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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 16 Mar 2016
      • Report Tweet
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      If offered a job which does not come with a guaranteed paycheck of a white collar employee's salary, ask "Am I a cofounder?"

      4 replies 39 retweets 84 likes
    2. Patrick McKenzie‏ @patio11 16 Mar 2016
      • Report Tweet
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      Replying to @patio11

      If you are a co-founder, you should assume that the equity split will be approximately even between co-founders. If not cofounder, NO NO NO.

      1 reply 15 retweets 30 likes
    3. Patrick McKenzie‏ @patio11 16 Mar 2016
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      Replying to @patio11

      "We will make it up to you later." They won't, and are either clueless or lying to you. Pass. There are better opportunities out there.

      3 replies 22 retweets 41 likes
    4. Patrick McKenzie‏ @patio11 16 Mar 2016
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      Replying to @patio11

      "We prefer to keep things informal." No professional prefers to keep equity informal. Pass. There are better opportunities out there.

      1 reply 19 retweets 45 likes
    5. Patrick McKenzie‏ @patio11 16 Mar 2016
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      Replying to @patio11

      "We'll bring you on as a contractor first at $10/hr then retroactively co-founder you." BS. Pass. There are better opportunities out there.

      3 replies 14 retweets 29 likes
    6. Patrick McKenzie‏ @patio11 16 Mar 2016
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      Replying to @patio11

      "We will pay you later." Get a promissory note. "Why you being so difficult?" Because "trust me I'm good for it" is probably not a contract.

      1 reply 11 retweets 28 likes
    7. Patrick McKenzie‏ @patio11 16 Mar 2016
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      Replying to @patio11

      "This will be great for your career growth." Getting a job is good for your career growth. You should talk to someone who will offer one.

      1 reply 11 retweets 29 likes
    8. Patrick McKenzie‏ @patio11 16 Mar 2016
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      Replying to @patio11

      "It will cause problems with investors to describe you as a co-founder, but you totes are one." I have no freaking words. Pass. Pass. PASS.

      2 replies 12 retweets 22 likes
    9. Patrick McKenzie‏ @patio11 16 Mar 2016
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      Replying to @patio11

      "We can't afford to pay you." Silicon Valley has a solution to this. It is "Give me 1/Nth of the company where N is number of founders."

      2 replies 11 retweets 28 likes
      Patrick McKenzie‏ @patio11 16 Mar 2016
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      "We're more experienced and connected so we deserve more equity." So experienced and connected that you raised money to pay market salaries?

      1:04 PM - 16 Mar 2016
      • 8 Retweets
      • 29 Likes
      • Jurie Horneman Tim Beiko | timbeiko.eth Aaron Quint Joël Franusic Kasperi Apell unfortuNate (dad)jokes 🧙‍♂️ Chris Kottom Nikete Vaibhav Mallya
      2 replies 8 retweets 29 likes
        1. New conversation
        2. Patrick McKenzie‏ @patio11 16 Mar 2016
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          Replying to @patio11

          (continued) "Because if you couldn't raise money or achieve revenue on your experience and connections, then I guess mine are just as good."

          1 reply 7 retweets 34 likes
        3. Josh Duff‏ @TehShrike 16 Mar 2016
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          Replying to @patio11

          @patio11 see this is one of the tweetstorms you need archived on your site. How else am I supposed to link friends to it in the future?

          1 reply 0 retweets 1 like
        4. 3 more replies
        1. New conversation
        2. Vaibhav Mallya‏ @mallyvai 16 Mar 2016
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          Replying to @patio11

          @patio11 On equity transparency: "Im really valuing transparency as a strong cultural signal. I hope you value it as much as I do"

          1 reply 0 retweets 4 likes
        3. Vaibhav Mallya‏ @mallyvai 16 Mar 2016
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          Replying to @mallyvai

          @patio11 "Our board makes us keep it confidential." "So you only what your board tells you to do?" Or "Counsel insists I know. I'm sorry."

          1 reply 0 retweets 0 likes
        4. 1 more reply

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