This Week in Startups

Shopify CEO Tobi Lütke on navigating a downturn, innovating in compensation & more | E1568

Sep 24, 2022

01:41:15

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Podcast summary created with Snipd AI

Quick takeaways

Volatility in stock prices and company expansion challenges demonstrate the unpredictable nature of running a large company in a rapidly changing market.

Stability is elusive in business as companies experience shorter highs and lows, emphasizing the ongoing challenges of scaling and operating a large organization.

Large companies like Apple and Microsoft remain subject to constant unpredictability, highlighting the importance of adaptability and resilience in navigating business challenges.

Shopify's unique employee stock options empower decision-making and transparency, fostering informed compensation choices for employees.

Prioritizing sustainable delivery options and seamless payment processes, Shopify focuses on consumer preferences and user experience, aiming to provide holistic customer satisfaction.

Deep dives

Impact of the Pandemic on Shopify's Growth and Volatility

Shopify experienced significant growth during the pandemic, but also faced challenges like stock price fluctuations and company expansion issues, illustrating the volatile nature of running a large company amidst rapid changes in the market.

What Happened at the Beginning of a Pandemic?

04:05

How to Build a Shopifi Store and Be an Entropanore

01:33

I Like the Pace of Delivery

01:41

Introduction

2min

How Do You Do in Toby Litka?

2min

Is It Stable and Predictable?

2min

What's the Thing That Hasn't Changed?

4min

What Happened at the Beginning of a Pandemic?

4min

Workplace Podcasting Platform - Spoken Stories

3min

The Stock Market Is Trying to Do This

4min

How to Have Stock Options in a Company?

3min

How to Make a Decision in a Poker Hand?

4min

10.

Is There a Way to Get More Stock Options?

2min

11.

Investing in the Early Stage Market

4min

12.

Is It a Free Option?

2min

13.

You Can't Leave Too Early, Which Sucks for You

3min

14.

I'm, Like I'm Always Suspicious About How These Stories End Up Being Reported

3min

15.

Help Wear - Get One Thousand Dollars Off Your First Invoice

2min

16.

Why We Had to Hire a Lot of People

2min

17.

We Did Not Want to Compromise Product

2min

18.

Amazon Studying the People on Their Platform

3min

19.

Is Amazon a Unique Product?

3min

20.

I Like the Pace of Delivery

2min

21.

Having a Faster Quartz Is a Good Idea.

4min

22.

Shop for Payments vs Stripe

3min

23.

By Now Pay Later

2min

24.

Is Your Credit Card a Good Idea?

2min

25.

How Are You Managing This Generational Shift?

2min

26.

Are You Trying to Get Into Socialism?

2min

27.

What's the Problem With Dest Top Monitoring?

2min

28.

The Failure of Management to Recognize Excellence

3min

29.

I'm a Shareholder. And I've Got to Go.

2min

30.

How to Build a Shopifi Store and Be an Entropanore

2min

31.

Dop Producer, Rachel Harr, Ok Boomer in Joy

2min

32.

The New Cycle Is Getting Shorter and Shorter

2min

33.

Tik Tok Is a Copy of B Real

2min

34.

Is It a New Apse?

2min

35.

Is There a Future for the Media Industry?

3min

36.

Is There a Shorter AttentionSpan in the Moving Industry?

2min

37.

Why I Love Axios

2min

38.

Book Review - Andwo Rapper

2min

39.

Video Is the Future Is Such Large Messagin

2min

40.

How Do You Think Our Generation Will Be Consuming News?

2min

41.

The Future of Media

2min

42.

Yn Mani Shoul Saity Ya Ya

3min

Shopify CEO Tobi Lütke joins Jason for the third time to break down Shopify's wild ride over the past 2+ years (1:40), $SHOP's new compensation system (14:19), competing with Amazon (45:38), Shop Pay (56:25), and more! Then, Producer Rachel welcomes Jules Terpak back for another segment of OK Boomer! (1:15:58)

(0:00) Jason intros today's segments!

(1:40) Shopify CEO Tobi Lütke joins to break down Shopify's wild ride over the past 2+ years and the state of the e-commerce market post-COVID peaks

(13:00) Spokn - Get 3 months free at https://getspokn.com/twist

(14:19) Dealing with stock price distractions during periods of volatility, innovating Shopify's compensation system

(27:56) Masterworks - Skip the waitlist to invest in fine art using at https://Masterworks.io/twist

(29:23) Tobi breaks down the ideation of Shopify's new "Flex Comp" system

(38:53) Helpware - Go to https://helpware.com/TWIST to get $1000 off your first invoice

(40:09) Laying off 10% of staff over the summer

(45:38) Competing with Amazon, innovating in fulfillment

(56:25) Shop Pay, BNPL, and remote work quirks

(1:15:58) Producer Rachel welcomes Jules Terpak back for another OK Boomer segment covering Gen Z online life, the entertainment economy, social media backlash, "Sharenting" and more

FOLLOW Tobi: https://twitter.com/tobi

FOLLOW Jules: https://twitter.com/julesterpak

FOLLOW Jason: https://linktr.ee/calacanis

FOLLOW Molly: https://twitter.com/mollywood

Subscribe to our YouTube to watch all full episodes:

https://www.youtube.com/channel/UCkkhmBWfS7pILYIk0izkc3A?sub_confirmation=1

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This Week in Startups

Shopify CEO Tobi Lütke on navigating a downturn, innovating in compensation & more | E1568

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Impact of the Pandemic on Shopify's Growth and Volatility

Challenges of Building and Operating Large Companies

Observations on Business Stability and Unpredictability

Shopify's Approach to Employee Stock Options and Decision-Making

Enhancing Customer Experience Through Sustainable Delivery Options

Streamlining Payments with Shopify Payments and Stripe

Impact of Short Form Content Consumption on Information Retention

Evolution of Media Consumption and Parenting Concerns

Digital Media Trends: Democratization and Commercialization

What Happened at the Beginning of a Pandemic?

How to Build a Shopifi Store and Be an Entropanore

I Like the Pace of Delivery

Get the Snipd
podcast app

AI-powered
podcast player

Discover
highlights

Save any
moment

Share
& Export

AI-powered
podcast player

Discover
highlights

This Week in Startups

Shopify CEO Tobi Lütke on navigating a downturn, innovating in compensation & more | E1568

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Impact of the Pandemic on Shopify's Growth and Volatility

Challenges of Building and Operating Large Companies

Observations on Business Stability and Unpredictability

Shopify's Approach to Employee Stock Options and Decision-Making

Enhancing Customer Experience Through Sustainable Delivery Options

Streamlining Payments with Shopify Payments and Stripe

Impact of Short Form Content Consumption on Information Retention

Evolution of Media Consumption and Parenting Concerns

Digital Media Trends: Democratization and Commercialization

What Happened at the Beginning of a Pandemic?

How to Build a Shopifi Store and Be an Entropanore

I Like the Pace of Delivery

Get the Snipdpodcast app

AI-poweredpodcast player

Discoverhighlights

Save anymoment

Share& Export

AI-poweredpodcast player

Discoverhighlights

Get the Snipd
podcast app

AI-powered
podcast player

Discover
highlights

Save any
moment

Share
& Export

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podcast player

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highlights