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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. Preston  ✨‏ @prestonattebery 17 Oct 2019
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      Replying to @patio11

      Ah! Why do you think Japan co's decide to build these types of side-business where in America, Coca-Cola, IBM, could but don't?

      1 reply 0 retweets 0 likes
    2. Patrick McKenzie‏ @patio11 17 Oct 2019
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      Replying to @prestonattebery

      A bit of empire building, a bit of corporate culture, a bit of structural issues internal to firms (insurance legendarily exists as a way for outgoing local management to monetize their social capital by selling insurance to their previous reports/offices), a bit regulatory, etc.

      1 reply 0 retweets 0 likes
    3. Patrick McKenzie‏ @patio11 17 Oct 2019
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      Replying to @patio11 @prestonattebery

      One example for you is banking. If Google were a Japanese company, Google would *absolutely* own a bank by now. I predict with relatively high degree of confidence that every time Google has that discussion somebody says "Become a bank holding company OH HELL NO."

      2 replies 0 retweets 0 likes
    4. Preston  ✨‏ @prestonattebery 17 Oct 2019
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      Replying to @patio11

      Do you think American co's are more obsessed with dominating the market of their core products where as Japanese co's are more obsessed with broadening their product line into other verticals?

      1 reply 0 retweets 0 likes
    5. Patrick McKenzie‏ @patio11 17 Oct 2019
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      Replying to @prestonattebery

      I think it's more useful to think less in terms of strategic obsession, which is something that I would credit neither large US nor large Japanese firms with as a class, and ask you to instead consider what you do with a class of 45 year old VPs which is surplus to requirements.

      1 reply 0 retweets 0 likes
    6. Patrick McKenzie‏ @patio11 17 Oct 2019
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      Replying to @patio11 @prestonattebery

      In the US, the ones who don't move lateral/move up at peer firms. In Japan, since that is far less an option, the company could stand-up a firm in the ecosystem and then ensure its culture/etc is amenable to the mothership by staffing it with 15 people they have no spots for.

      1 reply 0 retweets 1 like
    7. Preston  ✨‏ @prestonattebery 17 Oct 2019
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      Replying to @patio11

      Okay, follow-up: Suntory makes some of the most popular and sought-after whiskey in the world, yet they also make cheap soda served from vending machines. Why aren’t they worried about tarnishing their high-end whiskey brand with cheap soda?

      1 reply 0 retweets 0 likes
    8. Patrick McKenzie‏ @patio11 17 Oct 2019
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      Replying to @prestonattebery

      I would predict that Suntory would, at higher levels of the corporation, aspire to own beverages rather than own whiskey specifically, and if you asked the whiskey folks, they would tell you that their brand positioning in whiskey is unassailable because theirs is simply best.

      1 reply 0 retweets 1 like
    9. Patrick McKenzie‏ @patio11 17 Oct 2019
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      Replying to @patio11 @prestonattebery

      But that might be an Ask Them question rather than an Ask Me question. (Though, having had an interaction or two with them specifically, I think they have a relationship with product quality which GM and Coca Cola do not. Would say same about Toyota.)

      2 replies 0 retweets 1 like
    10. Patrick McKenzie‏ @patio11 17 Oct 2019
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      Replying to @patio11 @prestonattebery

      (My mental model for people who work at Coca Cola is they enjoy the beverage and feel a great degree of affection with *what Coke means in the world* but not nearly as much for "Just objectively, this is the best Coke-shaped thing in the entire world.")

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      Patrick McKenzie‏ @patio11 17 Oct 2019
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      Replying to @patio11 @prestonattebery

      Like, if Coke felt about Coke like Suntory does about whiskey, you would not know the words "Mexican coke" both because of branding issues but also because someone high-up in company would have said "DAMN THE NUMBERS IT IS NOT COCA COLA WITHOUT HONEST TO GOD SUGAR IN IT."

      7:54 PM - 17 Oct 2019
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