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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. Dave McClure‏Verified account @davemcclure 11 Mar 2015
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      Replying to @davemcclure

      17/ in summary: i love u ALL, ur worth untold BILLIONS of dollars, and i REALLY REALLY want to get in your hot sexy deal. see u in Austin!

      14 replies 16 retweets 64 likes
    2. Sam Altman‏Verified account @sama 11 Mar 2015
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      Replying to @davemcclure

      .@davemcclure just worry about trying to make 10,000x sometimes, and let founders who work really hard for years w/small exit keep the money

      20 replies 86 retweets 302 likes
    3. JS Cournoyer‏ @jscournoyer 12 Mar 2015
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      Replying to @sama

      love @davemcclure but agree with @sama. Small exits noise for investors but big for founders who have to work for 3+yrs post acq to earn it

      1 reply 3 retweets 11 likes
    4. Dave McClure‏Verified account @davemcclure 12 Mar 2015
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      Replying to @jscournoyer

      @jscournoyer so that makes it ok to fuck over your early investors? (actually I don't care much bcz large portfolio, but angels should)

      6 replies 0 retweets 4 likes
    5. JS Cournoyer‏ @jscournoyer 13 Mar 2015
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      Replying to @davemcclure

      @davemcclure That's why investors, institutional or angels should make 10+ investments. Hard to build a successful portfolio out of singles

      1 reply 1 retweet 0 likes
    6. Dave McClure‏Verified account @davemcclure 13 Mar 2015
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      Replying to @jscournoyer

      @jscournoyer agreed, but doesn't make it ok for founders to abandon their angels.

      1 reply 0 retweets 3 likes
    7. JS Cournoyer‏ @jscournoyer 13 Mar 2015
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      Replying to @davemcclure

      @davemcclure angels have day jobs and write lots of checks while entrepreneurs are all in. They should get the bulk when not enough to share

      2 replies 1 retweet 2 likes
    8. Dave McClure‏Verified account @davemcclure 13 Mar 2015
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      Replying to @jscournoyer

      .@jscournoyer seriously disagree. investors shouldn't be dissed jus because they aren't founders. respect 4 both sides of table.

      3 replies 3 retweets 12 likes
    9. Patrick McKenzie‏ @patio11 13 Mar 2015
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      Replying to @davemcclure

      @davemcclure @jscournoyer As a small angel I'm actually most concerned about the employees, particularly employees who vested + left.

      1 reply 0 retweets 3 likes
    10. Patrick McKenzie‏ @patio11 13 Mar 2015
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      Replying to @patio11

      @davemcclure @jscournoyer My puny little $5k check buys me the same equity as employee #1 got in many cases. They sweat, cried, bled for it.

      2 replies 0 retweets 2 likes
      Patrick McKenzie‏ @patio11 13 Mar 2015
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      @davemcclure @jscournoyer I have heard of some games where *current* employees got nice hiring packages, (vested!) ex-emps got *screwed*.

      10:41 AM - 13 Mar 2015
      1 reply 0 retweets 0 likes
        1. New conversation
        2. Eric Ries‏Verified account @ericries 13 Mar 2015
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          Replying to @patio11

          @patio11 @davemcclure @jscournoyer pretty common, I think

          1 reply 0 retweets 2 likes
        3. DirtCheapStartup‏ @cheapstartup 14 Mar 2015
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          Replying to @ericries

          No bullshit.. One of the most enlightening tweet storms in a while.. Seriously, thanks! @Jason @ericries @patio11 @davemcclure @jscournoyer

          0 replies 0 retweets 0 likes
        4. End of conversation

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