Skip to content
By using Twitter’s services you agree to our Cookies Use. We and our partners operate globally and use cookies, including for analytics, personalisation, and ads.

This is the legacy version of twitter.com. We will be shutting it down on June 1, 2020. Please switch to a supported browser, or disable the extension which masks your browser. You can see a list of supported browsers in our Help Center.

  • Home Home Home, current page.
  • About

Saved searches

  • Remove
  • In this conversation
    Verified accountProtected Tweets @
Suggested users
  • Verified accountProtected Tweets @
  • Verified accountProtected Tweets @
  • Language: English
    • Bahasa Indonesia
    • Bahasa Melayu
    • Català
    • Čeština
    • Dansk
    • Deutsch
    • English UK
    • Español
    • Filipino
    • Français
    • Hrvatski
    • Italiano
    • Magyar
    • Nederlands
    • Norsk
    • Polski
    • Português
    • Română
    • Slovenčina
    • Suomi
    • Svenska
    • Tiếng Việt
    • Türkçe
    • Ελληνικά
    • Български език
    • Русский
    • Српски
    • Українська мова
    • עִבְרִית
    • العربية
    • فارسی
    • मराठी
    • हिन्दी
    • বাংলা
    • ગુજરાતી
    • தமிழ்
    • ಕನ್ನಡ
    • ภาษาไทย
    • 한국어
    • 日本語
    • 简体中文
    • 繁體中文
  • Have an account? Log in
    Have an account?
    · Forgot password?

    New to Twitter?
    Sign up
patio11's profile
Patrick McKenzie
Patrick McKenzie
Patrick McKenzie
@patio11

Tweets

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

Tweets

  • © 2020 Twitter
  • About
  • Help Center
  • Terms
  • Privacy policy
  • Imprint
  • Cookies
  • Ads info
Dismiss
Previous
Next

Go to a person's profile

Saved searches

  • Remove
  • In this conversation
    Verified accountProtected Tweets @
Suggested users
  • Verified accountProtected Tweets @
  • Verified accountProtected Tweets @

Promote this Tweet

Block

  • Tweet with a location

    You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more

    Your lists

    Create a new list


    Under 100 characters, optional

    Privacy

    Copy link to Tweet

    Embed this Tweet

    Embed this Video

    Add this Tweet to your website by copying the code below. Learn more

    Add this video to your website by copying the code below. Learn more

    Hmm, there was a problem reaching the server.

    By embedding Twitter content in your website or app, you are agreeing to the Twitter Developer Agreement and Developer Policy.

    Preview

    Why you're seeing this ad

    Log in to Twitter

    · Forgot password?
    Don't have an account? Sign up »

    Sign up for Twitter

    Not on Twitter? Sign up, tune into the things you care about, and get updates as they happen.

    Sign up
    Have an account? Log in »

    Two-way (sending and receiving) short codes:

    Country Code For customers of
    United States 40404 (any)
    Canada 21212 (any)
    United Kingdom 86444 Vodafone, Orange, 3, O2
    Brazil 40404 Nextel, TIM
    Haiti 40404 Digicel, Voila
    Ireland 51210 Vodafone, O2
    India 53000 Bharti Airtel, Videocon, Reliance
    Indonesia 89887 AXIS, 3, Telkomsel, Indosat, XL Axiata
    Italy 4880804 Wind
    3424486444 Vodafone
    » See SMS short codes for other countries

    Confirmation

     

    Welcome home!

    This timeline is where you’ll spend most of your time, getting instant updates about what matters to you.

    Tweets not working for you?

    Hover over the profile pic and click the Following button to unfollow any account.

    Say a lot with a little

    When you see a Tweet you love, tap the heart — it lets the person who wrote it know you shared the love.

    Spread the word

    The fastest way to share someone else’s Tweet with your followers is with a Retweet. Tap the icon to send it instantly.

    Join the conversation

    Add your thoughts about any Tweet with a Reply. Find a topic you’re passionate about, and jump right in.

    Learn the latest

    Get instant insight into what people are talking about now.

    Get more of what you love

    Follow more accounts to get instant updates about topics you care about.

    Find what's happening

    See the latest conversations about any topic instantly.

    Never miss a Moment

    Catch up instantly on the best stories happening as they unfold.

    Patrick McKenzie‏ @patio11 18 Jan 2019
    • Report Tweet
    • Report NetzDG Violation

    TinySeed, an accelerator for bootstrapped companies, opened their application process and released terms today. https://tinyseed.com  The deal is pretty compelling, and the reasoning behind it is unusually public about why investor math looks like it does. See the FAQ.

    11:38 AM - 18 Jan 2019
    • 18 Retweets
    • 110 Likes
    • Adam Krynicki Mike McCormick R.P. NAKAMOTO Justin Poirier Nathan Braun Vegard Stikbakke Jake Tsacudakis Satoshi Nakadashi Mayo Welch
    6 replies 18 retweets 110 likes
      1. Patrick McKenzie‏ @patio11 18 Jan 2019
        • Report Tweet
        • Report NetzDG Violation

        (I’m a mentor there and tiny (seed?) investor. This is by Rob Walling and Einar Vollset from the MicroConf crowd, which has been my business home away from home for something like ten years now.)

        2 replies 0 retweets 18 likes
        Show this thread
        Thanks. Twitter will use this to make your timeline better. Undo
        Undo
      1. New conversation
      2. Nate Berkopec‏ @nateberkopec 18 Jan 2019
        • Report Tweet
        • Report NetzDG Violation
        Replying to @patio11

        Aren’t those terms just “slightly more expensive than YC and you also owe us dividends if you pay them?”

        2 replies 0 retweets 0 likes
      3. Patrick McKenzie‏ @patio11 18 Jan 2019
        • Report Tweet
        • Report NetzDG Violation
        Replying to @nateberkopec

        Yes, but most people who take their offer won’t have had YC’s available due to business market size and founder’s desired trajectory reasons. They’ll happily fund you if you’re in Iowa and aspire to build a 7 figure business. YC (mostly) won’t.

        0 replies 0 retweets 8 likes
      4. End of conversation
      1. New conversation
      2. Marcos Eich‏ @marcos_eich 18 Jan 2019
        • Report Tweet
        • Report NetzDG Violation
        Replying to @patio11

        This seems great. Are they investing in international companies or USA only?

        1 reply 0 retweets 0 likes
      3. Patrick McKenzie‏ @patio11 18 Jan 2019
        • Report Tweet
        • Report NetzDG Violation
        Replying to @marcos_eich

        In the FAQ for more detail, but they invest in US entities (which may or may not be companies physically located in the US).

        1 reply 0 retweets 1 like
      4. 1 more reply
      1. Imran Ghory‏ @imranghory 18 Jan 2019
        • Report Tweet
        • Report NetzDG Violation
        Replying to @patio11

        While not unicorns, I suspect the tinyseed model will still see returns dominated by rare outliers, similar to what you see with the traditional angel investor model

        0 replies 0 retweets 1 like
        Thanks. Twitter will use this to make your timeline better. Undo
        Undo
      1. New conversation
      2. Gordon Shephard‏ @ghshephard 18 Jan 2019
        • Report Tweet
        • Report NetzDG Violation
        Replying to @patio11

        I wonder how they deal with people gaming expense accounts to get around paying out dividends. I once lived 9 solid months (Singapore, UAE) 100% epensed to the company. And that was doing things completely above board - no gaming whatsoever.

        1 reply 0 retweets 1 like
      3. Wes Winham Winler‏ @weswinham 18 Jan 2019
        • Report Tweet
        • Report NetzDG Violation
        Replying to @ghshephard @patio11

        Hiring family members is the other big loophole I saw around the founder salary cap. At some point, having a magnifying glass + megaphone certainly reduces incentives. And that risk exists in traditional VC, too.

        0 replies 0 retweets 0 likes
      4. End of conversation
      1. Nathan Braun‏ @nathanbraun 18 Jan 2019
        • Report Tweet
        • Report NetzDG Violation
        Replying to @patio11

        Are you/were you ever a member of founder cafe?

        0 replies 0 retweets 0 likes
        Thanks. Twitter will use this to make your timeline better. Undo
        Undo

    Loading seems to be taking a while.

    Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.

      Promoted Tweet

      false

      • © 2020 Twitter
      • About
      • Help Center
      • Terms
      • Privacy policy
      • Imprint
      • Cookies
      • Ads info