Skip to content

Issue No. 364 · Tuesday, 4 March 2026 · Lisbon

Yeu Tre Tho

The thinking partner for teams who refuse to ship mediocre work.

A weekly research-grade essay and 30-minute audio breakdown for operations leads, chiefs of staff, and product managers who treat how they work as seriously as what they ship. Published every Tuesday since March 2018 — 364 issues, zero off-weeks.

Free weekly, or join 1,400 Operating Partners for the full archive, audio, and research requests answered in 4 business days.

A candid portrait of two senior operators reviewing notes in a sunlit Lisbon office.
Mae Kowalski & Diego Ferreira — co-founders, former Stripe and Asana ops leads.

Current Issue · No. 364 · Operating Systems · 18 min read

The Quarterly Review That Quietly Replaced Your Standup

Most teams run quarterly business reviews as theatre. The five teams we studied this winter — including ops leads at Notion, Mercury, and Vanta — turned the QBR into the only meeting that survives the cut.

For six weeks we sat in on twelve QBRs at B2B companies between 80 and 1,200 employees. Seven of them were, to put it plainly, a waste of an afternoon. The decks were polished, the chart of the quarter was familiar, and the decisions made in the room were the same three that could have been approved by email. The other five were the opposite. They were the only meeting where the executive team genuinely changed its mind about something.

The difference, we argue, is structural — not cultural, not a function of seniority, not even a question of how good the data is. The five teams had rewritten the QBR around a single artifact they call a decision log, and they had given one person — usually the chief of staff, sometimes a senior PM — explicit authority to refuse any slide that could not be tied to a logged decision from the previous quarter.

This week's essay walks through the artifact, the refusal authority, and the exact 47-minute template the highest-performing team in our sample used. We also publish, with permission, two of their internal decision logs from Q4 2025 so you can compare the form against your own.

Primary sources: 12 internal QBR recordings (anonymized), 4 founder interviews, 1 prior cover essay on meeting audits (Issue No. 271, "The Meeting Audit That Saved $4.2M," downloaded 38,400 times in its first week).

By the numbers · Continuity as a discipline

Eight years of uninterrupted publication, audited.

364

consecutive weekly issues since March 2018 — no off-weeks, including through two recessions.

51.2%

average open rate across the last 26 issues, verified by an independent ESP audit (Nov 2025).

1,400+

paid Operating Partners, with a 91%+ renewal rate across 19 consecutive quarters.

98.4%

forensic transcription accuracy on every audio edition, verified by independent QA in Q1 2024.

Every claim links to a primary source checked by our three-person research desk. We publish a corrections log the same week an error is flagged.

From the archive · Recent issues

Recent essays, by editorial section.

See all 364 issues →
  1. Issue No. 363 · Operating Systems · 22 min

    The Two-Question RFP That Cut Our Vendor Pipeline by 70%

    A framework for procurement teams to filter vendors without writing a single-page brief.

  2. Issue No. 362 · Decision Quality · 17 min

    Pre-Mortems Don't Work. Here's What Does.

    Six teams abandoned pre-mortems in favor of a faster, quieter ritual — and shipped better decisions.

  3. Issue No. 361 · Cross-Functional Ops · 24 min

    The One-Word Handoff That Fixed Engineering and Support

    A field report from a 380-person SaaS team that rebuilt its incident handoff around a single noun.

  4. Issue No. 360 · Research Note · 14 min

    What 2,300 Teams Taught Us About Async Standups

    An aggregated look at the standup formats used by teams in the Yeu Tre Tho network — and which one correlates with shipped work.

What readers say

"Yeu Tre Tho is the only publication I open before I open my calendar. The essays are opinionated in a way most research notes aren't — they actually pick a side, then they earn it. We have cited Issue No. 271 in two internal operating reviews this year, and the chief of staff now treats the Tuesday drop as required reading for the leadership team."

Priya Ramanathan

VP Operations, Mercury · Operating Partner since 2022

Every Tuesday · since March 2018

One long essay. One 30-minute audio breakdown. In your inbox by 9 a.m. Lisbon.

Replace the 47 browser tabs, three podcasts, and four Substack subscriptions cluttering your reading queue. Free for the essay; paid for the archive, the audio, and a research desk that answers your submitted questions within four business days.

No sponsored content. We turn down 92% of paid pitches and disclose every partnership in-line. · 104,000+ free subscribers · 1,400+ paid members.