In this episode, NFX discusses the crucial role of Key Performance Indicators (KPIs) in startups. They delve into the significance of daily reports, introduce a KPI checklist, and guide on developing precise, measurable KPIs. The episode also explores the importance of time-specificity, actionability in KPIs, and benchmarking against competitors.
This is The Founders’ List – audio versions of essays from technology’s most important leaders, selected by the founder community.
Everyone knows that KPIs are critical, but often Founders are not looking at KPIs from the right angle. As a General Partner at NFX, Gigi Levy-Weiss now asks three questions to every Founder he meets. Their responses speak volumes about their odds of success:
- Do you diligently track KPIs?
- What KPIs have you chosen to track?
- Have you set appropriate goals based on your KPIs?
Read the full NFX Essay here - https://www.nfx.com/post/how-vcs-see-your-kpis/
(0:00) Introduction
(0:14) Discussing the Importance of KPIs for Startups
(0:51) Significance of Daily Reports in Monitoring Key Numbers
(1:45) Introduction to the KPI Checklist
(3:07) Developing Precise and Measurable KPIs
(5:12) The Role of Time Specificity and Actionability in KPIs
(7:24) Benchmarking Against Competitors
(8:05) Conclusion and Preview of Next Episode
