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patio11's profile
Patrick McKenzie
Patrick McKenzie
Patrick McKenzie
@patio11

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Patrick McKenzie

@patio11

I work for the Internet, at @stripe, mostly on accelerating startups. Opinions here are my own.

東京都 Tokyo
kalzumeus.com
Joined February 2009

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    1. Patrick McKenzie‏ @patio11 1 Jul 2018
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      I will never, never stop facepalming about people with “capitalist” very literally in their job title complaining about what labor costs these days. I’d be at least mildly sympathetic if they e.g. ran a charming local cafe. But when your literal job is allocating efficiently...

      12 replies 88 retweets 444 likes
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    2. Patrick McKenzie‏ @patio11 1 Jul 2018
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      ... and you complain that AppAmaGooBookSoft are corrupting young engineers minds by promising them enough money to live in your neighborhood, your remedies are: 1) hire people AppAmaGooBookSoft won’t 2) execute better at business or 3) clear the field for better operators

      4 replies 23 retweets 203 likes
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      Patrick McKenzie‏ @patio11 1 Jul 2018
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      I also have to point out that capital is more abundant than it has ever been and is chasing returns. Your LPs did not give you that pot of money to #*{^#ing buy Bitcoin. Making software/etc businesses in a radically more efficient fashion than BigCo is the trade!

      3:30 AM - 1 Jul 2018
      • 17 Retweets
      • 156 Likes
      • krish Jacob W. Mathieu Silverstein Bilal Farooqui Jimmy "goes brrrr" Hsu 🔥 Scott Weldon lil amuzi vert brianball Thomas "If in doubt, don't go out" Clarke
      6 replies 17 retweets 156 likes
        1. New conversation
        2. Kamil Choudhury‏ @kchoudhu 1 Jul 2018
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          Replying to @patio11

          The obsession with SF talent is weird. I spent a couple of weeks hanging out in southern Spain. Top notch talent waiting to be hoovered up for 30K EUR a year.

          2 replies 0 retweets 1 like
        3. Kamil Choudhury‏ @kchoudhu 1 Jul 2018
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          Replying to @kchoudhu @patio11

          The future is here, but fortunately it doesn't cost the same everywhere.

          0 replies 0 retweets 2 likes
        4. End of conversation
        1. Michael Buckbee‏ @mbuckbee 1 Jul 2018
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          Replying to @patio11

          I look at Instagram - dozen-ish employees when they were acquired

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        1. Jason Bucata - Tech‏ @tech31842 1 Jul 2018
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          Replying to @patio11

          There was an NPR episode (This American Life, maybe?) called "Giant Pool of Money" about this very thing, several years ago now

          0 replies 0 retweets 0 likes
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        1. Kevin Riggle‏ @kevinriggle 1 Jul 2018
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          Replying to @patio11

          The missing piece is demand. Which, yes, the company has a lot of control over by what products it offers, but the whole economy is in a demand crisis these days

          0 replies 0 retweets 0 likes
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