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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 Feb 5
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      Patrick McKenzie Retweeted Jake

      FWIW: This experience isn't all that rare, it is just rarely mentioned publicly.https://twitter.com/JustJake/status/1225234475904188416 …

      Patrick McKenzie added,

      Jake @JustJake
      I'm helping a friend negotiate offers. So far in the past week we've got him a higher level and almost double his initial offer We're up to a 4-way bidding war, at almost 300k for 3 YOE in NYC Everything is lined up to finish next Friday and I'm so pumped for him
      Show this thread
      8 replies 13 retweets 174 likes
      Show this thread
    2. Patrick McKenzie‏ @patio11 Feb 5
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      "That only happens to ..." I respect the folks working at AppAmaGooBookSoft a lot. I have met a lot of them, including a lot at my impression of this level, and my capsule summary is "Mostly, talented professionals who are not very dissimilar from other talented professionals."

      2 replies 2 retweets 39 likes
      Show this thread
    3. Patrick McKenzie‏ @patio11 Feb 5
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      "Why do you harp on engineering salaries so often?" Weird hobbies, plus an abiding interest in the wellbeing of geeks. Every time someone negotiates this package I'm happy for them, and would be even happier if they got the next $50k versus e.g. Google keeping it.

      1 reply 1 retweet 53 likes
      Show this thread
    4. Patrick McKenzie‏ @patio11 Feb 5
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      There is an ongoing ecosystemic negotiation happening not between particular engineers and particular firms but between founders, talent, private capital, and public capital, and separately between the set of those and the wider world, on how to cut the cake engineers bake.

      1 reply 1 retweet 41 likes
      Show this thread
    5. Patrick McKenzie‏ @patio11 Feb 5
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      I'm as capitalist as the day is long, but when I think e.g. the employee options pool by convention gets sized at 20%, I think "I mean, Schelling points are Schelling points, but I attach no moral significance to that number. If it were 40%, then it would be 40%; also fair."

      3 replies 2 retweets 38 likes
      Show this thread
      Patrick McKenzie‏ @patio11 Feb 5
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      Similarly "Google, a sophisticated organization which has an informational advantage in every conversation with every geek ever, was OK with paying candidates similar to this ~$150k in 2005. That may have been fair, but it certainly doesn't upper bound the numbers that are fair."

      8:21 PM - 5 Feb 2020
      • 1 Retweet
      • 40 Likes
      • Uh idk man If you meet 60+-year-olds, quarantine like one ira Thijs Niks Paul 😷 Cavallaro crankycatcoder Matt Parsons 🏳️‍🌈 Sumanth ⚡ POSIWID
      2 replies 1 retweet 40 likes
        1. New conversation
        2. James Timmins‏ @JamesTimmins Feb 5
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          Replying to @patio11

          Curious why you don't see these higher prices within startups or mid-size companies generally. At $150k, every company is fighting over the same pool of engineers who have many options. Logically, I'd assume that there are many 2x engineers who would drop everything for $300k.

          1 reply 0 retweets 0 likes
        3. Naveen Michaud-Agrawal‏ @naveenma Feb 6
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          Replying to @JamesTimmins @patio11

          Startups aren't printing money like traditional FAANG

          0 replies 0 retweets 0 likes
        4. End of conversation

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