Desai: Having multiple standard OKRs is the exact opposite of focus
Jay Desai · 20VC: VC / Founder Fit with 3 Things Founders & VCs Must Agree Pre-Investment & Why Having No Company Budgets Creates Internal Entrepreneurs with Jay Desai, Founder & CEO @ PatientPing · Nov 11, 2016 · at 16:01
Jay Desai, founder and CEO of PatientPing, discusses internal company alignment with Harry Stebbings. Desai explains why PatientPing abandoned multiple traditional OKRs in favor of a single company-wide OKR.
0:00 / 0:31exact quote · 31.2s
720p mp4 · rendered on demand · StarZero watermark
“Three of them. One, grow revenues. Two, deliver more value to customers. Three, build a great team. A couple of undistracted, sorry, a couple of distracted, highly unfocused quarters later, we realized that those three OKRs could be universally applied to any company and capture nearly every possible priority, which is the exact opposite of focus. So we decided to shift to just one company, OKR, which we found that there's something very powerful about organizing the company around the thing that's most important right now.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Jay Desai
Desai: Allocating budgets is the fastest way to waste company money
“I've found that there is no faster way for money to disappear Then allocate a budget against something.”
Desai: Explicit CEO-VC alignment creates a significant competitive advantage
“I think that both VCs and CEOs should explicitly be willing to call out what I'm calling CEO VC fit. Or founder VC fit. Because when that's right, it really does add to the company's unfair advantage.”
Desai: Building massive startups requires VCs with sustained high risk tolerance
“If a founder's scope of ambition is to generate billions of dollars of revenues and indeed build the next Apple. Then it can be even more frustrating to partner with the VC who's more conservative and looking for predictable doubles or triples because hitting …”