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Seeking Wisdom with David Cancel

#Operations 3: What Ops Pros Can Learn from this $9 Billion Company

Seeking Wisdom with David Cancel

Molly Sloan

Business, Entrepreneurship

5610 Ratings

🗓️ 5 April 2019

⏱️ 21 minutes

🧾️ Download transcript

Summary

Today on #Operations, host Sean Lane sits down with Okta's VP of Business Operations, Jake Randall. Okta's market cap is now $9 billion...not a bad company to learn from. Together Sean and Jake discuss how to actually measure your ops team's performance, scaling through hypergrowth, Jake's career path at Okta, what he's reading now and much more.

Transcript

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0:00.0

Hey everyone.

0:13.4

Welcome back for another episode of Operations, the show where we look under the hood of

0:18.2

companies in hypergrowth.

0:19.7

You know how in sales you can always tell pretty much exactly where someone is at in terms of their performance?

0:24.6

You look at percentage of attainment to quota and by and large you have your answer, right?

0:28.6

In a lot of other gigs though, including operations, the answer to how quote unquote good someone is at their job can be a little bit murkier.

0:36.6

And how good an operations team is little bit murkier. And how good an operations

0:38.5

team is can be murkier still. Luckily, on today's episode, our guest, Jake Randall from Octa,

0:44.8

is going to help us clear things up. You're also definitely going to want to stick around for one hell

0:49.4

of a pivot table metaphor from Jake coming up later in the show. That may be the nerdiest sentence I've ever

0:54.9

said out loud. Anyways, Jake is the VP of Operations at ACTA, and he's at a front row seat for

1:00.0

nearly all of the stages of hypergrowth during his seven plus years at the company, from around

1:04.9

there, series B, up through when the company went public last year and beyond. By the way,

1:10.1

Octa now has a $9 billion market cap. That's

1:13.2

billion with a B. During his time at the company, Jake has risen through the ranks in a variety of

1:18.2

different finance and biz ops roles. Now, because everyone has their own slightly different

1:23.5

definition, before we jumped in, I wanted to level set with Jake on what bizops

1:27.6

actually means at Octa. Yeah, it's a great question. I think whenever I meet someone who has

1:33.4

a similar title as myself, first question is, wait, so what do you actually do? Which is, I think,

1:39.1

somewhat unique maybe to the biz ops world. So I think, you know, Octa's is a slightly maybe

1:43.8

different as it may be

1:45.2

version of it ourselves. BizOps at ACTA is really a centralized strategy and operations

...

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