patio11's avatar

Patrick McKenzie 325

@patio11

I work for the Internet, at @stripe, mostly on accelerating startups. Opinions here are my own.

Comments 37

Stripe's thinking on cryptocurrencies is best encapsulated by our posts on the matter. Examples: thoughts on Bitcoin, investing in stellar, sunsetting Bitcoin support.

Speaking only for myself, I'm…

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Ask Erin and Thomas; they have expressed a desire to host it for marketing purposes sometime. That is, unfortunately, not a trivial endeavor.

(Blame the guy who wrote large portions of it.)

I'm sad…

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I understand little about the entertainment industry, but to a gross approximation, I think it is largely an iterated game where ~2,000 people come together in clumps of ~10 to build a defined project…

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Do you think you're going to get better at selling this after you have a product available? What is the narrative by which that happens? If you do not get better at selling this, running a SaaS…

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I do not have a very developed point of view on the strategy here qua immigration.

I think over a 5+ year timespan you're going to increasingly see the world move to approximately two salary…

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B2B SaaS is a very large field of human endeavor. If you're looking for an entry point, I wrote one, but the field is multifaceted and I have no recommendation or set of recommendation that covers…

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I am broadly skeptical about the discourse of "top talent", which suggests that it is static, and think there is some combination of person, opportunity, and supporting infrastructure which results in…

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I think the relatively easy part of valuing a stock option is understanding how the math works out given the company achieves $X valuation at exit (covered in many places on the Internet; the Holloway…

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Depends on your risk tolerance and how sure you are that you want to run a SaaS company, IMHO. I will report that I started learning a lot faster and executing a lot better after having more cycles to…

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I enjoyed the Phoenix Project a lot but don't have super-developed thoughts on the Theory of Constraints. (More business advice should be placed in a well-executed fictional narrative.)

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I'm surprised that Heroku's model didn't win over AWS' model and that DevOps is accordingly a core competence at most SaaS companies. This seems obviously terrible to me every time I'm doing DevOps…

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You're going to learn a heck of a lot when doing a business, regardless of what that business is and regardless of what your present skills are.

A friend of mine (Jay Winder) often talks to me about…

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I don't know that I'd do all that much market research as market research is usually understood, largely because I'd be doing it for something where it is overwhelmingly obvious to me that there is a…

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I like to think of myself as a patron of the arts, inclusive of the art of small businesses providing personal entertainment services via presence at poker tables. If you're asking this question, you…

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Go work for, without loss of generality, Ramit Sethi for a year. Learn how the business of teaching functions at scale. Then make the business that enables the business of teaching.

(You can pick…

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I broadly don't think about "movements" that frequently. Digital nomads have many things in common with my lifestyle and many things very not-in-common. I describe myself as a "digital homebody" in…

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Fix engineering hiring.

We took a swing at this with Starfighter. It didn't work out. I think there are a lot of different potential takes on the problem space.

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That's like asking me for my favorite book... there are just so many that I love for so many different reasons.

If you put a gun to my head, I've given the answers Twilio and Stripe for the last ~10…

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I think very little about having "an audience" on a day-to-day basis. I think more frequently about the community I'm serving (software people, broadly writ) and the specific subcommunity of software…

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Are you a fan of Star Trek by any chance?

O'Brien learns to cook, in a world where infinite free tasty food is available at the touch of a button. I think it's instructive to think why one would…

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Do you want to have a job? Then get a job at an employer who values software engineers. They'll pay a lot more than $5k a month.

Do you want to have a business? Then you should focus on selling…

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I should write a /books/ page on my site sometime. Thanks for the suggestion.

I would not write a /news/ page on my website. I am broadly very bearish on traditional journalism; the percent of value…

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There are some industrial byproducts of the cryptocurrency space which are plausibly businesses.

e.g. "Cryptocurrency exchanges have a problem with KYC. Gee it sure would be great to figure out a way…

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I think that cryptocurrency enthusiasts are constantly searching for a problem to which cryptocurrencies are the solution, and that the search is as yet basically unsuccessful. Feel free to tell me or…

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My goal over the 45+ years of my career is to maximize for value created for software people. (I usually articulate it as "the product of number of people helped times the median concrete improvement"…

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