In our 55th episode of the INSIGHTS podcast, we have with us Vetri Vellore, Founder, and CEO of Ally.io , an OKR software company with customers like Slack, Remitly, Urban Company, among others.
In this episode, we hear from Vetri on what OKRs are, how they are different from other goal-setting frameworks, how businesses can go about adopting them, and some common challenges and pitfalls to be careful about.
Vetri shares about his passion for OKRs and explains the basics of OKR, its benefits, and the practical aspects of implementing OKRs in an organization- small or large. He throws light on the core pillars of OKRs- transparency, frequent cadence, and alignment- and how these pillars help organizations break silos and keep everyone aligned on what really matters, enabling businesses to be more agile and resilient.
To learn more about how you can adopt OKRs as a powerful tool in your organization to increase alignment and engagement around achieving goals, tune in to the latest episode of the Insights Podcast by Accel.
Notes:
02:45 — What are OKRs
04:15 — Vetri’s first rendezvous with OKRs
06:35 — What makes a good ‘objective’ and what’s a good ‘key result’
10:00 — Difference between other systems and OKRs
12:27 — Which kind of companies are better suited to use OKRs
14:20 — Startups adopting OKRs — process and examples
28:20 — Common pitfalls that one should avoid
33:38 — Interplay of OKRs with cultural values and financial budgeting
36:07 — Rapid Fire Questions
We’re looking for the next generation of successful Indian marketplaces. If you’re an early-stage marketplace founder, apply now here or learn more about the #DecodingMarketplaces Startup Hunt.
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We’re building Passionfroot 1, an operating system for creators to manage their business.
We’re based in Europe and raised our $ 3.4m pre-seed round from Creandum and US angels such as Vlad (Webflow) and creators like Ali Abdaal.As we’re creating a new category and as the creator economy is global and mostly online, we’re building from Day 1 a global company and product that helps creators monetize around the world.
This brings a lot of complexities especially in terms of payments and taxes as our early users are based both in Europe and the US and deal with cross-border transactions.What are Do’s and Dont’s for European startups who have a global ambition and build products for a global customer base from Day 1. Anything you would do differently?
Thanks @pjbouten! Love how you’ve thought about incrementally shaping a category with a focus on product and service, and only then thinking about getting the message out there vs the other way around.
And totally agree on the distinctions and overlaps both self-serve and enterprise motions share.
Thanks, PJ, for taking the time to address questions from the great vantage of shaping Showpad into a global, enterprise SaaS brand!