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The Tim Ferriss Show cover image

#543: Legendary Investor John Doerr on Picking Winners — From Google in 1999 to Solving the Climate Crisis Now

The Tim Ferriss Show

NOTE

Presenting OKRs to google

The speaker shared a story of committing a large amount of capital to two young entrepreneurs without a clear business model. They introduced the entrepreneurs to Andy Grove's OKR concept, and although one of them was skeptical, they eventually embraced it. Google adopted OKRs, where every employee sets and grades their objectives and key results every quarter, fostering focus, alignment, commitment, progress tracking, and reaching for ambitious goals. The utilization of OKRs at Google is not linked to bonuses or promotions but serves a higher purpose of creating a social contract for collective effort.

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