The Intrinsic Value Podcast - The Investor’s Podcast Network
MI172: Zero to IPO & Cofounding Okta w/ Frederic Kerrest
May 24, 2022
Explore the journey of Okta, a multi-billion dollar company, overcoming challenges and competing with tech giants. Learn about the founder's personal growth, lessons learned, and the importance of determination. Reflect on transitioning from SMB to enterprise focus after a revenue target miss. Discuss competition, time management, and entrepreneurial traits. Dive into raising institutional venture capital, building a strong company culture, and Octa Stock's performance.
40:57
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Quick takeaways
- Okta prioritized bold ideas and adaptive technologies for exponential growth.
- Okta excels in enterprise identity management through seamless integration for customer interaction.
Deep dives
Building a Successful Startup with Frederick Karist
Starting a startup requires innovation beyond just small improvements but aiming for order of magnitude more effectiveness. Frederick Karist, the Executive Vice Chairman and Co-Founder of Okta, highlights the need for bold ideas in his book Zero to IPO. Despite challenges such as a significant revenue miss in 2011, Okta bounced back to become a multi-billion dollar company by focusing on adapting technologies like Software as a Service. By addressing significant gaps in enterprise cloud technology, Okta grew to serve 15,000 customers.
