Patrick McKenzie, Discover and Read the Best of Twitter Threads by @patio11

Patrick McKenzie

I wrote about my experiences working at Stripe for the last 4 years: https://kalzumeus.com/2020/10/09/four-years-at-stripe/It's partly self-reflection, partly my view on why this is an extremely special company, and partly my

A thing not widely understood by either consumers or even most people working in finance: the standard US checking account is a credit product.(Even if overdrafts are turned off.) “Why?”The

(translated from Japanese)Scene: Roomba is cleaning the floor.Liam (3): Outta my way!Lillian (5): Liam! In this house we are polite to robots! *addresses Roomba* We are obliged for your continued

A thread on answering interview questions questions which sound like trivia quizzes:https://twitter.com/patio11/status/1309359528836648961 You need to have a theory of the mind of the interviewer. In this case, that question looks

TinySeed (the first fund I ever invested in) is raising Fund 2. They describe the goal as making an index of early stage B2B SaaS companies.The memo is here, and

I got about ~40% faster solving sudoku after casually watching an hour of YouTube (turns out sudoku YouTube is a thing) and now I’m wondering how many other things in

A thing which I think is counter-intuitive:Society should prefer materially-greater-than-zero defaults on credit obligations and frequent impairment of / losses on equity.These are both consequences of positive-sum harnessing of risk

An interesting example of technology making things better in underserved markets: check cashing via cell phone. Ingo Money appears to be one of the leaders in it.("Check cashing" in this

We’re not close to solving scarcity of cognition but we’re tantalizingly close to solving a scarcity of novel conversations with low cognitive load in them, and that is probably bigger

This is actually a very common pattern in government apps, which are often written to exactly comply to a RFP which explicitly or implicitly requires bug wise compatibility with an

I think one could do a brisk business in a newsletter where you just cover the heck out of annual reports in a sector and then sell the back catalog

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