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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 22 Apr 2019
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    The Internet is facilitating a lot of unbundling where the rationale for X being expensive is that it comes with embedded Y which is valuable but difficult to charge for directly. Bundlers typically are not thrilled about the unbundling, and often argue about undersupply of Y.

    4:49 AM - 22 Apr 2019
    • 2 Retweets
    • 45 Likes
    • Lukas Bergstrom CU_L8R_Nutz Lemon Tree 🇳🇿🇬🇧🇪🇺 Buddy Casino p. santos Aisling Baud'Dib Eric Richards Restore Aryavarta
    5 replies 2 retweets 45 likes
      1. New conversation
      2. Patrick McKenzie‏ @patio11 22 Apr 2019
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        I often think these are arguments of convenience, because the Internet is also generally making it easy to purchase Y directly... and the global market for Y supports a couple of cottage providers but nothing material relative to the bundle.

        1 reply 0 retweets 18 likes
        Show this thread
      3. Patrick McKenzie‏ @patio11 22 Apr 2019
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        Examples abound, but some of the bundling stories: Credentialing and liberal arts education Books and the environment that is a bookstore or library Taxis and the universal service mandate Regurgitated wire service wrapped in ads and original local reporting

        3 replies 0 retweets 42 likes
        Show this thread
      4. End of conversation
      1. New conversation
      2. Meng Weng Wong‏ @mengwong 22 Apr 2019
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        Replying to @patio11

        I think it might be fun to unbundle legal services, and see just how a lawyer’s $800/hr breaks down.

        1 reply 0 retweets 1 like
      3. Raman Ksaitor‏ @ksaitor 22 Apr 2019
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        Replying to @mengwong @patio11

        Layer 1: $50 legal template that covers 80% of the work Layer 2: +$750/hour to customize the template for 20% edge cases

        1 reply 0 retweets 0 likes
      4. 2 more replies
      1. New conversation
      2. Hasu‏ @hasufl 22 Apr 2019
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        Replying to @patio11

        Any example of a good that is valuable but hard to charge for?

        2 replies 0 retweets 0 likes
      3. This Tweet is unavailable.
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      1. Thomas "If in doubt, don't go out" Clarke‏ @deworde 22 Apr 2019
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        Replying to @patio11

        I think I understand this, but do you have a good example?

        0 replies 0 retweets 0 likes
        Thanks. Twitter will use this to make your timeline better. Undo
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      1. New conversation
      2. KimSia Sim  🇸🇬 💻 📗‏ @KimStacks 22 Apr 2019
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        Replying to @patio11

        There’s only two ways I know of to make money: bundling and unbundling” — Jim Barksdale I’m sure the internet facilitated a lot of bundling that wasn’t possible due to reasons of distribution costs and geographical challenges.

        1 reply 0 retweets 0 likes
      3. KimSia Sim  🇸🇬 💻 📗‏ @KimStacks 22 Apr 2019
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        Replying to @KimStacks @patio11

        By facilitate a lot of bundling not possible, the best examples I can think of merely create existing bundles but at an exceedingly lower cost. Eg it’s cheaper than before to start and build a company/software product/digital media product at the same complexity.

        0 replies 0 retweets 0 likes
      4. End of conversation

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