This document discusses the benefits and challenges of performance partnerships. It notes that major structural changes in business today include sales going digital, the shift to direct-to-consumer models, and an increased focus on performance-based partnerships. Performance partnerships can bring data, scale, and efficiency to business development by leveraging marketplaces. However, paying partners on a cost-per-acquisition model, ensuring transparency of partners' activities, maintaining ongoing partnerships, and enabling real-time tracking and payment can present challenges. The document advocates for performance partnerships as a "third pipe" to reach mid and long-tail customers.