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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 18 Sep 2017
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      Describing, let me make up an example, how one conducted insider trading when working at a broker dealer? That's not a great idea?

      1 reply 0 retweets 11 likes
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    2. Patrick McKenzie‏ @patio11 18 Sep 2017
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      There's at least 2 levels on which you're reading the application: what does this say and what does it say about a person who'd write this.

      1 reply 0 retweets 13 likes
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    3. Patrick McKenzie‏ @patio11 18 Sep 2017
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      Imposter syndrome, which I have a deep appreciation for, is a thing that runs wide and deep among entrepreneurs.

      1 reply 1 retweet 14 likes
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    4. Patrick McKenzie‏ @patio11 18 Sep 2017
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      You wouldn't think half of pitches would be improved by "Brag More; You've Earned It" but that appears to be true.

      1 reply 2 retweets 16 likes
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    5. Patrick McKenzie‏ @patio11 18 Sep 2017
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      I don't think entrepreneurs understand the crushing volume of pitches that pitchable people get. It's like Harvard and applications.

      1 reply 1 retweet 8 likes
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    6. Patrick McKenzie‏ @patio11 18 Sep 2017
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      It is objectively unfair and unreasonable to evaluate someone's life in five minutes or their company in two. But that is what world does.

      1 reply 2 retweets 12 likes
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    7. Patrick McKenzie‏ @patio11 18 Sep 2017
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      Given that you only have two minutes of someone's attention, you'd rigorously cut that to be only things which provide positive signal.

      1 reply 1 retweet 11 likes
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    8. Patrick McKenzie‏ @patio11 18 Sep 2017
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      A specific genre of thing that needs to be cut: product demos / prototypes. I guarantee you, yours is not an investable login form.

      2 replies 0 retweets 13 likes
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    9. Patrick McKenzie‏ @patio11 18 Sep 2017
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      I'm not joking on that two minute thing, at all, so forcing ~10 seconds of it to get spent on copy/pasting something into the login form bad

      1 reply 0 retweets 6 likes
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    10. Patrick McKenzie‏ @patio11 18 Sep 2017
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      I was surprised by the depth of e.g. pitches by academics about commercializing their research. This was sometimes difficult to review.

      1 reply 0 retweets 6 likes
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      Patrick McKenzie‏ @patio11 18 Sep 2017
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      I once met a researcher whose focus was the formation of microbubbles under electrophoresis. Most software people can't guess field for that

      8:49 AM - 18 Sep 2017
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      • Diego Henrique Noah Lackstein Jim Gray
      1 reply 0 retweets 3 likes
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        2. Patrick McKenzie‏ @patio11 18 Sep 2017
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          If you're pitching Better Electrophoresis you probably want to start the pitch with "Steel smelting: you care about it more than you know."

          1 reply 0 retweets 9 likes
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        3. Patrick McKenzie‏ @patio11 18 Sep 2017
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          There is a time and place to critique the prevailing ethos and institutions of Silicon Valley. I would question whether one's pitch is it.

          2 replies 1 retweet 5 likes
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        4. Patrick McKenzie‏ @patio11 18 Sep 2017
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          An old chestnut but a true chestnut: if you tell me you have no competitors, that either suggests a poor market or poor due diligence.

          1 reply 6 retweets 34 likes
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        5. Patrick McKenzie‏ @patio11 18 Sep 2017
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          "Going viral" is not an adoption plan. Neither is "SEO / content strategy / AdWords." I would almost prefer "No idea at present at all."

          1 reply 2 retweets 15 likes
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        6. Patrick McKenzie‏ @patio11 18 Sep 2017
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          If you have a 2-sided asymmetric marketplace, you should probably say which side you're attacking first and what the plan is to fake other.

          1 reply 1 retweet 16 likes
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        7. Patrick McKenzie‏ @patio11 18 Sep 2017
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          I was remarkably intrigued by companies which had a pitch that was "Remember $NOTORIOUS_FAILURE? It's time to try it again; here's why."

          2 replies 1 retweet 9 likes
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        8. Patrick McKenzie‏ @patio11 18 Sep 2017
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          The "Here's why" part of that pitch is really, really important.

          1 reply 0 retweets 10 likes
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        9. Patrick McKenzie‏ @patio11 18 Sep 2017
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          If you have more awards than you have customers, that is almost never a positive signal.

          1 reply 2 retweets 27 likes
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        10. Patrick McKenzie‏ @patio11 18 Sep 2017
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          The company won a pitch competition? I, too, enjoy fantasy roleplaying. Do we also share a mutual interest in running businesses IRL?

          1 reply 11 retweets 42 likes
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        11. Patrick McKenzie‏ @patio11 18 Sep 2017
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          A lot of pitches include far more detail on how the company is positioned vs $COMPANY_NO_ONE_USES versus how it plans to get anyone to care.

          1 reply 0 retweets 11 likes
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        12. Patrick McKenzie‏ @patio11 18 Sep 2017
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          If you're in machine learning/blockchains there are quick handshakes available to convey "No, really, I have actually worked in this field."

          1 reply 1 retweet 14 likes
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        13. Patrick McKenzie‏ @patio11 18 Sep 2017
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          That is a pretty important thing to do; the "hotter" a space is perceived to be, the lower quality the median pitch in it was.

          0 replies 2 retweets 14 likes
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        14. End of conversation

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