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Founder CEO Todd McKinnon was VP of Engineering at Salesforce and left to start Okta in the depths of the last downturn. Seat Contractions Have Brought NRR Down From 120% to 111% While 111% NRR is still quite an engine at this scale, the drop in NRR from seat contractions explains a good chunk of the headwinds Okta has seen. #2.
One is, lots of folks that have been through the startup cycle, you have this extrapolation from a single data point problem, which is, “OK, we have this story. Another piece of very, very good startup advice that I’ve given myself a hundred times is the “Do one thing exceptionally well.” This is what we did.
And we were using a solution from Amazon AWS… We had one big issue first, which was a number of regions they were supporting were not the same vendors. The engineering team was super, super small at this moment. When we did this studies and where we were having to sign the contract with the AnyCasts provider, we took some time.
I started right at the end of 2011, and I started in the role of VP of engineering. Every year, 15% of our engineers who were in the company left the company to go do something else; Startups, go to Facebook or Google, whatever it was they left for. I had one year of Spanish in high school.
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