Clay Finck chats with Frederic Kerrest about how he built Okta to be a multi-billion dollar company, how Okta was able to bounce back from a 70% revenue miss back in 2011, how Okta has been able to compete with big tech behemoths like Microsoft, his three rules for life, how he and his company is able to filter out the stock price to focus on the business, and much more!   Frederic Kerrest is the Executive Vice Chairman, Chief Operating Officer and Co-Founder of Okta. He’s the author of “Zero to IPO,” a guide to building startups featuring insights from some of the world’s most successful and recognizable entrepreneurs. Alongside his roles at Okta, he also serves as Chairman and Co-Founder of Herophilus, a platform drug discovery company.   IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 01:37 - What Okta does and how it became a multi-billion dollar business. 03:43 - Why Frederic chose to stick with Okta after starting the company and helping it grow to over 5,000 employees. 10:30 - How Okta was able to bounce back from missing their sales targets by 70% back in 2011. 13:20 - Ways in which Okta is able to compete with the big tech behemoths. 15:29 - Frederic’s three rules to live by. 24:48 - Frederic’s blueprint for selecting the right partner to do business with. 28:00 - When founders should start considering to take in outside capital. 36:40 - How Frederic helps Okta tune out the stock price to focus on the business. ✔️ Subscribe to Millennial Investing podcast show: https://open.spotify.com/show/7dnn22EWyo6MLsPaR492BM 🖊️ Access our free show notes and transcript here: https://www.theinvestorspodcast.com/millennial-investing/zero-to-ipo 📖 BOOKS MENTIONED: - Zero to IPO by Frederic Kerrest: https://amzn.to/3LrolJH Disclosure: Some of the links above are affiliate links that we may earn commission from. This helps keep our show going! 😀 ▶️ RELATED EPISODES: - (MI146) Building a Business From Scratch & Budgeting Insights w/ Jesse Mecham: https://www.theinvestorspodcast.com/millennial-investing/building-a-business-and-budgeting/ - (MI119) Biggest Lessons of Entrepreneurship w/ Jason Saltzman: https://www.theinvestorspodcast.com/millennial-investing/entrepreneurship-lessons/ 💡 OTHER RESOURCES - Robert and Clay’s tool for picking stock winners and managing our portfolios, TIP Finance: https://www.theinvestorspodcast.com/tip-finance/ - Check out our Investing Starter Packs about business and finance: https://www.theinvestorspodcast.com/mi-starter-packs/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ LISTEN 🎧 TO OTHER SHOWS FROM OUR NETWORK: ₿ If you're interested in Bitcoin, checkout our Bitcoin Fundamentals podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F8wOLjjwNCM5B1qFdrtTdTZ 📚 Dive into value investing and learn more about billionaires with our We Study Billionaires podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F9dDPFYGAHRbrWoToCe2uoU 🏘 Learn the ins and outs of real estate investing with our Real Estate 101 podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F8Yw_8xO2nk-RD7fhb3yktn 💸 Get introduced to the world of investing with our Millennial Investing podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F_p00VYv3psJ8rhDAGOvR5W ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ FOLLOW US ON SOCIAL MEDIA📱: 💻 Facebook: https://www.facebook.com/groups/theinvestorspodcast/ 👔 Linkedin: https://www.linkedin.com/company/the-investor's-podcast/ 🐦 Twitter: https://twitter.com/TIP_Network ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ 📥 Download Stig & Preston's 1-page checklist for finding great stock picks: https://www.theinvestorspodcast.com/form-youtube-checklist/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting.