The Tim Ferriss Show
The Tim Ferriss Show

#543: Legendary Investor John Doerr on Picking Winners — From Google in 1999 to Solving the Climate Crisis Now

Legendary Investor John Doerr on Picking Winners — From Google in 1999 to Solving the Climate Crisis Now | Brought to you by ShipStation shipping software; Allform premium, modular furniture; and Athletic Greens all-in-one nutritional supplement. More on all three below. John Doerr (@johndoerr) is a

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Episode Summary

Executive Summary: Tim Ferriss interviews John Doerr about his path from Intel to Kleiner Perkins, the origins and power of OKRs, and his new climate book Speed and Scale. Doerr argues climate change needs a concrete, measurable plan: cut 59 gigatons of emissions to net zero by 2050 through electrification, clean grids, food reform, nature protection, industrial decarbonization, and carbon removal, backed by policy, innovation, and investment.

Main Topics: John Doerr’s career path and mentorship at Intel: Doerr recounts arriving in Silicon Valley, working at Intel, learning from Andy Grove, and how Grove’s management style shaped his approach to leadership, accountability, and decision-making. The origin and philosophy of OKRs: The conversation explains how Objectives and Key Results were developed from Intel’s management practices and later adopted at Google to align teams, track progress, and pursue ambitious goals. Google, Larry Page, Sergey Brin, and scaling with OKRs: Doerr describes his early investment in Google, the first OKR presentation to the founders, and how OKRs became a core operating system for Google’s growth and culture. Climate crisis as a measurable systems problem: Doerr frames climate change as an engineering and execution challenge requiring a specific plan, not just activism or aspiration, and introduces the Speed and Scale framework. Innovation, investment, and the clean-tech learning curve: He reflects on a billion-dollar clean-tech investing effort, many failures, and why the sector is now more viable due to better economics, stronger demand, and more capital. Personal meaning, family, and leadership: Doerr discusses regret about having children later in life, the role of family in creating meaning, and how personal values connect to long-term leadership and climate responsibility. Climate justice and collective action: The episode closes with a focus on inequality, the burden on poorer nations, and the need for policy, finance, and worker transition support alongside individual behavior change.

Key Arguments: OKRs work because they force clarity: define an objective, then specify measurable key results that show whether progress is happening. Andy Grove’s management style combined discipline, education, and direct feedback, making him a model for effective leadership. Google’s early success was enabled not just by technology, but by a culture of alignment, transparency, and stretch goals supported by OKRs. Climate change is not a vague moral issue alone; it is a solvable execution problem that needs a detailed, time-bound plan. The world must reduce annual emissions from 59 gigatons to zero by 2050 to avoid catastrophic climate outcomes. The clean-tech sector is now more attractive than in 2006 because technologies are cheaper, markets are clearer, and capital is flowing more freely. Individual actions matter, but collective action through policy, utilities, employers, investors, and political engagement is necessary to reach net zero. Climate change is also an inequality problem: those least responsible will suffer most, so climate justice and financing for developing countries are essential.

Data Points: Annual greenhouse gas emissions: 59 gigatons per year - Doerr says this is the current amount that must be driven to zero by 2050. Net-zero target year: 2050 - Central deadline in the Speed and Scale plan to avoid catastrophic climate change. Global carbon budget: 400 gigatons - Doerr cites the IPCC budget for a decent chance to limit warming to 1.5°C. Time until carbon budget is exhausted: Less than 7 years - At current emissions rates, the budget will be used up quickly. Required emissions reduction by 2030: 50% reduction - Doerr says the decisive decade requires cutting emissions in half by 2030. Annual improvement rate needed: At least 8% per year - He says the world must improve at this pace to get halfway to net zero by 2030. Google OKR start year: 1999 - Doerr dates the first OKR session with Google to this year. Initial Google browser goal: 20 million weekly active users - Sundar Pichai’s early Chrome OKR target. Later Chrome goal: 111 million weekly active users - A more aggressive stretch goal set after the initial target was missed. Clean-tech investment amount: $1 billion - Kleiner Perkins invested this amount starting in 2006 across 100 clean-tech companies. Value of that clean-tech portfolio: $3 billion - Doerr says the billion-dollar investment is now worth about three billion. Recent clean-tech VC funding: $23 billion - He cites this as last year’s venture investment into more than 1,000 clean-tech startups. Current-year clean-tech funding cited: $16 billion - He says startups had raised this amount in the first part of 2021. Google founding age: 24 years old - Doerr notes Larry Page and Sergey Brin were 24 when he invested. Personal family OKR: Home for dinner 20 nights a month by 6 p.m. - Doerr gives this as a personal example of an OKR.

Pivotal Quotes: "The objective is what we're trying to achieve. The key result is how we're going to get it done." — John Doerr: Doerr defines OKRs in simple terms for listeners. "We're dumping 59 gigatons of greenhouse gases into the atmosphere every year, as if it's some kind of free and open sewer." — John Doerr: He explains the scale and urgency of the climate problem. "We're the first generation to feel the effects of climate change and the last generation who can do something about it." — Barack Obama (quoted by John Doerr): Doerr uses this line to underscore urgency and responsibility.

Implications: The episode argues that ambitious problems need measurable plans, not vague intentions. For founders, investors, and citizens, the message is to use OKRs, back scalable climate solutions, and push for policy and capital shifts now.

From the Episode

From each of those five sectors or components and key results that make up the invest part of our plan. Could you give another example? Could be personal, could be from a past company that folks might recognize, whether it's a Google or an Amazon, could really be anything. But could you give another concrete example of what OKRs might look like for those people at home who are thinking how they might create OKRs for themselves? And we're going to come back. To discussing speed and scale and the various multi-pronged approach. But I'd love to just make it exceptionally clear to everybody listening what OKRs are and, like you said, how they differ from what people might consider goal setting. OKRs stands for Objectives and Key Results. The objective is what we're trying to achieve. The key result is how we're going to get it done. One of my favorite OKR stories is in my first book called Measure What Matters. And that's when Larry Page and Sergei Brin turned to Sundar Pishai, who at the time was a Google product manager. And they said to him they'd like to create the next generation web browser and application development environment, which eventually became Google Chrome. Now, Sundar's genius was to. Translate that into both the correct objective.

John Doerr · at 46:31

Might look like. It could be in any format. And then perhaps give an example of how you might apply OKRs to your personal life. One business, one personal. Could my business one be applying OKRs to the climate crisis? Yes. Good. Let's do the climate crisis first and foremost. So, look, there's three numbers that we've got to remember about the climate crisis. This is the engineer in me speaking. And those numbers are 59. Net zero in 2050. And simply put, Tim, we're dumping 59 gigatons of greenhouse gases into the atmosphere every year as if it's some kind of free and open sewer. And that number has got to go to zero by 2050, we're told by the science, if we're going to avoid catastrophic, irreversible climate crisis. And so the number one objective of the speed and scale plan is to drive 59 gigatons to zero. That's great. That's a goal. The world has lots of goals with respect to climate and with respect to this really important area.

John Doerr · at 28:47

But I think it's really a balance between deploying more now of what we have and we know works while we're investing for the new. It's the now and the new. I think Bill Gates has great confidence in the new and the role of innovation. And I share a lot of that optimism with him. I do think there's to your earlier point about motivation, Besides Hal and Bill, who are working this full time, I'm really struck by something that Barack Obama said about the climate crisis, which is, and our obligation. He said, we're the first generation to feel the effects of climate change and the last generation who can do something about it, which really conveys, I think, the responsibility and the urgency that we have to tackle this problem. Let's discuss action steps, calls to action. Audience, meaning my fine listeners really span across every possible sector. They are found in private sector, in the public sector, positions of policy influence, governmental influence. They're everywhere. They're all over the place. And there are many people who are not in those positions, but nonetheless, very interested in trying to contribute in whatever way that they can. Are there any particular

Barack Obama · at 57:29
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About The Tim Ferriss Show

Tim Ferriss is a self-experimenter and bestselling author, best known for The 4-Hour Workweek. In this show, he deconstructs world-class performers from eclectic areas (investing, sports, business, art, etc.) to extract the tactics, tools, and routines you can use.

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