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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 14 Oct 2018
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      A thing which I unironically and enthusiastically believe which is unpopular among smart people of my acquaintance: financial engineering has in the recent past and present contributed substantially to human welfare. We should hope to see more of it.

      13 replies 33 retweets 186 likes
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    2. Patrick McKenzie‏ @patio11 14 Oct 2018
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      Maybe more geeks need to meet someone who says “My job is teleporting value across time and space.”

      4 replies 6 retweets 51 likes
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    3. Patrick McKenzie‏ @patio11 14 Oct 2018
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      Financial engineering is sort of a squishy term. I don’t primarily mean payments infrastructure or financial rails, although both of those involve substantial engineering. I mean more “We took a thing and performed some alchemy, and now have a new thing.”

      3 replies 4 retweets 26 likes
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      Patrick McKenzie‏ @patio11 14 Oct 2018
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      Except instead of alchemy it is generally quite a bit of math, a huge amount of contract law and due diligence, often an impressive amount of ops work, and a dusting of technology that web devs would recognize as such.

      3:18 PM - 14 Oct 2018
      • 4 Retweets
      • 41 Likes
      • Mohammad bin Ra’s Al Ghul Jaurieres Arnaud Schenk @micahstubbs John de Largentaye John Lee Trevor Hunsaker Thomas Womack Jay Looney
      6 replies 4 retweets 41 likes
        1. Kyle Ries‏ @Kyle_Ries 14 Oct 2018
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          Replying to @patio11

          E.g. the introduction of power purchase agreements (thanks @JigarShahDC) that revolutionized and accelerated solar installations. Business model engineering at it’s finest.

          0 replies 1 retweet 9 likes
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        1. Edward Vielmetti‏ @vielmetti 14 Oct 2018
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          Replying to @patio11

          and a dash of storytelling

          0 replies 0 retweets 1 like
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        1. Greg Gentschev‏ @gentschev 14 Oct 2018
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          Replying to @patio11

          Say more about this. Standard financial engineering like debt and equity, or innovations in the field? I think the latter draws more skepticism.

          0 replies 0 retweets 0 likes
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        1. Nerd curious abt psychology  🧠‏ @ClayNichols 14 Oct 2018
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          Replying to @patio11

          Can you give a few concrete examples?

          0 replies 0 retweets 0 likes
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        1. hello again‏ @bobpoekert 14 Oct 2018
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          Replying to @patio11

          rational distrust of hype technology but irrational trust of excel

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        1. will minshew‏ @wminshew 15 Oct 2018
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          Replying to @patio11

          Financial engineering is unpopular for the same reason software engineering is unpopular. It’s too abstract to appreciate without expertise, and most people don’t have sufficient expertise. “Google and Facebook don’t make anything!” “Goldman and jpm don’t make anything!”

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