OKRs (Objectives and Key Results) are a framework popularised by Google and used by most successful tech companies. But many early-stage startups use them incorrectly.
What OKRs are not
OKRs are not a to-do list. Neither are they a performance review. OKRs are about focusing the entire organisation on the most critical goals.
The right OKR structure for a pre-seed startup
In pre-seed you should have at most 2–3 objectives per quarter. Each objective should have 2–4 key results that are measurable and binary.
Example:
- KR1: Interview 50 potential customers by March
- KR2: Sign 10 paying beta customers
- KR3: NPS > 40 among beta users
The most common mistake
Setting OKRs that are too easy to reach. Google's philosophy is that you should reach 60–70% of key results. If you reach 100%, your ambition level is too low.