Share this page!

Enter URL or ID to Unroll

You can paste full URL like: https://x.com/threadreaderapp/status/1644127596119195649
or just the ID like: 1644127596119195649

How to get URL link on X (Twitter) App

  1. On the Twitter thread, click on or icon on the bottom
  2. Click again on or Share Via icon
  3. Click on Copy Link to Tweet
  4. Paste it above and click "Unroll Thread"!
  5. More info at Twitter Help
Patrick McKenzie Profile picture
@patio11
Aug 5, 2019 • 3 tweets • 1 min read • Read on X
Thought I’d share this, and provide the longitudinal observer note that these would be perceived as extreme outlier success N years ago in the community and now are closer to “Solid hiring-on-all-cylinders execution.”
Technology is a thing but not all technology relevant to a software business is in code. A lot of the (e.g.) marketing and sales approaches have been investigated and materially derisked, resulting in less wasted effort for founders trying dead ends.
*firing

(Though if one sustains growth like that hiring-on-all-cylinders is a reasonable option if one wants to do that ;) )

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with Patrick McKenzie

Patrick McKenzie Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @patio11

Patrick McKenzie Profile picture
Feb 21
SBF has a new interview out, conducted from prison. It is... unbelievable, at points.

Highlights include:

* Strong direct statement of his innocence.
* Accusing prosecution and judge of policitized process, analogising to experience of President Trump, apparent maneuvering to secure clemancy.
* Implied rationale for prosecution: his donations to Republicans.
* Expressions of frustration that S&C/John Ray III didn't collaboratively receive balance sheets and other business records from him and rather set about reconstructing them, which he claims delayed recovery and cost creditors substantial amounts of money in e.g. legal fees.
Read 7 tweets
Patrick McKenzie Profile picture
Feb 17
Me: Ah a nice relaxing Monday where I can finally get some work done.
DOGE: Have you ever heard of checks?!
Me: %{*]% it.
Me: I don’t do partisan politics.
Twitter the Sumerian bird demon: Got it.
Me: Which is why I work in a painfully boring infrastructural field.
Twitter: Oh sure.
Me: That no one hates each other over.
Twitter: Yeah.
Me: So just writing the truth won’t summon a mob.
*curse starts*
Why does the government send a lot of checks? Principally because it is the easiest payment method in the U.S. to coordinate over multi-year timescales without needing to constantly re-coordinate updates with the payee on how they get their money these days.
Read 22 tweets
Patrick McKenzie Profile picture
Feb 14
Friendly neighborhood Dangerous Professional advice:

If you are ever at a meeting taking notes, and someone at the meeting expresses umbrage that notes are being taken of the meeting, and this is routine notetaking for this genre of meeting, …
… you should absolutely want to keep physical control of those notes, and you should prioritize that over social pressure you may perceive, and you should update very aggressively against the umbrage-taker as being likely up to no good.
You should also, immediately after the meeting, document the fact that you were taking notes at a meeting and asked to stop, and that you felt in that moment this ask was extraordinary.
Read 17 tweets
Patrick McKenzie Profile picture
Feb 10
Since the printing press, it was injurious to reputations to have something untrue said at scale.

We should have adopted more care about this after it became habit in society to Google someone's name and Google started weighting institutions highly.

The opposite happened.
And now we're standing on the precipice of another revolution in user behavior caused by a technological substrate almost unimaginable earlier: there will be a presumptively authoritative answerer of almost every question, in almost every pocket, and many places besides.
It behooves us as individuals to care what that alien mind thinks about us, because it is going to be consulted actively and passively even more than Google is.

And it behooves us, as society, to exercise some care in what we put into the training set.
Read 9 tweets
Patrick McKenzie Profile picture
Feb 6
Per CoinDesk (and thanks @Bitfinexed):

Lutnik, to Senate: “Cantor Fitzgerald is not conducting continuous diligence on Tether’s financial statements, but I believe my [much stronger endorsement] statements were accurate when made."

Was wondering when walk-back would happen.
Lutnik, who was the CEO of Cantor prior to more recent adventures, previously attempted to dispel long-time doubts about Tether's... everything by vouching for them.

At the time, the open ended nature of the vouching struck me as out of the ordinary.

Oh, CoinDesk reporting on the hearing:

coindesk.com/policy/2025/02…
Read 8 tweets
Patrick McKenzie Profile picture
Jan 30
Robinhood talks a good game about democratizing access to investing but product- and marketing wise runs a casino that is licensed as a broker/dealer.
PDT stands for “pattern day trading” and the PDT rules were imposed after the Dot Com bubble to decrease risk to both small-dollar retail users and the brokerages that accept their business from day trading.
PDT only applies to accounts with less than $25k of capital, i.e. smallest retail traders. You get a mark every time you have trades in two directions in same symbol in a day. Buy and sell Microsoft on same day, for example, one mark.
Read 7 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!

Send Email!

:(