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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 6 May 2017
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      Today in "Conversations with old economy entrepreneurs who have forgotten more than I'll ever know": why a hip new restauraunt has a stall.

      1 reply 20 retweets 68 likes
    2. Patrick McKenzie‏ @patio11 6 May 2017
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      Replying to @patio11

      So there's this really good BBQ place that opened recently in Tokyo. They recently opened a stall which sells e.g. brisket sandwich for $8.

      2 replies 0 retweets 11 likes
    3. Patrick McKenzie‏ @patio11 6 May 2017
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      Replying to @patio11

      When passing it I remarked to my wife that that was genius because they have to pay rent either way and must have good margins on takeout.

      1 reply 0 retweets 7 likes
    4. Patrick McKenzie‏ @patio11 6 May 2017
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      Replying to @patio11

      A Japanese guy in his late thirties, who I retrospectively peg as the manager, says (loose translation) "Bro, are you in the industry?"

      1 reply 0 retweets 11 likes
    5. Patrick McKenzie‏ @patio11 6 May 2017
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      Replying to @patio11

      "No; I used to run a company but not in food services." "OK so check it: a sandwich inside is 1400 yen but I can't ask for that out here."

      1 reply 0 retweets 10 likes
    6. Patrick McKenzie‏ @patio11 6 May 2017
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      Replying to @patio11

      "I make 50 of these in the morning on a COGS of about 30k yen; the margin on 800 yen barely covers salary of the person selling them."

      1 reply 0 retweets 12 likes
    7. Patrick McKenzie‏ @patio11 6 May 2017
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      Replying to @patio11

      "Oh, gotcha. So why do it?" "So I've got 70 tables and like every other restauraunt in Tokyo I need to turn them twice every Friday night."

      1 reply 1 retweet 10 likes
    8. Patrick McKenzie‏ @patio11 6 May 2017
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      Replying to @patio11

      "You're always packed when we go in there." "Yeah bro any place with good food in Tokyo is packed for six months and then the fight starts."

      1 reply 0 retweets 10 likes
      Patrick McKenzie‏ @patio11 6 May 2017
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      "Two by 70 is 140; figure on 20 Americans like yourself, 10 [foreign] guests, and 10 business dinners. That leaves me with a hundred turns."

      11:47 PM - 6 May 2017
      • 10 Likes
      • Eli Courtwright paul shinn Jim Gray Jeffrey Richman 😷 Ray Tsaihong Diego Henrique Ivan Marinkovic James Burns Matt
      1 reply 0 retweets 10 likes
        1. New conversation
        2. Patrick McKenzie‏ @patio11 6 May 2017
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          Replying to @patio11

          "Nobody's eating BBQ more than once a month so I need to convince 400 Japanese folks in the neighborhood that they want BBQ this Friday."

          1 reply 0 retweets 14 likes
        3. Patrick McKenzie‏ @patio11 6 May 2017
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          Replying to @patio11

          "They're not gonna just say 'Hmm BBQ never had that before, let me take a chance' on a first date or a business meeting."

          1 reply 0 retweets 14 likes
        4. 2 more replies

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