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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 5 Nov 2017
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      Patrick McKenzie Retweeted James Riney 🐠Coral Capital

      The stories I have heard here would have curled your toes even in the Bad Old Days.https://twitter.com/james_riney/status/927326162874970120 …

      Patrick McKenzie added,

      James Riney 🐠Coral CapitalVerified account @james_riney
      From a Silicon Valley perspective it may be odd, but in Japan, engineers on founding teams are often not properly incentivized with equity.
      1 reply 2 retweets 17 likes
      Show this thread
    2. Patrick McKenzie‏ @patio11 5 Nov 2017
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      General flavor: “You’re lucky for the opportunity to do unpaid work for my company and in a success case we’ll actually pay you.”

      4 replies 1 retweet 11 likes
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      Patrick McKenzie‏ @patio11 5 Nov 2017
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      Note: this is for founder/lead engineer and when they say “pay” they don’t mean either a market salary for SV or even for Tokyo ($50k+).

      4:13 PM - 5 Nov 2017
      • 7 Likes
      • Vaibhav Mallya Eli Courtwright Alan Bradburne James Burns Chad Huber david doll vaibhav sagar
      6 replies 0 retweets 7 likes
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        2. Bonnie Kavoussi‏Verified account @bkavoussi 5 Nov 2017
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          Replying to @patio11

          Is this partly because the labor market in Japan is divided into permanent and temporary work? Not sure how it works.

          1 reply 0 retweets 0 likes
        3. Patrick McKenzie‏ @patio11 5 Nov 2017
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          Replying to @bkavoussi

          Big Gordion knot there about a) career track for salarymen engineers and b) perceived or actual unavailability of or unsuitability for that.

          0 replies 0 retweets 0 likes
        4. End of conversation
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        2. Ken Redler‏ @redler 5 Nov 2017
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          Replying to @patio11

          You’re saying even founders are getting neither equity nor market pay?

          1 reply 0 retweets 0 likes
        3. Patrick McKenzie‏ @patio11 5 Nov 2017
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          Replying to @redler

          This is indeed what I’m saying. Technical founder frequently seen as (very) interchangeable junior partner of The Business Guy. He owns it.

          1 reply 0 retweets 3 likes
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        2. Taufiq Muhammadi‏ @waruboy 5 Nov 2017
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          Replying to @patio11

          how come anybody go with that?

          2 replies 0 retweets 0 likes
        3. Patrick McKenzie‏ @patio11 5 Nov 2017
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          Replying to @waruboy

          Because Japan has a time-honored tradition of abusing workers, including engineers, and this seems like a reasonable option here.

          1 reply 0 retweets 1 like
        4. 1 more reply
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        2. 南‏ @thenanyu 5 Nov 2017
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          Replying to @patio11

          Is there an opportunity for outsourcing to Japan? I know plenty of places that would be happy to pay >> $50k / year for a remote engineer.

          1 reply 0 retweets 0 likes
        3. Ben Ferns‏ @ben_ferns 5 Nov 2017
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          Replying to @thenanyu @patio11

          I think theres definitely some underutilized talent at competitive rates, but also a lot of outdated skillsets and methodologies.

          1 reply 0 retweets 2 likes
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        1. hack 🕴️2020‏ @hacklaw 5 Nov 2017
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          Replying to @patio11

          In Japan no one is special, unless they already are. Circular logic with little opportunity for upward mobility.

          0 replies 0 retweets 0 likes
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        1. 2018's Most Trusted Webzone‏ @GFunk911 5 Nov 2017
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          Replying to @patio11

          Sure worse is Japan but I’ve had startups do stuff like that here. We need to pay below market bc startup, but can’t give equity. Okkkkkkay

          0 replies 0 retweets 1 like
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