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Tobi Lütke - Building Islands of Innovation - [Invest Like the Best, EP.393] — Invest Like the Best with Patrick O'Shaughnessy
overcast.fmTobi Lutke explains what the VCs who passed on Shopify got wrong
Tobi recounts pitching Shopify to VCs on Sand Hill Road a few years after founding Shopify.
Investors passed because they thought the addressable market was too small. At the time, there were about 40,000-50,000 online stores, ... See more
Startup Archivex.com
.@bchesky on how fast-growing companies become slow bureaucracies https://t.co/CyIPqOTPph
Lenny Rachitskyx.comIncreasingly believe that the "good, cheap, fast —choose two" maxim is devious misinformation spread by the slow.
In my experience, "slow" and "expensive" usually go together. I was in a meeting yesterday where lopping a year off a project schedule also ended up reducing the cost substantially. Fundamentally, it takes ti... See more
Patrick Collisonx.com
I just interviewed the man who invented Amazon Prime.
He started a business worth $40 billion today and served on Amazon's board for 15 yrs.
Here are lessons from Bing Gordon that'll save you years of mistakes: https://t.co/NatY4K3zlK
Shopify has about 6,000 employees and a market cap of over $100 billion