Tobi Lütke is the co-founder and CEO of Shopify, the global e-commerce titan with a $160 billion market cap. Under his leadership, the company generates over $7 billion in annual revenue and has seen its valuation grow nearly 100x since its 2015 IPO. Today, Shopify has over 8,000 employees and AI now generates over 50% of the Shopify’s code.
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Timestamps:
00:00 Intro
01:54 Fear of Losing vs Hunger to Win
07:02 Why Builders Are “Eights” and Why Companies Conspire Against Them
08:44 People Who Build Companies Are Fundamentally Crazy
09:49 Why Tobi Didn’t Want to Be CEO
11:00 The Luxury of Long-Term Thinking as a Public Company
35:26 Why “Not-for-Profit” Should Make You Suspicious
37:07 Tobi’s Take on Government Intervention & the Prussian School of Economics
41:04 Canada’s “Trump Derangement Syndrome”
44:18 The Real Chinese Threat
47:13 What Tobi Would Do to Fix Europe
50:49 Shopify’s Biggest Mistake
52:25 Great Leaders Must Be a Heat Source
55:19 Why Tobi Never Looks at the Stock Price
58:09 Senior Engineers Don’t Write Code Anymore
59:46 The New Role That Will Dominate in 5 Years
1:02:00 “River” Shopify’s AI Engineer That Named Herself
1:02:05 Over 50% of Shopify’s Code Is Now AI-Generated
1:04:48 Would He Encourage His Kids to Go to University?
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Legal Disclaimer:
The content of this podcast is for informational and entertainment purposes only and does not constitute financial or investment advice. Any discussion of stocks, public markets, or investment strategies reflects the personal opinions of the speakers and should not be relied upon when making investment decisions. Figures, valuations, and financial data referenced may be estimates or subject to error. Always consult a qualified financial adviser before making any investment decision. The views expressed are those of the individual speakers and do not represent the views of 20VC or its affiliates.
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