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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 May 12
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      Patrick McKenzie Retweeted Austen Allred

      This is a real thing in the world, and almost everyone underestimates how much of a thing it is.https://twitter.com/Austen/status/1260212525171277826 …

      Patrick McKenzie added,

      Austen Allred @Austen
      One of the most interesting things about Lambda School is running into all the little software companies you’ve never heard of quietly pulling in $10m/yr in profit with a team of 25 in some city in Oklahoma you’ve never heard of
      Show this thread
      11 replies 46 retweets 456 likes
      Show this thread
    2. Patrick McKenzie‏ @patio11 May 12
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      People do not widely assume in the software industry that they would be able to name every legal firm with $10M in revenue, but they assume that every software company with $10M in revenue is on the top of HN or TechCrunch at least weekly, and that just isn’t true.

      3 replies 6 retweets 144 likes
      Show this thread
    3. Patrick McKenzie‏ @patio11 May 12
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      The three things I think everyone in software should understand about this type of company: 1) Founding one is a lot easier than you probably model it as, and works out very well for founder. 2) Being an engineer at one is a package of subtle tradeoffs. 3) PE wants them *bad.*

      11 replies 4 retweets 150 likes
      Show this thread
    4. Tim Beiko | timbeiko.eth‏ @TimBeiko May 12
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      Replying to @patio11

      What do you reckon is the average time a "could get a job as a SW engineer" person takes to go from start, to "provides the same revenue as a SW job", to "millions in profit"?

      1 reply 0 retweets 2 likes
    5. Patrick McKenzie‏ @patio11 May 12
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      Replying to @TimBeiko

      Assuming one is an intermediate software engineer (would not recommend this to junior engineers even though they may be trivially hireable as a junior engineer), I’d say probably 18 months to white collar salary, 5ish years to $N million in revenue, both accelerating over time.

      1 reply 0 retweets 4 likes
    6. Tim Beiko | timbeiko.eth‏ @TimBeiko May 12
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      Replying to @patio11

      > even though they may be trivially hireable as a junior engineer What do you mean by this? "senior junior engineers"?

      1 reply 0 retweets 0 likes
      Patrick McKenzie‏ @patio11 May 12
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      Replying to @TimBeiko

      So you can be hireable as an engineer without being able to ship software in an unsupervised fashion, right? That’s basically operating definition of “junior engineer.” I would not recommend junior engineers found B2B SaaS companies, and so excluded them from the timelines.

      7:49 AM - 12 May 2020
      • 5 Likes
      • Lester Bangs 🌐 Jeffrey Lo Tim Beiko | timbeiko.eth
      1 reply 0 retweets 5 likes
        1. Tim Beiko | timbeiko.eth‏ @TimBeiko May 12
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          Replying to @patio11

          Got it, thanks for the clarification 👍

          0 replies 0 retweets 1 like
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