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Patrick McKenzie
I work for the Internet, at , mostly on Atlas. Opinions here are my own.
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Patrick McKenzie 6h
Replying to @Austen
In a way it’s a commentary on the state of education that analysts believe that teaching effectively is so disconnected from what makes a school work as to not be worthy of mention.
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Patrick McKenzie 6h
Replying to @cperciva
Easiest way to find out is ask!
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Patrick McKenzie 8h
With regards to prices, salaries, and valuations, the feedback "OMG that's too high!" is, in fact, the reaction you'd expect to get from, very literally, almost everyone in the world. If you don't buy the thing, you're not the buyer for the thing, and if you're not the buyer...
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Patrick McKenzie 8h
Replying to @Austen
I remember that year where investors were enthusiastic with the prices they were paying... ... kidding, kidding, that never happened. Back in the bad old days when people were investing $200k on a $400k post they were probably saying "Man who do these kids think they are?"
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Patrick McKenzie 9h
Replying to @maccaw @clearbit
Congrats!
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Patrick McKenzie 10h
Replying to @iamcoreyg
Depends on the stage; can you email atlas@stripe.com ?
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Patrick McKenzie 13h
It's related to us assisting you in getting a bank account and Stripe account; we are required to know approximately what you're building for regulatory purposes. If you don't have mockups/screenshots you can point us at e.g. a Google doc discussing possible directions.
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Patrick McKenzie 14h
Replying to @matt_levine
"You know we could do a few months of boring stakeholder management and get ACH down to basically instantaneous if we stopped doing nightly CSV uploads and adopted a REST API." "Everything you just said sounds boring to me." "Or we could blockchain." "Ooh tell me more!"
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Patrick McKenzie 14h
Replying to @matt_levine
The bull case for blockchain: Slow databases are worse than fast databases, inarguably. But if this particular slow database sets fire in the hearts of non-technical decisionmakers, it might cause the non-technical collaboration to e.g. drive down money transfer flight times.
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Patrick McKenzie 14h
Replying to @matt_levine
Ah Bitcoin, what have ye wrought, that IBM is trying to sell JPMorgan on permissioned USD-backed stablecoins.
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Patrick McKenzie 14h
. , on banks' purported enthusiasm for blockchain: (I think this is probably extremely exaggerated purported enthusiasm. Of course IBM's vice president of blockchain says that buyers should want to buy blockchain.)
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Patrick McKenzie retweeted
Jason ✨𝕊𝕒𝕒𝕊𝕥𝕣𝔼𝕦𝕣𝕠𝕡𝕒✨ Lemkin 🦄 19h
My top takeaway from demo days: We may only need a few hundred more seed funds
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Patrick McKenzie Mar 18
Replying to @ekuniyoshi
Mind sending me an email? Happy to put you in touch with someone regarding that. (My twitter handle at )
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Patrick McKenzie Mar 18
I wrote a bit on what working at Stripe has been like:
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Patrick McKenzie Mar 18
Replying to @zebriez
YMMV on this but it is far and away the favorite thing I own.
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Patrick McKenzie Mar 18
Replying to @allnick @tylertringas
Approximately no SMB thinks this way or would be capable of making the determination which of two options had capital if they thought that way. Try the office manager test: ask if was funded and if so how much at your next visit to e.g. a dentist.
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Patrick McKenzie Mar 18
Replying to @DanielleMorrill
Or, phrased another way, there is very little alpha available in parenting technology.
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Patrick McKenzie Mar 18
Replying to @DanielleMorrill
2 kids in: Vanishingly few decisions impact outcomes after marrying the right person, contingent on not doing a bunch of things that some parents do that you’d never consider doing, and so very little of the content of the books matter, and they mostly sell emotional support.
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Patrick McKenzie Mar 17
Replying to @samphippen
And, quite relevantly to security and other forms of risk management, 3) today’s bad guy is good at his job, and we will learn of this fact in $INTERVAL
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Patrick McKenzie Mar 17
The worst one I ever had at my own business definitely had a “Oh no.” moment but it was a sense of foreboding that got me to check email 12 hours later which clued me into how much of an “Oh no.” it actually was.
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