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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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    Patrick McKenzie‏ @patio11 18 Feb 2019
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    Patrick McKenzie Retweeted Jeff Atwood

    Polite disagree on this: there are a lot of ways to structure a trade with the rest of the world for your time and talent. A very important component of this trade will be the price. Price and structure are far, far less dependent than many smart people believe them to be.https://twitter.com/codinghorror/status/1097743352315797505 …

    Patrick McKenzie added,

    Jeff AtwoodVerified account @codinghorror
    If you want to start a company because it sounds like a nifty way to make money, you are wasting your time. Start a company because you have this idea that is just eating you alive inside and you have to get it out into the world for the pure satisfaction of making it happen.
    11:18 PM - 18 Feb 2019
    • 15 Retweets
    • 133 Likes
    • potato boi Rodrigo Guzman Mark T. Tamer Salama James Bernard Irvan Putra Shaun Young Keith Carangelo Ran Reichman
    8 replies 15 retweets 133 likes
      1. New conversation
      2. Patrick McKenzie‏ @patio11 18 Feb 2019
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        If this sounds like a very financier-flavored metaphor it is because having the lens to look at the world like Wall Street is a useful tool instrumentally regardless of your cultural background, goals, job, or aesthetics. (Believe much the same about thinking like a dev, FWIW)

        2 replies 3 retweets 39 likes
        Show this thread
      3. Patrick McKenzie‏ @patio11 18 Feb 2019
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        Also, non-specific observation: you don't have to always join the winning team but it's generally a good idea to be able to articulate what you want in ways which are incentive-compatible for them to, as a result of your suasion, also want what you want.

        2 replies 0 retweets 23 likes
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      4. Patrick McKenzie‏ @patio11 18 Feb 2019
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        Oh back to the original topic: it is underappreciated: * How much line employees get paid at extremely successful companies (e.g. AppAmaGooFaceSoft) * How much companies can spend on consulting, including by solo shops * How appealing relatively small software shops can be

        4 replies 6 retweets 40 likes
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      5. Patrick McKenzie‏ @patio11 18 Feb 2019
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        People tend to come up with a particular background in a particular system which exposes them to none of or very few of these facts, and often the availability heuristic causes them to believe that the other paths functionally don't exist.

        1 reply 0 retweets 25 likes
        Show this thread
      6. Patrick McKenzie‏ @patio11 18 Feb 2019
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        I think this is mostly downstream of differential access to information and understandable quirks of our cultural understandings about careers and money rather than active dissimulation to prevent market conditions from moving against folks' positions, by the way.

        1 reply 0 retweets 15 likes
        Show this thread
      7. End of conversation
      1. Hillel‏ @hillelogram 18 Feb 2019
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        Replying to @patio11

        I started a company because it seemed the best way to leverage an extremely specific set of skills I have and so make decent money on my own schedule

        0 replies 0 retweets 18 likes
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      1. New conversation
      2. Colin Percival‏ @cperciva 19 Feb 2019
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        Replying to @patio11

        I think there's a good reason for there being a correlation between structure and price. If you have an expected wealth production of $40k/year, you can't take much risk; being an employee shifts risk to others. If you produce $400k/year, you can likely accept more risk.

        1 reply 0 retweets 1 like
      3. Colin Percival‏ @cperciva 19 Feb 2019
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        Replying to @cperciva @patio11

        It's not that being self-employed results in much higher earnings, but rather that lower earnings result in an avoidance of self employment.

        0 replies 0 retweets 4 likes
      4. End of conversation
      1. New conversation
      2. Visakan Veerasamy‏ @visakanv 18 Feb 2019
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        Replying to @patio11

        hehe both your POV and Jeff's fit very nicely on a continuum in my head, and I suspect it may have to do with both of you probably thinking about / focusing on different people. Jeff is likely thinking of annoying IdeaBros of the "sign my non-disclosure form" variety

        1 reply 0 retweets 1 like
      3. Visakan Veerasamy‏ @visakanv 18 Feb 2019
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        Replying to @visakanv @patio11

        I would co-sign Jeff's POV in most contexts *except* when encountering the extreme bleed-over-everybody aching artist type who has zero discipline and just gets people into messes that *they* have to clean up. *That* guy should probably get a job,, amongst other things

        2 replies 0 retweets 1 like
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