Overcoming a Major Setback in Entrepreneurship

Reflecting on a key entrepreneurial moment of transitioning from SMB to enterprise focus after a 70% revenue target miss in 2011, emphasizing the importance of adapting to challenges for success.

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IN THIS EPISODE, YOU’LL LEARN:

03:24 - What Okta does and how it became a multi-billion dollar business.
05:14 - Why Frederic chose to stick with Okta after starting the company and helping it grow to over 5,000 employees.
11:01 - How Okta was able to bounce back from missing their sales targets by 70% back in 2011.
17:30 - Ways in which Okta is able to compete with the big tech behemoths.
19:28 - Frederic’s three rules to live by.
26:01 - Frederic’s blueprint for selecting the right partner to do business with.
32:54 - When founders should start considering taking in outside capital.
40:38 - How Frederic helps Okta tune out the stock price to focus on the business.
And much, much more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
Check out Frederic’s new book, Zero to IPO.
Robert and Clay’s tool for picking stock winners and managing our portfolios: TIP Finance.
Related episode: MI146: Building a Business From Scratch & Budgeting Insights w/ Jesse Mecham.
Related episode: MI119: Biggest Lessons of Entrepreneurship w/ Jason Saltzman.
Get a FREE audiobook from Audible.
Check out our Investing Starter Packs about business and finance.

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Read this episode’s transcript and full show notes on our website.

Connect with Frederic: Book | LinkedIn | Twitter

Connect with Clay: Twitter

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