Patrick McKenzie

Patrick McKenzie

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

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Explore our hand-picked selection of quotes by Patrick McKenzie:

#startup Insights

Founding a funded startup which doesn’t work out largely does not and should not irreversibly damage the founders’ finances. We should stop implying this is routine and stop valorizing courses of action which increase likelihood of it happening, like not taking salary.

#founding team

Founding a funded startup which doesn’t work out largely does not and should not irreversibly damage the founders’ finances. We should stop implying this is routine and stop valorizing courses of action which increase likelihood of it happening, like not taking salary.

#tech industry

An underappreciated and underpracticed-in-tech part of the hiring loop: candidates should come away from it, regardless of the outcome, willing to talk you up to their friends/coworkers/etc.

#problem Solving

If you want a problem solved make it someone’s project. If you want it managed make it someone’s job.

#community

Distributed communities on the Internet are an *extremely* powerful acculturating force, often derided for being low status, disruptive, or somehow unserious. I think we’re not really anywhere close to reckoning with this, or current and future implications on society.

#environment

Distributed communities on the Internet are an *extremely* powerful acculturating force, often derided for being low status, disruptive, or somehow unserious. I think we’re not really anywhere close to reckoning with this, or current and future implications on society.

#venture capital

A thing you’re going to start seeing more frequently: software companies entirely funded by software people, without needing to tap traditional large pools of money (VC funds backed by pensions/universities/family offices) basically ever.

#raising money

A thing you’re going to start seeing more frequently: software companies entirely funded by software people, without needing to tap traditional large pools of money (VC funds backed by pensions/universities/family offices) basically ever.

#productivity

I cannot overstate enough the productivity improvement good processes or a particularly good working relationship can represent, even for people who are highly productive.

#making progress

I cannot overstate enough the productivity improvement good processes or a particularly good working relationship can represent, even for people who are highly productive.

#finding ideas

Cool concept I heard of today for first time: bank branches as third place coworking spaces. Makes absolutely no sense as a daily coworking space but might be a good loss leader for the bank. The real estate is widely distributed and very underused 90% of time.

#opinion

I really think long-form essay writing (please please please don't call it blogging) for professional audiences is due to make a comeback, ideally tied to a better business model than advertising.

#business insights

Rates exert gravity. If you charge more, you’ll spend your time talking to more sophisticated clients, working in better businesses, specializing in projects close to the money. These are compounding advantages. If you charge less, similar dynamics apply.

#work

If an employer is willing to be abusive to you prior to hiring you, when you have maximum leverage and they are maximally incentivized to play nice, I think that gives you *extremely actionable* signal as to how they'll treat you when you're working there and dependent on them.

#career advice

If an employer is willing to be abusive to you prior to hiring you, when you have maximum leverage and they are maximally incentivized to play nice, I think that gives you *extremely actionable* signal as to how they'll treat you when you're working there and dependent on them.