MI172: Zero to IPO & Cofounding Okta w/ Frederic Kerrest

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Investing, Education, Business

4.6 • 592 Ratings

🗓️ 24 May 2022

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

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. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Read this episode’s transcript and full show notes on our website. Connect with Frederic: Book | LinkedIn | Twitter Connect with Clay: Twitter HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0	You're listening to TIP.
0:02.9	People think that if they come up with a widget that is 5% or 10% better,
0:08.0	that that's going to be a great way to move the dial,
0:10.2	people are going to get excited about that.
0:11.7	The reality is they aren't.
0:13.2	You have to come up with something that is an order of magnitude more effective.
0:25.2	Man, am I excited to bring you today's episode with Frederick Karras.
0:31.0	Frederick is the Executive Vice Chairman, Chief Operating Officer, and co-founder of Octa.
0:35.8	He's the author of the new book Zero to IPO, a guide to building startups featuring insights from some of the world's most successful
0:38.3	and recognizable entrepreneurs. Alongside his roles at Octa, he also serves as chairman and co-founder
0:44.6	of Horephalus, a platform drug discovery company. Frederick and I sit down to chat about how he
0:50.1	built Octa to be a multi-billion dollar company,? How Octa was able to bounce back from a 70%
0:56.1	revenue miss? Yes, you heard that right, a 70% revenue miss. How Octa has been able to
1:02.8	compete with big tech behemists like Microsoft. Frederick's three rules for living a successful
1:08.4	and fulfilling life. How he and his company are able to filter
1:11.7	out the stock price to focus on the business, and much more. After having the opportunity to chat
1:17.3	with Frederick, it's no wonder that he has had the success he has had over the years. So I'm sure you
1:22.4	will pick up on some valuable nuggets during our conversation. With that, sit back and relax and maybe pull out your
1:28.4	notepad to take some notes as I hope you enjoy this thoughtful discussion with Frederick Karras.
1:33.8	You're listening to Millennial Investing by the Investors Podcast Network, where your hosts,
1:39.3	Robert Leonard and Clay Fink, interview successful entrepreneurs, business leaders and investors to help educate and inspire the millennial generation.
1:52.0	Welcome to the Millennial Investing Podcast. I'm your host, Clay Fink. And today, I am joined by Octa co-founder and C-O Frederick Carist.
	...

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