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Patrick McKenzie
@patio11
, 3 tweets, 1 min read Read on Twitter
I think we’re going to see *a lot* more companies shaped like zeusliving.com , where they are not just Internet-enabled frontends on underlying property management but eat the interesting parts of the underlying stack.
Partly this is a matter of tech folks growing up a bit, partly better access to capital, and partly increasing amounts of business savvy in the startup community.
Nobody applied to YC 10 years ago with “You know what sounds exploitable inefficient? Corporate housing property management.”
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Patrick McKenzie
@patio11
"15~20 years ago, technically-inclined founders routinely got taken to cleaners by capital due to information asymmetry. This is no longer the case due to folks like Brad Feld et al writing about it and PG's YCombinator." @robwalling #microconf
@robwalling I think one of the things we'll see over the *next* 15~20 years is that there will be sufficient money internal to the tech community (broadly writ) such that tapping high net worth individuals / endowments / pension plans won't be necessary.
@robwalling (This has already basically happened prior to Series B or so; the big question is whether it happens to B/C as well. One wonders who will win growth rounds, mutual funds or SoftBank or funds, but I'm glad that my day job is not attempting to build differentiation for money.)
Read 3 tweets
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Patrick McKenzie
@patio11
"70% of businesses don't do user research... and this is basically constant over revenue buckets from $0 to $50M+." @AlliBlum #MicroConf
@AlliBlum I think there are a *surprising* number of things you could replace for "user research" here, in that meat-and-potatoes things that are well-written-about seem like they're technologies which should exist everywhere... but they're not.
@AlliBlum Also worth noting that there are many businesses which have several genres of meat-and-potatoes things missing but they do one or several things well enough to cause success in spite of that.
Read 3 tweets
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Patrick McKenzie
@patio11
. @SureSwiftCap mentioned that they're a remote-first culture with 80 employees over 14 timezones.

Which: daaaaaaaaang that is operationally impressive.

#Microconf
@SureSwiftCap A word I heard many years ago: "the micro-multinational."

It is a wild, wild thing about the world that a company operating on the scale of a local business can have their definition of local be "Local to any of the ten countries we do business in physically. Or the Internet."
@SureSwiftCap When I was 24 I used to joke "I run a multinational software company" because that was clearly a joke, I mean sure technically speaking there was me in Japan and the customers in the US but that is what nobody means by multinational.

It eventually became not really a joke.
Read 5 tweets

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Simon Wardley #NfN #EEA
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1. I wonder how many of the people railing against The New York Review of Books for publishing Jian Ghomeshi’s essay are so perfect as to have never made a mistake?
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1/I want to do another thread about something I've tried unsuccessfully to articulate: Why a world of zero productivity growth is such a scary prospect.

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