Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Okrs for Startups by Visible.vc

640 views

Published on

A quick presentation on Objectives and Key Results (OKRs) for startups.

Published in: Technology
  • Be the first to comment

Okrs for Startups by Visible.vc

  1. 1. Objectives & Key Results (aka OKRs) for Startups
  2. 2. Visible.vc | All rights reserved - Visible.vc, Inc. What are OKRs? A framework to set goals and strategy over a specific time.
  3. 3. Visible.vc | All rights reserved - Visible.vc, Inc. Objectives
  4. 4. Visible.vc | All rights reserved - Visible.vc, Inc. 1. Should be clear 2. Are what you hope to accomplish at end of period 3. Should foster discussion and focus on what company should be doing 4. 50% should come from “bottom up” Objectives
  5. 5. Visible.vc | All rights reserved - Visible.vc, Inc. Gmail was born from OKRs!
  6. 6. Visible.vc | All rights reserved - Visible.vc, Inc. Key Results
  7. 7. Visible.vc | All rights reserved - Visible.vc, Inc. 1. Quantitative results that can be measured 2. They are not key results unless they are a number! 3. Feel uncomfortable 4. Graded on a scale of 0 to 1.0 5. .6 to .7 is the target Key Results
  8. 8. Visible.vc | All rights reserved - Visible.vc, Inc. Give me an example!
  9. 9. Visible.vc | All rights reserved - Visible.vc, Inc. Increase Active Companies Increase Monthly Active Companies 300% Create, define and track a company “health” score Outbound campaign(s) to 5,000 companies Dummy Example of Visible OKRs
  10. 10. Visible.vc | All rights reserved - Visible.vc, Inc. Benefits of OKRs
  11. 11. Visible.vc | All rights reserved - Visible.vc, Inc. 1. Disciplines thinking, major goals will surface 2. Create autonomy & accountability 3. Communicate accurately 4. Focuses efforts, keeps organization in step with each other 5. Established indicators for measuring progress Benefits
  12. 12. Visible.vc | All rights reserved - Visible.vc, Inc. Used by companies of all sizes! Benefits or or
  13. 13. Visible.vc | All rights reserved - Visible.vc, Inc. OKRS are not
  14. 14. Visible.vc | All rights reserved - Visible.vc, Inc. 1. A performance or evaluation tool 2. Set in stone 3. Easy to achieve 4. Private or solo’ed off They are not:
  15. 15. Visible.vc | All rights reserved - Visible.vc, Inc. Setting OKRs
  16. 16. Visible.vc | All rights reserved - Visible.vc, Inc. Typically there are OKRs for company, teams and individuals.
  17. 17. Visible.vc | All rights reserved - Visible.vc, Inc. OKRs can be shared across company, teams and individuals.
  18. 18. Visible.vc | All rights reserved - Visible.vc, Inc. They should be created in 1 on 1s through a “negotiation”
  19. 19. Visible.vc | Private & confidential - All rights reserved - Visible.vc, Inc. Company Objectives Team Objectives Individual Objectives 1 on 1’s -> negotiate, develop key results & monitor progress. 50% of company objectives come from bottom up Company Wide: OKRs communicated & graded
  20. 20. Visible.vc | All rights reserved - Visible.vc, Inc. They need to be transparent across the organization
  21. 21. Visible.vc | All rights reserved - Visible.vc, Inc. Have them live in a Google site, doc, etc.
  22. 22. Visible.vc | All rights reserved - Visible.vc, Inc. Grading OKRs
  23. 23. Visible.vc | All rights reserved - Visible.vc, Inc. 1. Grade OKRs with the entire company*, transparent as can be 2. Assign each key results a score of 0 to 1.0 3. Average Key Results to get Objective Score *while company is still small enough
  24. 24. Visible.vc | All rights reserved - Visible.vc, Inc. Increase Active Companies 0.73 Increase Monthly Active Companies 300% 0.5 Create, define and track a company “health” score 1.0 Outbound campaign(s) to 5,000 companies 0.7 Example Grading .7 generally means objective was a success!
  25. 25. Visible.vc | All rights reserved - Visible.vc, Inc. Monitor OKRs throughout the objective period. Discuss in 1 on 1s.
  26. 26. Visible.vc | All rights reserved - Visible.vc, Inc. Now what?
  27. 27. Visible.vc | All rights reserved - Visible.vc, Inc. OKRs are data!!!!
  28. 28. Visible.vc | All rights reserved - Visible.vc, Inc. They help calibrate and find what we’ve learned
  29. 29. Visible.vc | All rights reserved - Visible.vc, Inc. Iterate & build!
  30. 30. Visible.vc | All rights reserved - Visible.vc, Inc. Great Resources Resources Original Blogpost: http://visible.vc/blog/okrs-for-startups/ https://medium.com/startup-tools/okrs-5afdc298bc28 http://sparkcapital.tumblr.com/post/104760637181/adapting-okrs-for-your-startup http://hunterwalk.com/2013/03/01/manager-okrs-maker-okrs-how-id-change-googles-goal-setting- process/ http://firstround.com/review/How-to-Make-OKRs-Actually-Work-at-Your-Startup/ https://www.youtube.com/watch?v=mJB83EZtAjc
  31. 31. Visible.vc | Private & confidential - All rights reserved - Visible.vc, LLC. visible.vc Questions? hi@@visible.vc visible.vc

×