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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 25 Mar 2019
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      One emerging theme of MicroConf this year that I'm also seeing in Silicon Valley is that there is an awful lot of money in tech circles. Increasingly, it's "just" the consequence of building things and selling them to customers then getting better at business for X years.

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    2. Patrick McKenzie‏ @patio11 25 Mar 2019
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      This is causing a lot of folks looking for their next adventure to be very differently equipped wading into the river the second time, and I think that is changing the shape of the river, too. A community defined by non-availability of capital now has high quality access to it.

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      Patrick McKenzie‏ @patio11 25 Mar 2019
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      (The bootstrapper community has long chafed under "Hmm Silicon Valley professional money won't invest in a business which hopes to one day be 7 figures a year in Iowa" and now there are a bunch of folks who a) did that and b) now have 7 figures a year to redeploy.)

      9:55 AM - 25 Mar 2019
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      • Joachim Schipper BluePuffyBacon Elissa Paulo Silveira Tristan Harward Jake Pusateri brian Peter Hatch paul hayes
      3 replies 4 retweets 48 likes
        1. Patrick McKenzie‏ @patio11 25 Mar 2019
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          A sentiment I've heard N times: I'm now a limited partner. Eff me I didn't set out to be a limited partner. I'm not the Harvard endowment. I don't even know anyone who went to Harvard! But I got good at this software thing and what am I going to do now, buy apartment complexes?

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        1. Thomas Depierre‏ @Di4naO 25 Mar 2019
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          Replying to @patio11

          Yeah for good indy business angels

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        1. 「 𝙅𝙤𝙨𝙝 𝙈𝙖𝙣𝙙𝙚𝙧𝙨 」‏ @joshmanders 25 Mar 2019
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          Replying to @patio11

          > Hmm Silicon Valley professional money won't invest in a business which hopes to one day be 7 figures a year in Iowa As an Iowan, this saddens me.

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