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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. Daniel Vassallo‏ @dvassallo Feb 8
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      If you’re a programmer, you can: - Make SaaS products - Write eBooks - Make apps - Create video courses - Do freelancing - Give live training - Do paid support - Publish a paid newsletter If you accumulate $325/day from doing many of these at the same time, you’ll make $10K/mo.

      115 replies 1,096 retweets 5,721 likes
    2. Patrick McKenzie‏ @patio11 Feb 8
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      Replying to @dvassallo

      YMMV but after doing the portfolio thing for a long time and see many people do it, my ambient impression is more of us should quickly focus on one thing, possibly using one other thing as a stair step to it.

      1 reply 4 retweets 210 likes
      Patrick McKenzie‏ @patio11 Feb 8
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      Replying to @patio11 @dvassallo

      Concretely, after one owns a viable SaaS product, almost no economic activity pays better than marketing or sales for the SaaS product, particularly when you think of the implicit value of the equity associated with it.

      7:26 PM - 8 Feb 2020
      • 5 Retweets
      • 168 Likes
      • Mario Sangiorgio QuantumIntentions Oskar Enmalm Manish Paul Simon Joachim Schipper Sebastian David Lees Luciano Cheng Anirudh shawn swyx wang
      4 replies 5 retweets 168 likes
        1. New conversation
        2. Patrick McKenzie‏ @patio11 Feb 8
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          Replying to @patio11 @dvassallo

          Peanut gallery: selling an annual SaaS contract for $10k puts $8k+ in your prior-to-taxes pocket but also increases the value of the company by at least $30k. Selling $10k of e-books does only one of these things.

          1 reply 2 retweets 72 likes
        3. Davin Chia‏ @davin_chia Feb 8
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          Replying to @patio11 @dvassallo

          Guessing you’d recommend focusing on a SaaS business?

          1 reply 0 retweets 5 likes
        4. 6 more replies
        1. New conversation
        2. Ryan Buckley‏ @rbucks Feb 8
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          Replying to @patio11 @dvassallo

          Ryan Buckley Retweeted Ryan Buckley

          Relevent reply tweet: https://twitter.com/rbucks/status/1226230241867100161 … Is “viable” the point where the cumulative revenue exceeds the cost of your time invested?

          Ryan Buckley added,

          Ryan Buckley @rbucks
          Thinking about this chart on my run today: Cumulative revenue vs cumulative dev time cost in building and running a SaaS. Cumulative time cost plateaus, while cumulative revenue increases in perpetuity. Truly a miracle! pic.twitter.com/c6Eo8JZAmg
          1 reply 0 retweets 2 likes
        3. Patrick McKenzie‏ @patio11 Feb 8
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          Replying to @rbucks @dvassallo

          Viable to me as a bootstrapper is the combination of “I can invest time here without endangering my family” and “I understand levers well enough such that more brainsweat = more money.”

          0 replies 0 retweets 6 likes
        4. End of conversation
        1. TK Kader‏ @Tawheed Feb 8
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          Replying to @patio11 @secos @dvassallo

          💯 Part of my journey going from engineer to entrepreneur was to embrace Sales and Marketing. Engineer to Entrepreneur (3 Things to Know About Making the Transition)https://youtu.be/YEG4bmXJRn4 

          0 replies 0 retweets 4 likes
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        1. czue‏ @czue Feb 8
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          Replying to @patio11 @dvassallo

          To me this is a reason *not* to do the whole saas thing over a portfolio. Who wants to spend all their time doing marketing and sales? A big part of the appeal of the portfolio approach is optimizing for diversity, learning, and fun.

          0 replies 0 retweets 1 like
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