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Patrick McKenzie @patio11
, 3 tweets, 1 min read Read on Twitter
I will never, never stop facepalming about people with “capitalist” very literally in their job title complaining about what labor costs these days.

I’d be at least mildly sympathetic if they e.g. ran a charming local cafe. But when your literal job is allocating efficiently...
... and you complain that AppAmaGooBookSoft are corrupting young engineers minds by promising them enough money to live in your neighborhood, your remedies are:

1) hire people AppAmaGooBookSoft won’t
2) execute better at business or
3) clear the field for better operators
I also have to point out that capital is more abundant than it has ever been and is chasing returns. Your LPs did not give you that pot of money to #*{^#ing buy Bitcoin.

Making software/etc businesses in a radically more efficient fashion than BigCo is the trade!
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