell Cov
Q3 $195K $40K 0.14× 0.05×
Q4 $3.15M $655K 2.00× 0.77×
Q1-2027 $0 $0
FY-2026 $3.35M $695K 0.88× 0.34×
Reforecast targets are split 65/35 NB/Upsell per the workbook convention (LB) and 49/51 (VS). NB pipeline is dominated by Q2 closers; Upsell weighted to Q3-Q4.
All-quarters Gap to Goal · by BU
QBUTargetWonOpenGapCov
Q1
closed
Logicbroker $97K $98K $0 $0 · met
Virtualstock $47K
(£35K)
$0 $0 $47K 0.00×
ComboCo $144K $98K $0 $46K 0.00×
Q2
CQ
Logicbroker $770K $380K $0 $390K 0.00×
Virtualstock $317K
(£235K)
$118K $0 $199K 0.00×
ComboCo $1,087K $499K $0 $588K 0.00×
Q3
NQ
Logicbroker $1,274K $880K $35K $394K 0.09×
Virtualstock $917K
(£679K)
$0 $201K $917K 0.22×
ComboCo $2,191K $880K $236K $1,311K 0.18×
Q4
Logicbroker $1,400K $0 $3,241K $1,400K 2.32×
Virtualstock $1,030K
(£763K)
$0 $575K $1,030K 0.56×
ComboCo $2,430K $0 $3,816K $2,430K 1.57×
Coverage column = open ÷ remaining gap (target − closed-won). Gap "met" means closed-won already hit target. PayPal $1.05M Q3 excluded.

Pipeline Movement

Sep 17, 2026 → Sep 21, 2026 · ComboCo · +$0

● Live HubSpot
Waterfall · ComboCo (USD)
Pipeline at start (Sep 17)
$6.63M
+New deals
0 deals
+$0
+Pulled in
0 deals
+$0
+Amount expansions
0 deals
+$0
Stage advanced (no $ change)
1 deal
Slipped across-Q · forecast break
0 deals
−$0
Slipped within-Q · close-date push
0 deals
−$0
Amount reductions
0 deals
−$0
Closed won (leaves pipe)
0 deals
−$0
Closed lost
0 deals
−$0
↑ Stage regressed (no $ change): 0 deals · Cleanup lost: 0 deals ($0)
Pipeline at end (Sep 21)
$6.63M
Net change council period
+$0
Slipped row above bundles within-Q (close-date pushed) and across-Q (forecast-trust break). PayPal/freemium excluded.
Pipeline Flow · council period
Mirrors whichever timeframe is selected on the waterfall (left) — pick a period there and this redraws. Bars are running pipeline total after each category's effect; ribbon color = gain (green) or loss (red). Pulled-in/slipped deals don't change the ComboCo total (shown as badges above, not bars) since they only move dollars between quarters, not into or out of the pool. PayPal/freemium excluded throughout.
PayPal
$1.05M
Q3 callout — tracked separately, not in waterfall above. Decision still pending; tracked via needs_decision_at_council in HubSpot.

Stage Aging — CQ + NQ

Stage-aging thresholds: CQ stuck ≥ 45d · NQ stuck ≥ 60d · Sep 21, 2026

● Live HubSpot
Stuck deals total
7
$285K at risk · top 7 shown
CQ stuck (≥45d)
4
$0 · current quarter
NQ stuck (≥60d)
3
$285K · next quarter
Median days in stage · ComboCo
Negotiation
n=6
101d
Solutioning
n=5
82d
Proposal
n=8
76d
Qualification
n=6
35d
Prospecting
n=10
22d
Sorted by median days desc. The slowest stage is the one to scrutinize at council — those reps either need help or need to disqualify.
Stuck deals · CQ (Q3) · ≥45d in current stage
DealOwnerStageDaysAmount
Samsung - Agentic Freemium Cohort LB Luke Solyntjes Proposal 313d $0
American Furniture Warehouse - Agentic Freemium Cohort LB Aaron Samples Solutioning 229d $0
Dick's Sporting Goods - Agentic Freemium Cohort LB Aaron Samples Negotiation 171d $0
Walgreens - Agentic Freemium Cohort LB Aaron Samples Negotiation 157d $0
Threshold: 45 days in current stage. These deals are in CQ and need a forward step this week or they need to be disqualified.
Stuck deals · NQ (Q4) · ≥60d in current stage
DealOwnerStageDaysAmount
Dexcom - Supplier Flow LB Aaron Samples Negotiation 186d $50K
Viking Direct | Product Induction /PIM VS Nicky Bowman Prospecting 180d $135K
Chainlink Services - B2B Dropship LB Susan Kaseroff Qualification 157d $100K
Threshold: 60 days in current stage. These deals are pacing for NQ but already burning calendar.

Slippage Analysis

$ slipped this period · click a tile to drill into deal list · slipped 2× or more · Sep 21, 2026

● Live HubSpot
$ slipped across-Q · WoW
$0
0 deals · forecast trust break
$ slipped within-Q · WoW
$0
0 deals · close-date push, same Q
Slipped 2× or more
21
$1,521K · lifetime slip count ≥ 2
Worst single deal
Dexcom - Supplier Flow
Slipped across-quarter · deal list
DealOwnerBUAmountFrom → To CloseDays
No across-Q slips this period.
These deals crossed a quarter boundary — highest forecast trust risk.
Distribution of slip counts · ComboCo
Never slipped
19
$2,642K
2× slips
7
$475K
3+× slips
14
$1,046K
Lifetime slip count per deal. The 3+× cohort is where forecast trust most badly broken — prioritize these for disqualification or owner change.
Slipped 2× or more · ComboCo top 10 (by slip count desc)
DealOwnerBUSlipsMax JumpAmountCloseReason
Dexcom - Supplier Flow Aaron Samples LB +92d $50K 2026-12-31
American Furniture Warehouse - D2C Drop Ship Aaron Samples LB +365d $150K 2026-10-31
Samsung - Agentic Freemium Cohort Luke Solyntjes LB +54d $0 2026-09-30
Dick's Sporting Goods - Agentic Freemium Cohort Aaron Samples LB +31d $0 2026-09-30
American Furniture Warehouse - Agentic Freemium Cohort Aaron Samples LB +90d $0 2026-09-29
Performance Tool (Wilmar) - Supplier Flow Kyle Smith LB +89d $65K 2026-12-14
Marriott International - Managed Service Susan Kaseroff LB +121d $58K 2027-01-29
Mattress Firm - Delivery as a Service Aaron Samples LB +122d $50K 2027-03-31
Currys | Managed Service Nicky Bowman VS +158d $243K 2027-02-05
Nisbets | Product Induction Nicky Bowman VS +128d $101K 2027-02-05
slip_reason column will populate once HubSpot field is filled by reps. Until then, owners must explain at council.

Funnel Conversion & Velocity

Trailing 24 months · stage-to-stage · since 2024-09-21 · Sep 21, 2026

● Live HubSpot
Where deals go when they leave a stage · trailing 24mo · 357 transitions
Forward (or Closed Won)Regressed (sent back a stage)Closed Lost
Prospecting
n=137
66% fwd 0% reg 34% lost
Qualification
n=93
55% fwd 1% reg 44% lost
Solutioning
n=53
74% fwd 4% reg 23% lost
Proposal
n=45
47% fwd 11% reg 40% lost
Negotiation
n=21
62% fwd 24% reg 14% lost
% of deals that EXITED each stage in the trailing 24 months — not deals that entered it. A deal still sitting in a stage today isn't counted until it actually moves. Forward + Regressed + Lost always sum to 100%. Hover a bar segment for exact counts.
Median time-in-stage · trailing 24mo
Prospecting
n=137
14d
Qualification
n=93
21d
Solutioning
n=53
12d
Proposal
n=45
30d
Negotiation
n=21
27d
Top transitions · trailing 24mo
Prospecting → Qualification: 72
Qualification → Solutioning: 49
Prospecting → Closed Lost: 46
Qualification → Closed Lost: 41
Solutioning → Proposal: 39
Proposal → Negotiation: 20
Proposal → Closed Lost: 18
Prospecting → Closed Won: 14
Bottleneck: Qualification — 44% of deals leaving this stage are closed-lost (41 of 93 transitions, trailing 24 months). This is where pipe gets dropped. Reps either need disqualify-faster discipline or earlier MEDDPICC pressure-testing.
Negotiation is getting kicked back the most — 24% of exits from this stage in the trailing 24 months moved BACKWARD to an earlier stage (5 of 21), not forward and not lost. Worth checking whether deals are being advanced into this stage before they're actually ready.

Pipeline by Lead Source

Lead_Source_Vetted_bucketed · open pipeline · Sep 21, 2026

● Live HubSpot
By lead source · ComboCo · $6,627K total
Marketing Generated
$2,614K · 39% · 15
(unset)
$2,480K · 37% · 23
Logicbroker Executive Generated
$615K · 9% · 3
Client Success Generated
$468K · 7% · 8
AE Generated
$250K · 4% · 4
BDR Generated
$150K · 2% · 3
Partnership Generated
$50K · 1% · 1
Marketing vs Sales-sourced · ComboCo
Marketing-sourced
40%
$2,664K · 16 deals · Marketing + Referral + Partner
Unset (hygiene gap)
37%
$2,480K · 23 deals · need backfill
Bucketing convention: Marketing-sourced = inbound/referral/partner. Sales-sourced = AE/Exec/BDR/CS outbound. Unset = no Lead_Source_Vetted_bucketed set in HubSpot.
By lead source · LB · $4,189K total
Marketing Generated
$2,614K · 62% · 15
Logicbroker Executive Generated
$615K · 15% · 3
Client Success Generated
$468K · 11% · 8
AE Generated
$250K · 6% · 4
BDR Generated
$150K · 4% · 3
Partnership Generated
$50K · 1% · 1
(unset)
$42K · 1% · 4
Marketing vs Sales-sourced · LB
Marketing-sourced
64%
$2,664K · 16 deals · Marketing + Referral + Partner
Unset (hygiene gap)
1%
$42K · 4 deals · need backfill
Bucketing convention: Marketing-sourced = inbound/referral/partner. Sales-sourced = AE/Exec/BDR/CS outbound. Unset = no Lead_Source_Vetted_bucketed set in HubSpot.
By lead source · VS · $2,438K total
(unset)
$2,438K · 100% · 19
Marketing vs Sales-sourced · VS
Marketing-sourced
0%
$0 · 0 deals · Marketing + Referral + Partner
Unset (hygiene gap)
100%
$2,438K · 19 deals · need backfill
Bucketing convention: Marketing-sourced = inbound/referral/partner. Sales-sourced = AE/Exec/BDR/CS outbound. Unset = no Lead_Source_Vetted_bucketed set in HubSpot.
37% of ComboCo pipeline has no lead source filed — that's a hygiene gap; reps should backfill Lead_Source_Vetted_bucketed in HubSpot. VS pipeline is 100% unset; LB is mostly filled.

Activity Accountability

Who's engaged with their pipeline and who's gone dark · Sep 21, 2026

● Live
Meetings completed · 14d
7
customer-facing · LB + VS combined
Activity index
35%
open deals with a touch in last 14d
Quiet pipe · at risk
$3,247K
20 deals · no touch in 14d · 10 phantom
Upcoming Meetings · Next 14 Days
Scheduled on open deals · 12 meetings across LB + VS
DealOwnerDateAmt
Samsung - Agentic Freemium CohortLB Luke Sep 21 $0
General Motors - MarketplaceLB Matt Sep 22 $150K
Dick's Sporting Goods - Agentic Freemium CohortLB Aaron Sep 22 $0
B&Q Ireland | DropshipVS Nicky Sep 22 $100K
Toolstation Belgium | DropshipVS Nicky Sep 22 $68K
Lawson Products - B2B DropshipLB Matt Sep 22 $100K
Joy - UpliftLB Eric Sep 22 $14K
Screwfix | New contract upsellVS Nicky Sep 23 $338K
Nisbets | Product InductionVS Nicky Sep 28 $101K
Woodies | InvoicingVS Nicky Sep 30 $49K
HD Supply - Managed Commerce OpsLB Emily Sep 30 $200K
Hobbycraft | DropshipVS Nicky Oct 5 $153K
⬦ Gone Quiet · Silent 14d+
10 deals · $2,148K · had prior touch, now dark
DealOwnerLast TouchAmt
Beyond (Bed Bath and Beyond and The Container Store) - Drop ShipLB Susan 17d ago $900K
Perpay - CCN DropshipLB Kyle 24d ago $250K
Debenhams | DropshipVS Nicky 68d ago $162K
Hobbycraft | DropshipVS Nicky 14d ago $153K
General Motors - MarketplaceLB Matt 52d ago $150K
Howdens | DropshipVS Nicky 41d ago $138K
Dunnes | DropshipVS Nicky 87d ago $138K
Fleet Farm - Drop ShipLB Aaron 40d ago $100K
✕ No Activity Found · 90d
10 deals · $1,099K · no HubSpot or Avoma activity in the last 90 days
DealOwnerAmtStage
Mole Valley | DropshipVS Nicky $138K Prospecting
Bricodepot Iberia | DropshipVS Nicky $138K Solutioning
Viking Direct | Product Induction /PIMVS Nicky $135K Prospecting
JT Atkinson | DropshipVS Nicky $122K Prospecting
Thrive Market- Wellness Category ExpansionLB Matt $100K Prospecting
Boscov's Managed Commerce Operations (Merchandising)LB Carrie $100K Prospecting
TileBar - D2C Drop ShipLB Aaron $100K Solutioning
Staples Inc- B2C Drop ShipLB Matt $100K Prospecting
Reflects HubSpot search results going back 90 days from today — not a claim that these deals have never been touched, just that nothing was found in that window. If a deal here has real older activity, it should show up in HubSpot's own record.

Call to Action

Pick a window and a deal mix · drag the sliders · see what activity it takes to get there · Sep 21, 2026

● Live
Window
Deal mix (win rate & avg deal size)
New-business deals only — upsells, renewals and usage increases excluded.
Coverage
3.5×
Healthy
0.5×1.0×1.5×2.0×2.5×3.0×3.5×
✓ 3.5× is a healthy pipeline coverage target. Numbers below reflect this multiple.
< 2× High Risk 2–3× Building 3.5× Healthy ✓
Intro meetings needed · per 14 days (33–50% conversion)
Intros required to yield those prospects · Q3 2026
Pipeline gap · Q3 2026
Still to generate at current coverage target & deal mix
All periods at the current coverage target & deal mix — the highlighted tile matches the Window selected above.
Q2 · pipeline gap
— new opps / 14d
Q3 · pipeline gap
— new opps / 14d
Q4 · pipeline gap
— new opps / 14d
FY26 · combined gap
— new opps / 14d
How we get there · Q3 2026 · current slider
Gap ÷ avg deal size ÷ win rate ÷ weeks remaining = prospects / 14d
Pipeline gap at target
÷ avg deal size ($50K) →
Deals we need to close
÷ win rate (26%) →
Total prospects needed
÷ weeks remaining · ×2 →
Prospects per 14 days
Win rate and avg deal are New-Business-only (trailing 24 months of closed deals, excluding PayPal and $0 Freemium). Move the slider above to model different coverage targets.
Conversion Engine
Trailing 24mo — All Pipeline vs. New-Business-only (ex-PayPal/Freemium). These stay constant as you adjust the controls above.
BUWin % (All)Avg (All)Win % (New Biz)Avg (New Biz)Sample (All/New)
LB 36% $34K 18% $38K 104W/185L / 34W/155L
VS 8% $97K 3% $122K 13W/145L / 3W/96L
ComboCo 26% $41K 13% $45K 117W/330L / 37W/251L
Open pipeline by lead source
Other 23 deals · 40%
Marketing 15 deals · 26%
Sales 10 deals · 18%
Client Success 8 deals · 14%
Partnership / Referral 1 deals · 2%
Sales = AE + BDR + Executive · Sequences on Slide 9 are the BDR activity proxy · "Other" (32%) = untagged in HubSpot — worth cleaning up

Deal Analytics

Avg deal size, win rate & sales cycle · closed won/lost, trailing 24 months · click a tile to drill in · Sep 21, 2026

● Live Data
Win Rate · # and $
26%
by count · by $ = 16% · 117W / 330L
Avg Sales Cycle · create → close
79d
median 28d · mode 0–15d
Avg Deal Size — all closed-won deals · ComboCo
Product Lens · ComboCo (primary product, closed won/lost, trailing 24mo)
ProductDealsAvg DealWin % (#)Win % ($)Avg Cycle
B2C Drop Ship (57/150 name-inferred) 150 $101K 10% 8% 144d
Untagged 95 $20K 22% 19% 87d
Supplier Drop Ship/Marketplace 70 $20K 41% 22% 86d
Other 40 $16K 88% 68% 15d
Agentic Commerce (7/25 name-inferred) 25 $0 0% 0%
B2C Marketplace (7/18 name-inferred) 18 $0 0% 0%
Product Onboarding Center (6/15 name-inferred) 15 $136K 33% 56% 88d
Managed Services (3/8 name-inferred) 8 $800K 13% 74% 61d
Additional Trading Partners 8 $28K 100% 100% 125d
B2B Drop Ship/Marketplace 5 $0 0% 0%
Third Party Order Routing (2/3 name-inferred) 3 $0 0% 0%
Additional Orders (low sample) 2 $18K 50% 15% 0d
CCN - Supplier (low sample) 2 $8K 50% 13% 37d
Wholesale Replenishment (low sample) 2 $0 0% 0%
B2B Supply Chain Visibility (low sample) 2 $0 0% 0%
Data Cloud - Data Pipeline (low sample) 1 $0 0% 0%
3PL Store Routing (low sample) 1 $20K 100% 100% 39d
Multi-product deals attribute to the first-listed product only, so rows are additive to the BU total. Rows under 3 deals are directional only. Where the HubSpot product field was blank, a product was guessed from the deal name (e.g. "Dropship", "Marketplace", "Product Induction") — marked "(N/M name-inferred)"; ambiguous names (e.g. "Uplift", bare company names) are left in Untagged rather than guessed.
Win Rate · # and $
36%
by count · by $ = 19% · 104W / 185L
Avg Sales Cycle · create → close
68d
median 21d · mode 0–15d
Avg Deal Size — all closed-won deals · Logicbroker
Product Lens · Logicbroker (primary product, closed won/lost, trailing 24mo)
ProductDealsAvg DealWin % (#)Win % ($)Avg Cycle
B2C Drop Ship 93 $92K 14% 11% 159d
Supplier Drop Ship/Marketplace 70 $20K 41% 22% 86d
Other 40 $16K 88% 68% 15d
Agentic Commerce 18 $0 0% 0%
Untagged 17 $4K 76% 41% 5d
B2C Marketplace 11 $0 0% 0%
Product Onboarding Center 9 $55K 22% 26% 128d
Additional Trading Partners 8 $28K 100% 100% 125d
Managed Services 5 $800K 20% 80% 61d
B2B Drop Ship/Marketplace 5 $0 0% 0%
Third Party Order Routing (2/3 name-inferred) 3 $0 0% 0%
Additional Orders (low sample) 2 $18K 50% 15% 0d
CCN - Supplier (low sample) 2 $8K 50% 13% 37d
Wholesale Replenishment (low sample) 2 $0 0% 0%
B2B Supply Chain Visibility (low sample) 2 $0 0% 0%
Data Cloud - Data Pipeline (low sample) 1 $0 0% 0%
3PL Store Routing (low sample) 1 $20K 100% 100% 39d
Multi-product deals attribute to the first-listed product only, so rows are additive to the BU total. Rows under 3 deals are directional only. Where the HubSpot product field was blank, a product was guessed from the deal name (e.g. "Dropship", "Marketplace", "Product Induction") — marked "(N/M name-inferred)"; ambiguous names (e.g. "Uplift", bare company names) are left in Untagged rather than guessed.
Win Rate · # and $
8%
by count · by $ = 11% · 13W / 145L
Avg Sales Cycle · create → close
158d
median 92d · mode 15–30d
Avg Deal Size — all closed-won deals · Virtualstock
Product Lens · Virtualstock (primary product, closed won/lost, trailing 24mo)
ProductDealsAvg DealWin % (#)Win % ($)Avg Cycle
Untagged 78 $46K 10% 17% 212d
B2C Drop Ship (57/57 name-inferred) 57 $163K 4% 5% 51d
B2C Marketplace (7/7 name-inferred) 7 $0 0% 0%
Agentic Commerce (7/7 name-inferred) 7 $0 0% 0%
Product Onboarding Center (6/6 name-inferred) 6 $190K 50% 73% 49d
Managed Services (3/3 name-inferred) 3 $0 0% 0%
Multi-product deals attribute to the first-listed product only, so rows are additive to the BU total. Rows under 3 deals are directional only. Where the HubSpot product field was blank, a product was guessed from the deal name (e.g. "Dropship", "Marketplace", "Product Induction") — marked "(N/M name-inferred)"; ambiguous names (e.g. "Uplift", bare company names) are left in Untagged rather than guessed.
Win Rate and Sales Cycle tiles are blended across all deal types, excluding only the PayPal deal ($1,050K Q3, tracked on its own slide) and $0 Freemium cohort deals. The Avg Deal Size tile additionally excludes existing-business upsells/usage-increases (New Business Only, changed 2026-09-18) — blending them in was skewing the average. Its drill-down shows every New-Business closed-won deal in the window; "⚑ outlier" (1.5× IQR, computed within that New-Business pool) is a label only, never a filter.