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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 16 Feb 2019
      • Report Tweet
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      Patrick McKenzie Retweeted Sam Altman

      In addition to the SFBA getting less attractive, I think that some products (ironically many coming out of there) have helped geographically distribute access to the advantages people used to move to get.https://twitter.com/sama/status/1096822724217827328 …

      Patrick McKenzie added,

      Sam AltmanVerified account @sama
      I think 2017 was around when it stopped being an obviously good idea for startups to be in the bay area, but it’s been somewhat obscured by a massive surge in availability of cheap seed funding.
      Show this thread
      1 reply 5 retweets 41 likes
      Show this thread
      Patrick McKenzie‏ @patio11 16 Feb 2019
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      Video conferencing which works 90% of the time every time isn’t quite good enough to replace office presence, but it is getting Good Enough, *and* folks not attending the meetings daily trust their productivity enough to write checks to fund them.

      5:19 PM - 16 Feb 2019
      • 11 Likes
      • tempfolder 🇮🇱 Jeremy Diamond Matt "MSG superfan" Olson Its burn down asolove #blacklivesmatter Jonathan Gottfried Ryan Schellack Benjamin “shelter in place” Chait
      2 replies 0 retweets 11 likes
        1. New conversation
        2. Patrick McKenzie‏ @patio11 16 Feb 2019
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          The last generation or two of the SFBA investor class live on the same Internet that their investors live on, and in comparison to previous generations, they’re quite willing to send a check farther than they could bicycle it. (Startup generation not human generation.)

          2 replies 0 retweets 8 likes
          Show this thread
        3. Patrick McKenzie‏ @patio11 16 Feb 2019
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          AngelList, HN, ProductHunt, Twitter, shares Slack groups, WhatsApp, and just the general hyperdensity of the social graph have largely eroded the barrier that was the flip side of “proprietary dealflow.” It’s no longer difficult for arbitrarily located team to meet capital.

          1 reply 0 retweets 9 likes
          Show this thread
        4. Patrick McKenzie‏ @patio11 16 Feb 2019
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          There has always been an “information flows at the speed of beer” factor which encourages deal makers to be in close proximity to other deal makers, but some patterns of the deals which make the ecosystem go round are now streamlined and possible to conduct over the Internet.

          2 replies 0 retweets 16 likes
          Show this thread
        5. Patrick McKenzie‏ @patio11 16 Feb 2019
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          I know this does not sound like a real thing but I promise you this was a real thing: you used to have to talk to an actual person, frequently in the flesh, to get servers.

          2 replies 3 retweets 32 likes
          Show this thread
        6. Patrick McKenzie‏ @patio11 16 Feb 2019
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          Ditto payment processing, rack space, startup-compatible professional services, placement agreements for ads, etc.

          1 reply 1 retweet 15 likes
          Show this thread
        7. Patrick McKenzie‏ @patio11 16 Feb 2019
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          Some of the expertise requirements for operating things are now encoded in the services you will naturally use for them. Some are widely distributed in on the Internet. Some are in the same brains they have always been in, but those brains left the SFBA.

          0 replies 2 retweets 17 likes
          Show this thread
        8. End of conversation
        1. Richard‏ @king_of_thougts 17 Feb 2019
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          Replying to @patio11

          Video conferencing software has so many easy wins that no one is even attempting. It’s still in the 90s.

          0 replies 0 retweets 0 likes
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