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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 19 Aug 2016
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    Patrick McKenzie Retweeted

    Mad, mad respect for the founder who a) put this term in the deal and b) presumably threatened to walk over it. https://twitter.com/erikb/status/766612827498872832 …

    Patrick McKenzie added,

    This Tweet is unavailable.
    6:47 PM - 19 Aug 2016
    • 31 Retweets
    • 69 Likes
    • Girl from Ivy Luiz Marques Nerd curious abt psychology 🧠 Izaak Lauer Loren 🤓 Hamilton Chapman jessald Almighty alex alksne
    8 replies 31 retweets 69 likes
      1. Chad Etzel‏ @jazzychad 19 Aug 2016
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        Replying to @patio11

        easy term to agree to if you never plan to be profitable /s

        0 replies 0 retweets 5 likes
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      2. Harry Heymann‏ @harryh 19 Aug 2016
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        Replying to @patio11

        In perpetuity? That is....very strange. I honestly don't really believe it.

        1 reply 1 retweet 1 like
      3. Phil Graham‏ @Roadstead 19 Aug 2016
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        Replying to @harryh @patio11

        sign me up for that annuity

        0 replies 0 retweets 0 likes
      4. End of conversation
      1. Gordon Shephard‏ @ghshephard 19 Aug 2016
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        Replying to @patio11

        @erikb Any contract that offers a share of the "Net" effectively guarantees no "Net" in that segment. See movie industry.

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      1. Keith Williams‏ @bonsai 19 Aug 2016
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        Replying to @patio11

        I doubt this is either accurate or would hold-up, but props if true.

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      1. Karen E. Robinson‏ @kerobinso 19 Aug 2016
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        Replying to @patio11

        @erikb mad respect to any lawyers who wrote a contract that ensures that.

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      1. Jeremy Bornstein セイコムサ‏ @jeremybornstein 19 Aug 2016
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        Replying to @patio11

        Good effort but my default presumption is that future Uber lawyers and accountants will magic said notional "profit" to near zero $

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      1. Ben Kuhn‏ @benskuhn 20 Aug 2016
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        Replying to @patio11

        That contract probably has a loophole big enough to drive an autonomous truck through. Would be pretty insane for Uber otherwise.

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      2. (((code merchant)))‏ @vongillern 19 Aug 2016
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        Replying to @patio11

        .@patio11 if it stipulates for profits and not revenue, someone is going to get an object lesson on Hollywood Accounting

        1 reply 1 retweet 0 likes
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