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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 Jan 31
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      “It’s the same amount of work to run a business in a good market as it is to run a business in a bad market, so prioritize good markets” seems like it is obvious advice but many people need to hear it years earlier than they do.

      14 replies 46 retweets 391 likes
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    2. Patrick McKenzie‏ @patio11 Jan 31
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      (Thought inspired by an HN thread which I will not link to because I do not mean this as even an implied criticism. I learned this one the hard way, over multiple years, twice.)

      1 reply 2 retweets 27 likes
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      Patrick McKenzie‏ @patio11 Jan 31
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      “What’s a good market?” Depends on your constraints/goals/desired trajectory/personal inclinations and skills/etc but broadly “A thing which sophisticated businesses happily pay money for because it makes them money in an extremely obvious way or decreases costs in the same.”

      7:41 AM - 31 Jan 2020
      • 14 Retweets
      • 110 Likes
      • Jim Kleiber Ed Laver Nestor G Pestelos Jr Connor Forrest Borche Michalis Polakis Chris Ward Oliver Emberton Traian Docolina
      4 replies 14 retweets 110 likes
        1. Patrick McKenzie‏ @patio11 Jan 31
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          Bonus points for *many* businesses and *a lot of* money.

          2 replies 0 retweets 34 likes
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        1. David Kanter‏ @TheKanter Jan 31
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          Replying to @patio11

          What about consumer markets?

          0 replies 0 retweets 1 like
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        1. vishrutarya‏ @vishrutarya Jan 31
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          Replying to @patio11

          Are you intentionally constraining to B2B? Also, don't we need a notion of competition? For example, seems some businesses are happy to pay for meal catering for employees but not obvious meal catering is a good market (at least the consumer restaurant biz is low margin).

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        1. Jorge Rodriguez‏ @cubesos Jan 31
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          Replying to @patio11

          Can you give some examples please?

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