One email a month, about operating.

What we learn building affiliate tracking: fraud patterns worth knowing, payout operations that scale, program designs that don't collapse at 100 partners. No growth hacks, no fake urgency.

Monthly. Unsubscribe in one click. We never share the list.

What's in it3 things
Fraud patternsReal cases
Payout operationsChecklists
Program designTrade-offs

Why it exists

Operating knowledge is scarce

Everyone writes about recruiting affiliates

Almost nobody writes about the parts after: holds, clawbacks, tax forms, disputes, audits. That's the part we live in and the part this newsletter covers.

Written from the product

Every issue comes from something the fraud queue or the ledger taught us that week, not from content calendars.

Issue one

The first email goes out when there's something worth saying. Expect it this month; expect it monthly after, never more.