Table of content

1 OKR examples for Startup Evaluation

What are Startup Evaluation OKRs?

The Objective and Key Results (OKR) framework is a simple goal-setting methodology that was introduced at Intel by Andy Grove in the 70s. It became popular after John Doerr introduced it to Google in the 90s, and it's now used by teams of all sizes to set and track ambitious goals at scale.

Crafting effective OKRs can be challenging, particularly for beginners. Emphasizing outcomes rather than projects should be the core of your planning.

We have a collection of OKRs examples for Startup Evaluation to give you some inspiration. You can use any of the templates below as a starting point for your OKRs.

If you want to learn more about the framework, you can read our OKR guide online.

Our Startup Evaluation OKRs examples

You'll find below a list of Objectives and Key Results templates for Startup Evaluation. We also included strategic projects for each template to make it easier to understand the difference between key results and projects.

Hope you'll find this helpful!

OKRs to identify high-potential startups for potential investment

  • ObjectiveIdentify high-potential startups for potential investment
  • Key ResultAttend or participate in a minimum of 3 startup pitch events to expand network and discover new opportunities
  • TaskRegister and RSVP for the chosen startup pitch events
  • TaskEngage with fellow entrepreneurs and exchange contact information for future collaboration
  • TaskPrepare a concise pitch to present at the startup pitch events
  • TaskResearch upcoming startup pitch events in the local area
  • Key ResultResearch and evaluate a minimum of 20 startups with innovative and scalable business models
  • TaskConduct thorough research on each startup's business model and scalability
  • TaskCreate a report summarizing the findings and key insights from the research
  • TaskCompile a list of 20 startups with innovative business models
  • TaskEvaluate the potential of each startup based on identified criteria
  • Key ResultConduct thorough due diligence on at least 10 startups, assessing financials, market potential, and team
  • TaskInvestigate the background and expertise of the team members in 10 startups
  • TaskSummarize the findings of due diligence in concise reports for each startup assessed
  • TaskResearch and analyze the financial statements of 10 startups for detailed assessment
  • TaskEvaluate the market potential of 10 startups through market analysis and potential growth opportunities
  • Key ResultEstablish partnerships with at least 2 trusted venture capitalists or angel investors for knowledge-sharing and potential co-investment opportunities
  • TaskReach out to the selected venture capitalists or angel investors to express interest in collaboration
  • TaskResearch and identify potential venture capitalists or angel investors with established credibility
  • TaskSet up meetings or calls with the identified partners to discuss knowledge-sharing and co-investment opportunities
  • TaskEstablish formal agreements and partnerships with the selected venture capitalists or angel investors

Best practices for managing your Startup Evaluation OKRs

Generally speaking, your objectives should be ambitious yet achievable, and your key results should be measurable and time-bound (using the SMART framework can be helpful). It is also recommended to list strategic initiatives under your key results, as it'll help you avoid the common mistake of listing projects in your KRs.

Here are a couple of best practices extracted from our OKR implementation guide 👇

Tip #1: Limit the number of key results

The #1 role of OKRs is to help you and your team focus on what really matters. Business-as-usual activities will still be happening, but you do not need to track your entire roadmap in the OKRs.

We recommend having 3-4 objectives, and 3-4 key results per objective. A platform like Tability can run audits on your data to help you identify the plans that have too many goals.

Tability Insights DashboardTability's audit dashboard will highlight opportunities to improve OKRs

Tip #2: Commit to the weekly check-ins

Don't fall into the set-and-forget trap. It is important to adopt a weekly check-in process to get the full value of your OKRs and make your strategy agile – otherwise this is nothing more than a reporting exercise.

Being able to see trends for your key results will also keep yourself honest.

Tability Insights DashboardTability's check-ins will save you hours and increase transparency

Tip #3: No more than 2 yellow statuses in a row

Yes, this is another tip for goal-tracking instead of goal-setting (but you'll get plenty of OKR examples below). But, once you have your goals defined, it will be your ability to keep the right sense of urgency that will make the difference.

As a rule of thumb, it's best to avoid having more than 2 yellow/at risk statuses in a row.

Make a call on the 3rd update. You should be either back on track, or off track. This sounds harsh but it's the best way to signal risks early enough to fix things.

Building your own Startup Evaluation OKRs with AI

While we have some examples below, it's likely that you'll have specific scenarios that aren't covered here. There are 2 options available to you.

Best way to track your Startup Evaluation OKRs

OKRs without regular progress updates are just KPIs. You'll need to update progress on your OKRs every week to get the full benefits from the framework. Reviewing progress periodically has several advantages:

  • It brings the goals back to the top of the mind
  • It will highlight poorly set OKRs
  • It will surface execution risks
  • It improves transparency and accountability

Spreadsheets are enough to get started. Then, once you need to scale you can use a proper OKR platform to make things easier.

A strategy map in TabilityTability's Strategy Map makes it easy to see all your org's OKRs

If you're not yet set on a tool, you can check out the 5 best OKR tracking templates guide to find the best way to monitor progress during the quarter.

More Startup Evaluation OKR templates

We have more templates to help you draft your team goals and OKRs.

OKRs resources

Here are a list of resources to help you adopt the Objectives and Key Results framework.