Tobi Lütke, Shopify

Tobi Lütke is the co-founder of Shopify, where he has served as the company's CEO since 2008.

Under his leadership, Shopify grew from an online snowboard shop in Ottawa, Canada in 2004 to the world's leading e-commerce platform, powering over 4 million merchants in more than 175 countries. The company went public in 2015 at a $1.27 billion valuation and has since grown to a market capitalization exceeding $200 billion.

After dropping out of school following the tenth grade in Germany, Lütke completed an apprenticeship in computer programming at the Koblenzer Carl-Benz-School. He moved to Canada in 2002 and launched Snowdevil, an online snowboard shop, in 2004 with Scott Lake and Daniel Weinand. Frustrated with existing e-commerce solutions, Lütke built his own platform using Ruby on Rails, which became Shopify in 2006. He became known for pioneering accessible e-commerce tools, contributing to the Ruby on Rails open-source community, and championing the idea that entrepreneurship should be available to everyone.

His accomplishments include building Shopify into one of Canada's most valuable companies, being named "CEO of the Year" by The Globe and Mail in 2014, receiving Canada's Meritorious Service Cross in 2018 for his contributions to the technology industry, launching Shopify's Sustainability Fund in 2019 to invest in climate solutions, co-founding the Thistledown Foundation with his wife Fiona McKean to support healthcare and environmental causes, and serving on Coinbase's board of directors since 2022.

Episode show notes: https://www.davidsenra.com/episode/tobi-lutke

Survey: https://forms.scicommedia.com/t/mw83tpmsRzus

Made possible by

Ramp: ⁠https://ramp.com

Eight Sleep: https://eightsleep.com/senra

Function Health: https://functionhealth.com/senra

Chapters

(00:00:00) Companies as Social Technology

(00:05:27) The Value of Reading Books: Cheat Codes for Life

(00:07:28) Post-IPO Crisis: Cosplaying as a CEO

(00:07:54) Competition vs Rivalry: The Power of Healthy Competition

(00:16:02) COVID as a Turning Point: Rebuilding the Executive Team