December 2, 2019
By Mark Littlewood
The Accidental and Deliberate Growth of Shopify
Shopify is now a $39 billion market cap business listed on the New York Stock Exchange and on the dreaded, ‘Black Friday’ this year, Shopify merchants made over $900 million worth of sales.
In a recent interview with Underscore.vc, Tobi Lutke, the founder and CEO, shared some of the things that made him change his view of the business from a lifestyle business, to one that became venture funded and then listed on the public markets. It has become one of the most successful and significant ecommerce platforms of the past decade. He discusses how he came to realize that his approach to running the business was becoming a significant block to growth.
In this context, it is fascinating to watch his Business of Software Conference USA 2011 talk: How to make sure your business is on the right side of history through code & culture.
Even then, he seemed determined that he wanted Shopify to have a lasting impact and legacy on the world.
The Accidental and Deliberate Growth of Shopify.
While the early growth of Shopify was in many ways accidental, there came a time when, for Shopify, deliberate growth was required.
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