This Week in Startups
Shopify CEO Tobi Lütke on navigating a downturn, innovating in compensation & more | E1568
Sep 24, 2022
Tobi Lütke, the visionary Founder and CEO of Shopify, shares his insights on navigating the tumultuous e-commerce landscape post-COVID and introduces their innovative compensation model, "Flex Comp." He reflects on the challenges of competing with giants like Amazon and the emotional impact of layoffs. Joining him is Jules Terpak, a digital culture commentator, who delves into the nuances of Gen Z's online life and the ever-evolving dynamics of social media. Together, they explore the intersection of technology, entrepreneurship, and modern communication.
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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.
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.
