David Rosenthal: commitment

Transcript context

…He was, yeah. I’d get to watch his few seconds a game when they throw him in. That’s awesome. My Carve Out for the week is actually a concept, a management tool, self-management of your teams that probably a lot of you are familiar with called OKRs (objectives and key results). I bring it up because we just passed the midway point in the year, so I was doing my midyear sort of self-review and check-in. I’ve been using OKRs for a couple of year. They’re really great. So the idea, there’s a cool history behind it. Google uses OKRs and they were introduced to Google when they were still a tiny startup by John Doerr from Kleiner Perkins who was on their board. We’ll link to it in the show notes. Rick Klau who is a partner at Google Ventures and had been at Google and YouTube before that gives a great kind of hour-long overview about how the objective and goal-setting process works at Google. It's really good. I just use it myself, but it also is great for teams. The idea is that you set a small finite number of objectives for yourself in any period and an objective is a high level thing. So, one of mine is help my portfolio companies. Then you set KRs or key results under each objective and the key results have to be SMART (specific, measurable, actionable, realistic, and time-bounded). I think that’s it. Anyway, but like one I have is spend at least 15 hours per quarter face to face with each founder of each portfolio company I work with. So it has to be super clear, did you hit this, yes or no at the end of the quarter. Anyway, it's a great system. The concept is you should really stretch yourself and achieve half or less of your key results. But anyway, shout-out to OKRs. Awesome. Well, that about does it. If you aren’t currently subscribed and would like to hear more, you can subscribe from your favorite podcast client? If you feel so inclined, we’d love a review on iTunes or to tell your friends on Twitter and Facebook, too. Thanks much for joining us.…

Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.