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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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    Patrick McKenzie‏ @patio11 May 12
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    Patrick McKenzie Retweeted Einar Vollset

    I'm surprised this is *that high*, but a data point about the amount of dark matter in the software universe for you.https://twitter.com/einarvollset/status/1260226579315044353 …

    Patrick McKenzie added,

    Einar Vollset @einarvollset
    Replying to @patio11
    I actually have numbers on this: I found > 3000 software firm acquisitions over 3 years, and then looked at how many got a “mainstream tech” outlet mention (eg TrchCrunch, ReCode, HN, etc): ~7%
    9:25 AM - 12 May 2020
    • 8 Retweets
    • 105 Likes
    • André-Paul Johnson Aditya M Bardia Lars Erik Schönander Jason 'Test Test Test' Huggins ☣️ Chris Wang Zuhayeer Musa Karan Talati Kamil Mieczakowski
    5 replies 8 retweets 105 likes
      1. New conversation
      2. Vaibhav Mallya‏ @mallyvai May 12
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        Replying to @patio11

        This seems like an awesome blog / podcast opportunity. Know if there's any content out there focused on this world? CC @einarvollset - would also be super curious as to how you got your data

        2 replies 0 retweets 3 likes
      3. Matthew Hardeman‏ @mdhardeman May 12
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        Replying to @mallyvai @patio11 @einarvollset

        Echoing that question. I suspect there are lots of private deals on various software firms, but where do you find data on the ones that didn't want publicity?

        1 reply 0 retweets 1 like
      4. 1 more reply
      1. Justin McGuire‏ @landedstar May 12
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        Replying to @patio11

        Not surprising at all. Look at the government's census data for number of people employed as programmers, then look at the number of programmers employed by FAANGs. The vast majority of software jobs exist in unknown companies. Companies in the great middle.

        0 replies 0 retweets 5 likes
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      1. Michael Girdley‏ @mgirdley May 12
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        Replying to @patio11

        Most DBs show about 200,000 software companies globally. So about 0.5% selling per year? Seems plausible -- maybe a bit high though.

        0 replies 0 retweets 1 like
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      1. Rikard hjort.eth‏ @rikardhjort May 12
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        Replying to @patio11

        And that's just the ones he _found_. What % of acquisitions wouldn't show up in a reasonable trawl?

        0 replies 0 retweets 1 like
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      1. Mr. Eli W. Jones‏ @mreliwjones May 12
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        Replying to @patio11

        Human beings are our most valuable natural resource. :)

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