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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
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    1. Patrick McKenzie‏ @patio11 1. pro 2017.
      • Prijavi Tweet

      The explosive growth of the tech sector keeps average age down and depresses average wages. Compared to industries which existed in materially the same form in 1970, we have a stupidly compressed experience spectrum: 5+ years rounds to "senior." This is not a joke.

      14 replies 152 proslijeđena tweeta 873 korisnika označavaju da im se sviđa
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    2. Patrick McKenzie‏ @patio11 1. pro 2017.
      • Prijavi Tweet

      The tech industry is fundamentally unserious about how it recruits, hires, and retains candidates. About which I have a lot more to say than could fit in a tweet, but, a good thing to know.

      10 replies 151 proslijeđeni tweet 929 korisnika označava da im se sviđa
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    3. Patrick McKenzie‏ @patio11 1. pro 2017.
      • Prijavi Tweet

      If you are attempting to hire for an engineering position, greater than 50% of people who apply for the job and whose resume you select as "facially plausible" will be entirely unable to program, at all. The search term for learning more about this is FizzBuzz.

      13 replies 135 proslijeđenih tweetova 855 korisnika označava da im se sviđa
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    4. Patrick McKenzie‏ @patio11 1. pro 2017.
      • Prijavi Tweet

      Software companies in B2B which aspire to growing quickly will eventually spend more on sales and marketing than they do on engineering. You can read S-1s of successful IPOs and calculate the ratio; it is sometimes 2X++.

      132 proslijeđena tweeta 676 korisnika označava da im se sviđa
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    5. Patrick McKenzie‏ @patio11 1. pro 2017.
      • Prijavi Tweet

      The chief products of the tech industry are (in B2C) developing new habits among consumers and (in B2B) taking a business process which exists in many places and markedly decreasing the total cost of people required to implement it.

      246 proslijeđenih tweetova 1.152 korisnika označavaju da im se sviđa
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    6. Patrick McKenzie‏ @patio11 1. pro 2017.
      • Prijavi Tweet

      There is no hidden reserve of smart people who know what they're doing, anywhere. Not in government, not in science, not in tech, not at AppAmaGooBookSoft, nowhere. The world exists in the same glorious imperfection that it presents with.

      11 replies 449 proslijeđenih tweetova 1.656 korisnika označava da im se sviđa
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    7. Patrick McKenzie‏ @patio11 1. pro 2017.
      • Prijavi Tweet

      Significant advances shipped by the tech industry in the last 20 years include putting the majority of human knowledge in the hands of 40%++ of the world's population, available on-demand, for "coffee money" not "university money."

      201 proslijeđeni tweet 1.049 korisnika označava da im se sviđa
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    8. Patrick McKenzie‏ @patio11 1. pro 2017.
      • Prijavi Tweet

      Weak-form efficients market hypothesis is a good heuristic for evaluating the public markets but a really, really bad heuristic for evaluating either technical or economic facts about tech companies, startups, your career, etc etc. Optimizations are possible; fruit hangs low.

      5 replies 50 proslijeđenih tweetova 460 korisnika označava da im se sviđa
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    9. Patrick McKenzie‏ @patio11 1. pro 2017.
      • Prijavi Tweet

      Startups are (by necessity) filled with generalists; big companies are filled with specialists. People underestimate how effective a generalist can be at things which are done by specialists. People underestimate how deep specialties can run. These are simultaneously true.

      15 replies 1.071 proslijeđeni tweet 3.427 korisnika označava da im se sviđa
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    10. Patrick McKenzie‏ @patio11 1. pro 2017.
      • Prijavi Tweet

      Most open source software is written by programmers who are full-time employed by companies which directly consume the software, at the explicit or implicit blessing of their employers. It is not charity work, any more than they charitably file taxes.

      6 replies 147 proslijeđenih tweetova 819 korisnika označava da im se sviđa
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      Patrick McKenzie‏ @patio11 1. pro 2017.
      • Prijavi Tweet

      The amount of money flowing through capitalism would astound you. The number and variety of firms participating in the economy would astound you. We don't see most of it every day for the same reason abstractions protect us from having to care about metallurgy while programming.

      08:15 - 1. pro 2017.
      • 126 proslijeđenih tweetova
      • 920 oznaka „sviđa mi se”
      • Pradyumna Prasad ashish(@tp53) Alyssa Vance Daniel Hollas Siddhesh Ranade M Kimberly Dietz Joshua Saxe Connor Leahy
      6 replies 126 proslijeđenih tweetova 920 korisnika označava da im se sviđa
        1. Novi razgovor
        2. Patrick McKenzie‏ @patio11 1. pro 2017.
          • Prijavi Tweet

          CS programs have, in the main, not decided that the primary path to becoming a programmer should involve doing material actual programming. There are some exceptions: Waterloo, for example. This is the point where I joke "That's an exhaustive list" but not sure that a joke.

          91 proslijeđeni tweet 545 korisnika označava da im se sviđa
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        3. Patrick McKenzie‏ @patio11 1. pro 2017.
          • Prijavi Tweet

          Technical literacy in the broader population can be approximated with the Thanksgiving test: what sort of questions do you get at Thanksgiving? That's the ambient level of literacy. Serious people in positions of power eat Thanksgiving dinners, too. Guess what they ask at them.

          78 proslijeđenih tweetova 526 korisnika označava da im se sviđa
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        4. Patrick McKenzie‏ @patio11 1. pro 2017.
          • Prijavi Tweet

          Salaries in the tech industry are up *a lot* in the last few years, caused by: a tight labor market, collapse of a cartel organized against the interests of workers, increasing returns to scale at AppAmaGooBookSoft, and the like. Investor money *does not* pay most salaries.

          45 proslijeđenih tweetova 439 korisnika označava da im se sviđa
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        5. Patrick McKenzie‏ @patio11 1. pro 2017.
          • Prijavi Tweet

          This concludes, for the moment, an off-the-cuff list of things which would otherwise be too obvious to bring up in conversation. Meta thought: you radically underestimate both a) how much you know that other people do not and b) the instrumental benefits to you of publishing it.

          210 proslijeđenih tweetova 1.593 korisnika označavaju da im se sviđa
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        6. Kraj razgovora
        1. Novi razgovor
        2. Ryder Cleary‏ @RyderCleary 2. pro 2017.
          • Prijavi Tweet
          Odgovor korisniku/ci @patio11

          Can someone explain this metallurgy reference?

          1 reply 0 proslijeđenih tweetova 0 korisnika označava da im se sviđa
        3. Patrick McKenzie‏ @patio11 2. pro 2017.
          • Prijavi Tweet
          Odgovor korisniku/ci @RyderCleary

          Deep in the bowels of your computer, on top of the silicon chips that "do" everything, there are tiny little metal wires. These wires have characteristics like electrical conductivity and heat dissipation, and those characteristics *matter*, but programmers never think of them.

          1 reply 0 proslijeđenih tweetova 4 korisnika označavaju da im se sviđa
        4. Još 1 odgovor
        1. Novi razgovor
        2. Robert Field‏ @ProgrammerRcf 1. pro 2017.
          • Prijavi Tweet
          Odgovor korisniku/ci @patio11

          Hard to do now but get a yellow pages from a large metro area, look at the almost limitless variety of businesses, the old Sears 1200 page general catalog was similar for the range of human activity

          1 reply 0 proslijeđenih tweetova 1 korisnik označava da mu se sviđa
        3. Andrew Donnellan‏ @ajdlinux 1. pro 2017.
          • Prijavi Tweet
          Odgovor korisnicima @ProgrammerRcf @patio11

          Or go for a walk through your local industrial area and notice just how many businesses you walk past, and all the unknown companies with their nameplates in office blocks. Each one of which has to have turnover of at the very least several $100k/yr to be profitable.

          0 replies 0 proslijeđenih tweetova 2 korisnika označavaju da im se sviđa
        4. Kraj razgovora
        1. uSoma-Technology‏ @ImNotRio 1. pro 2017.
          • Prijavi Tweet
          Odgovor korisniku/ci @patio11

          How does one begin to learn and understand the dynamics of an economy? Wealth Of Nations doesn't help 1 bit

          0 replies 0 proslijeđenih tweetova 0 korisnika označava da im se sviđa
          Hvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. Poništi
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        1. rektide de la fay‏ @rektide 23. kol 2019.
          • Prijavi Tweet
          Odgovor korisnicima @patio11 @amontalenti

          Metallurgy is preinfo society & there's no incentive for that industry to compete in a marketplace of ideas like software must. Would that we BE ABLE to care deeply about metallurgy but it's an old world style specialty.

          0 replies 0 proslijeđenih tweetova 0 korisnika označava da im se sviđa
          Hvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. Poništi
          Poništi

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