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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 14 Aug 2019
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    Patrick McKenzie Retweeted Jason  ✨BeKind ✨ Lemkin

    I think this and remote work are the best bull case for WeWork. In 2025, every Fortune 500 company will have 10k+ remote workers, and every purchasing department will approve a reimbursement for WeWork with no questions asked.https://twitter.com/jasonlk/status/1161659165619523584 …

    Patrick McKenzie added,

    Jason  ✨BeKind ✨ Lemkin @jasonlk
    WeWork is the Starbucks of corporate offices Looks cool but only at first Super convenient Default choice Consistent quality Dominant brand if have discretionary $$ You are going to go anyway I wouldn't bet against either
    5:28 PM - 14 Aug 2019
    • 26 Retweets
    • 205 Likes
    • Opine Brief Youssef ankitkr0🦸‍♂️ Neville A Mehra - Digital Nomad & Strategist raphaël Mario Sommer jonathan Tommy Chheng Mark Fishman
    11 replies 26 retweets 205 likes
      1. New conversation
      2. Patrick McKenzie‏ @patio11 14 Aug 2019
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        The reason business hotels work is they convince employees booking travel and purchasing departments funding it that “You probably have a lot of questions but it’s a Holiday Inn; anything else?”

        1 reply 0 retweets 33 likes
        Show this thread
      3. Patrick McKenzie‏ @patio11 14 Aug 2019
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        Serviced offices have existed, and commercial real estate obviously exists, but “worldwide brand in knowledge worker office” seems pretty novel to me.

        3 replies 0 retweets 32 likes
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      4. Patrick McKenzie‏ @patio11 14 Aug 2019
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        (I also think if you’re a startup with less than, oh, 25 employees and you’re thinking leasing an office rather than doing WeWork you probably are misallocating managerial bandwidth to end up with a worse product.)

        8 replies 4 retweets 66 likes
        Show this thread
      5. End of conversation
      1. New conversation
      2. Pedro Laguna da Rosa‏ @pdrlaguna 18 Aug 2019
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        Replying to @patio11

        I love that when I read your tweets there's always something you're bringing that nobody else (that I follow) is discussing at moment. The importance of reimbursement is huge and it's such an interesting topic that I've never thought about before. Thank you so much (huge fan!).

        1 reply 0 retweets 0 likes
      3. Patrick McKenzie‏ @patio11 18 Aug 2019
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        Replying to @pdrlaguna

        Any time!

        0 replies 0 retweets 1 like
      4. End of conversation
      1. Ryan‏ @youfoundryan 14 Aug 2019
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        Replying to @patio11

        The bear case is that the founder's shenanigans would make Enron blush

        0 replies 1 retweet 15 likes
        Thanks. Twitter will use this to make your timeline better. Undo
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      1. New conversation
      2. Andreas Klinger  ✌️‏Verified account @andreasklinger 18 Aug 2019
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        Replying to @patio11

        I heard this stat about fortune 500 companies a few times now but i can't find a source on this I am most likely looking with the wrong search terms Could you send me a link where this originates from?

        1 reply 0 retweets 6 likes
      3. Melissa Tal‏ @melsreallife 18 Aug 2019
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        Replying to @andreasklinger @patio11

        I believe it's from this one..https://www.upwork.com/press/2018/02/28/future-workforce-report-2018/ …

        1 reply 0 retweets 4 likes
      4. 1 more reply
      1. New conversation
      2. Matt Ranger‏ @vhranger 14 Aug 2019
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        Replying to @patio11

        Do they own the space they rent? If so the biggest bull case is simply that urban housing prices aren't going down, because NIMBYs are a difficult political problem to solve

        3 replies 0 retweets 2 likes
      3. Luke Wright‏ @luke_h_wright 14 Aug 2019
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        Replying to @vhranger @patio11

        This is less true outside of a few locales (mostly on the west coast). The rest of the market is much more exposed to things like a recession.

        2 replies 0 retweets 2 likes
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