13 OKR examples for Funding
What are Funding OKRs?
The OKR acronym stands for Objectives and Key Results. It's a goal-setting framework that was introduced at Intel by Andy Grove in the 70s, and it became popular after John Doerr introduced it to Google in the 90s. OKRs helps teams has a shared language to set ambitious goals and track progress towards them.
Crafting effective OKRs can be challenging, particularly for beginners. Emphasizing outcomes rather than projects should be the core of your planning.
We've tailored a list of OKRs examples for Funding to help you. You can look at any of the templates below to get some inspiration for your own goals.
If you want to learn more about the framework, you can read more about the OKR meaning online.
Best practices for managing your Funding 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's audit dashboard will highlight opportunities to improve OKRsTip #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's check-ins will save you hours and increase transparencyTip #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 Funding 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.
- Use our free OKRs generator
- Use Tability, a complete platform to set and track OKRs and initiatives
- including a GPT-4 powered goal generator
Best way to track your Funding OKRs
Your quarterly OKRs should be tracked weekly in order to get all the benefits of the OKRs 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
Most teams should start with a spreadsheet if they're using OKRs for the first time. Then, once you get comfortable you can graduate to a proper OKRs-tracking tool.
Tability's Strategy Map makes it easy to see all your org's OKRsIf 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.
Funding OKRs templates
We've covered most of the things that you need to know about setting good OKRs and tracking them effectively. It's now time to give you a series of templates that you can use for inspiration!
You will find in the next section many different Funding Objectives and Key Results. We've included strategic initiatives in our templates to give you a better idea of the different between the key results (how we measure progress), and the initiatives (what we do to achieve the results).
Hope you'll find this helpful!
OKRs to secure $1 million for the pre-seed funding round
Secure $1 million for the pre-seed funding round
Identify and reach out to 50 potential investors by end of phase 1
Initiate contact with each investor through personalized emails- Research and locate contact information for identified investors
- Identify 50 potential investors using business directories or networking
- Achieve commitment for investment from minimum 50% met investors by final phase
- Negotiate and finalize investment commitments from participating investors
- Create a compelling presentation for potential investors
- Schedule and conduct regular meetings with interested investors
- Secure meetings with at least 25% of identified investors by phase 2
- Create a persuasive investment proposal
- Schedule and arrange meetings with identified investors
- Identify and research potential investors for pitching
OKRs to secure Seed funding
- Be on track for Seed funding
- Reach $200k ARR
- Show a 3x year-on-year revenue growth
OKRs to raise 1 Million US Dollars as seed funding
- Raise 1 Million US Dollars as seed funding
- Identify and pitch to 50 potential investors in targeted industries
- Create a comprehensive list of 50 potential investors in targeted industries
- Research each investor's interests, prioritizing those aligned with our company
- Develop and customize pitches tailored to each potential investor
- Secure commitments from 10 investors at an average of $100,000 each
- Schedule individual meetings to present pitch
- Identify 20 potential investors for initial outreach
- Prepare a persuasive investment pitch
- Execute fundraising events/campaigns generating $200,000 in total
- Organize high-donor events and peer-to-peer fundraising campaigns
- Implement donor stewardship plan to encourage repeat contributions
- Develop a comprehensive fundraising strategy targeting a $200,000 goal
OKRs to secure funding from three new investors
- Increase investor funding
- Secure funding from at least three new investors
- Create a compelling investment pitch
- Establish new relationships with potential investors
- Schedule and conduct meetings with interested investors
OKRs to strengthen collaboration and maximize the impact of public and private partnerships
- Strengthen collaboration and maximize the impact of public and private partnerships
- Increase the number of public and private partnership agreements by 20%
- Initiate targeted outreach and networking efforts to engage potential public and private partners
- Develop a compelling proposal highlighting the benefits of collaboration to potential partners
- Streamline negotiation and agreement processes to ensure efficient and timely partnership agreements
- Research potential public and private partners aligned with our mission and values
- Foster trust and deepen relationships with partners through regular communication and engagement
- Schedule bi-weekly check-ins with partners to share updates and gather feedback
- Plan and host quarterly virtual events or webinars to facilitate networking and collaboration
- Offer regular performance reviews and acknowledgments to show partners their value and importance
- Share relevant industry news and resources with partners to foster knowledge exchange
- Measure and enhance the effectiveness of partnerships by conducting quarterly evaluations and feedback sessions
- Analyze evaluation data and identify areas for improvement to enhance partnership effectiveness
- Implement action plans based on feedback and evaluation results to optimize partnerships
- Schedule and conduct quarterly feedback sessions with partners to gather their insights
- Develop a comprehensive evaluation framework to measure partnership effectiveness accurately
- Secure additional funding opportunities by leveraging existing partnerships and identifying new potential collaborators
- Review existing partnerships and identify any untapped funding opportunities
- Develop a strategic plan to leverage existing partnerships for securing additional funding
- Conduct research to identify potential new collaborators with relevant funding resources
- Build relationships with potential collaborators through networking events and communication channels
OKRs to secure Series A funding
- Be on track for Series A funding
- Show a 3x year-on-year revenue growth
- Reach $1.5M ARR
OKRs to secure funding for mobile game prototype
- Secure funding for mobile game prototype
- Research and identify 100 viable investors for gaming prototype by week 6
- Develop and perfect a unique and engaging pitch for potential funders by week 3
- Identify unique selling points of the project
- Practice the pitch for fluid delivery
- Create a compelling narrative for the pitch
- Secure meetings and present pitch to at least 50% of identified investors
- Prepare and rehearse investor pitch
- Compile contacts of identified investors
- Schedule meetings with each investor
OKRs to launch a high growth and profitable tech startup
- Launch a high growth and profitable tech startup
- Develop a minimum viable product, tested and approved by a focus group of 25 participants
- Create and test the product with focus group
- Implement changes based on feedback
- Identify key features for the minimum viable product
- Secure funding worth at least $1M from reliable investors
- Schedule and conduct persuasive pitch meetings with investors
- Develop a compelling business proposal showcasing ROI
- Research and create a list of potential reliable investors
- Assemble a cohesive team of 5 skilled professionals for key operations
- Identify required skills for key operations team roles
- Source potential candidates through networking or recruiting
- Conduct interviews and select final team members
OKRs to maximize funding for Corporate Social Responsibility (CSR) initiatives
- Maximize funding for Corporate Social Responsibility (CSR) initiatives
- Achieve 80% of staff participation in company-wide CSR fundraisers
- Implement incentives for participating in CSR fundraisers
- Design engaging CSR fundraiser activities to encourage participation
- Communicate the importance and impact of CSR fundraisers to staff
- Increase CSR budget allocation by 25% from last quarter
- Secure at least 3 new partnerships for CSR funding by quarter end
- Identify potential partners aligned with our CSR goals
- Reach out to and pitch to 5 organisations every week
- Follow-up and secure agreements with interested prospects
OKRs to attract €1m for SAFE investment funding
- Attract €1m for SAFE investment funding
- Close at least 10 investment deals ranging €80,000 - €120,000 each
- Identify potential investors interested in €80,000 - €120,000 investments
- Negotiate and finalize at least 10 investment deals
- Develop a compelling presentation showcasing investment opportunities
- Conduct 40 investor presentations to showcase SAFE investment benefits
- Schedule and conduct 40 investor presentations
- Identify and compile list of potential investors for presentations
- Develop compelling presentation material on SAFE investment benefits
- Identify and connect with 100 potential investors with interest in SAFE
- Develop a tailored pitch for SAFE investment
- Research and list 100 potential SAFE investors
- Initiate contact with each identified investor
OKRs to secure venture capital funding for Plika's Latam expansion
- Secure venture capital funding for Plika's Latam expansion
- Secure a minimum of $1million in funding committed by at least 2 investors
- Conduct engaging pitch meetings with selected investors
- Identify and connect with potential investors
- Develop a comprehensive, persuasive business plan presentation
- Arrange pitch meetings with a minimum of 10 prospective Venture Capital investors
- Identify and research 10 prospective Venture Capital investors
- Prepare a compelling investment pitch presentation
- Schedule meetings via email or phone calls
- Identify and prioritize 20 potential Venture Capitalists suitable for our expansion strategy
- Research and compile a list of 20 potential venture capitalists
- Analyze each prospect's investment tendencies and records
- Rank potential investors based on alignment with our expansion strategy
OKRs to achieve optimal resource allocation on funding
- Achieve optimal resource allocation on funding
- Reduce operational spending by 10%
- Identify inefficient operations and implement cost-saving measures
- Negotiate with suppliers for discounted rates
- Limit non-essential expenditures
- Improve ROI on invested funds by 15%
- Analyze current portfolio performance and identify underperforming assets
- Rebalance portfolio to include identified higher-yield investments
- Research potential higher-yield investment opportunities
- Secure 20% increase in investment funds
- Compile financial reports showcasing potential for growth
- Develop a persuasive investment proposal
- Schedule pitches with potential investors
OKRs to prepare for a Series A funding
- Prepare for Series A funding
- 5x monthly recurring revenue (MRR) by through expanding product offerings and acquiring new customers
- Increase customer retention rate by 15% through implementing a customer success program
- Increase the monthly active users by 10x
- Identify and target at least 15 potential investors
- Secure 50 intro calls
- Make a list of 100 VCs to reach out to
More Funding OKR templates
We have more templates to help you draft your team goals and OKRs.
- OKRs to establish monitor arm distribution via furniture dealers
- OKRs to get started with OKRs
- OKRs to boost Productivity & Results of KOL Marketing
- OKRs to provide ongoing compliance training and education to all employees
- OKRs to successfully adapt and contribute to the new team and project
- OKRs to increase job productivity through effective goal setting and time management
OKRs resources
Here are a list of resources to help you adopt the Objectives and Key Results framework.
- To learn: Complete 2024 OKR cheat sheet
- Blog posts: ODT Blog
- Success metrics: KPIs examples