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AustenAllred's profile
Austen Allred
Austen Allred
Austen Allred
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@AustenAllred

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Austen AllredVerified account

@AustenAllred

CEO @LambdaSchool (YC S17): A CS education that's free until you get a job. I have made remarks that I do not agree with.

San Francisco, CA
lambdaschool.com
Joined December 2010

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    1. Austen Allred‏Verified account @AustenAllred Jun 18

      Austen Allred Retweeted Patrick Collison

      There are a few major differences in how China is doing tech that are a little terrifying if you’re a Silicon Valley company that wants to compete (thread)https://twitter.com/patrickc/status/1008699726005325825 …

      Austen Allred added,

      Patrick CollisonVerified account @patrickc
      "All lists of private companies contain degrees of subjectivity and error, but the Wikipedia ranking of unicorn start-ups by value offers a peek into the future. Of the top 50 entries, 26 are Chinese and 16 are American. There are none from Europe." https://www.ft.com/content/3530f178-6e50-11e8-8863-a9bb262c5f53 …
      10 replies 117 retweets 248 likes
      Show this thread
    2. Austen Allred‏Verified account @AustenAllred Jun 18

      1. They work harder. The standard schedule of a Chinese tech employee is what they call “9-9-6”; 9 AM to 9 PM, 6 days a week If you even joked about requiring 9-9-6 in Silicon Valley you would have people running for the exitshttps://www.wsj.com/articles/long-days-a-staple-at-chinese-tech-firms-1487787775 …

      15 replies 22 retweets 83 likes
      Show this thread
    3. Austen Allred‏Verified account @AustenAllred Jun 18

      2. Regulation is not an issue In the US one of the most likely killers of revolutionary tech startups is regulation. In China the government is often a first investor, first customer, and is the entity that pushes companies forward as much as anything else

      4 replies 9 retweets 60 likes
      Show this thread
    4. Austen Allred‏Verified account @AustenAllred Jun 18

      3. They take a hyper-analytical viewpoint and don’t worry about copying When I was in Beijing we met with the Chinese Airbnb. When they noticed that Airbnb was working they hired 100 people and cranked out feature parity in a few months, and were unashamed of that

      3 replies 6 retweets 54 likes
      Show this thread
    5. Austen Allred‏Verified account @AustenAllred Jun 18

      4. They have a much, much greater supply of STEM workers China has 4x the population but 10x the tech employees. Ordinary software engineers get paid living salaries but not what they get paid in the US.

      1 reply 7 retweets 48 likes
      Show this thread
    6. Austen Allred‏Verified account @AustenAllred Jun 18

      5. There’s a lot of capital with nowhere else to go This is true in the US as well, but in China you not only have practically zero interest but a law that makes it difficult to get money out. Every VC backed company has an investment arm, and multiples are *higher* in China

      1 reply 7 retweets 40 likes
      Show this thread
    7. Austen Allred‏Verified account @AustenAllred Jun 18

      6. They have incredible ecosystems to build into I’ve never seen anything like WeChat. You use it for literally everything, from paying bills to connecting with friends. QR codes are everywhere and actually used, and people expect it

      2 replies 9 retweets 47 likes
      Show this thread
    8. Austen Allred‏Verified account @AustenAllred Jun 18

      7. They don’t fear hardware (or atoms generally) Companies were baffled that SV has such a hard time with hardware. It’s no more difficult in their eyes to ship atoms than bits.

      4 replies 6 retweets 41 likes
      Show this thread
      Austen Allred‏Verified account @AustenAllred Jun 18

      Put all those things together with good ol’ regulatory uncertainty, and it’s difficult to imagine any US company winning a Chinese market. Then you remember that the market is bigger there and growing, and it will likely always be the case that their tech scene is bigger

      7:06 AM - 18 Jun 2018
      • 8 Retweets
      • 56 Likes
      • Noor Al-Hajri J Gonzalez David Coven TD • Mani Gandham lertad Jason S. Mow 🤔 👨🏻‍💻|🍵🚴🏼🏀🚀 E. Harding (hail Bolsonaro!)
      9 replies 8 retweets 56 likes
        1. Tim Isenman | ー千万千夢‏ @TimIsenman Jun 18
          Replying to @AustenAllred

          A top I never seen discussed in China vs the West is Chinese company convergence with the West. i.e. The China Airbnb will likely never serve the west. WeChat barely serves people outside of Asia. So it seems there will be two very distinct tech ecosystems and economies.

          0 replies 2 retweets 4 likes
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        1. Tilek Mamutov‏ @tilek Jun 19
          Replying to @AustenAllred

          I agree with a lot of your points, but I think US tech scene is more often addressing a more global market and does it better than Chinese companies for now. I think that may or may not change, but it hasn't yet in my humble opinion.

          0 replies 1 retweet 2 likes
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        1. Joe Han‏ @_joe_han_ Jun 18
          Replying to @AustenAllred

          Are there any Chinese tech companies gaining significant market shares in the US market (whether copied or not)?

          0 replies 0 retweets 1 like
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        1. New conversation
        2. Elijah Hoole‏ @elihoole Jun 22
          Replying to @AustenAllred

          @danielalphonsus thoughts?

          1 reply 0 retweets 0 likes
        3. Daniel Alphonsus‏ @danielalphonsus Jun 22
          Replying to @elihoole @AustenAllred

          Don't know enough to comment. Sorry. Test will be India and rest of world. Chinese platforms work well in the China - not sure how well they will migrate. Including privacy - I have a separate phone for WeChat.

          0 replies 0 retweets 0 likes
        4. End of conversation
        1. Javier‏ @Furryducky Jun 19
          Replying to @AustenAllred

          Oh yes the oldest debate in the book quality vs quantity. Pick one cause you can’t have both I don’t care if you have 1 million engineers.

          0 replies 0 retweets 0 likes
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        1. Nick Walker‏ @nw3 Jun 18
          Replying to @AustenAllred

          The future is American kids getting their first job out of school in China.

          0 replies 0 retweets 0 likes
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        1. Cryptarchist‏ @cryptarchist Jun 18
          Replying to @AustenAllred

          If that were true, would chinese companies really need protectionism?

          0 replies 0 retweets 0 likes
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        1. JP‏ @jrager88 Jun 18
          Replying to @AustenAllred

          I take it you will not expand to the Chinese market.

          0 replies 0 retweets 0 likes
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        1. Basti Moritz‏ @bastimori Jun 18
          Replying to @AustenAllred

          With this you also pretty much explained why there's none from Europe ;)

          0 replies 0 retweets 0 likes
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