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Tobi Lütke is the founder and CEO of Shopify, a $130 billion business that powers over 10% of all U.S. e-commerce. Starting as a snowboard shop in 2004, Shopify has become the leading commerce platform by consistently approaching problems differently. Tobi remains deeply technical, frequently coding alongside his team, and is known for his unique approach to leadership, product development, and company building. In our conversation, we discuss: • Why complexity kills entrepreneurship • How to develop and leverage your unique talent stack • How specifically Tobi approaches thinking from first principles • The importance of focusing on unquantifiable qualities like joy and delight • Why Tobi works backward from a 100-year vision • Why metrics should support decisions, not make them • The power of following your curiosity • What Tobi believes it takes to be a great product leader • Much more — Brought to you by: • Sinch—Build messaging, email, and calling into your product: https://sinch.com/lenny • Liveblocks—Ready-made collaborative features to drop into your product: https://liveblocks.io/lenny • Loom—The easiest screen recorder you’ll ever use: http://loom.com/lenny Find the transcript at: https://www.lennysnewsletter.com/p/tobi-lutkes-leadership-playbook Where to find Tobi Lütke: • X: https://x.com/tobi • LinkedIn: https://www.linkedin.com/in/tobiaslutke/ • Website: https://tobi.lutke.com/ Where to find Lenny: • Newsletter: https://www.lennysnewsletter.com • X: https://twitter.com/lennysan • LinkedIn: https://www.linkedin.com/in/lennyrachitsky/ In this episode, we cover: (00:00) Welcome and introduction (04:17) The Tobi tornado (07:10) Maximizing human potential (11:05) Education and personal growth (16:47) Operating without KPIs (25:00) First-principles thinking (40:04) Remote work (45:59) Why Tobi never stopped coding (54:46) Embracing disagreement (01:01:27) The 100-year vision (01:09:29) Balancing tactics and positioning (01:17:15) Encouraging entrepreneurship (01:19:34) The power of good UX (01:28:42) The talent stack and unique opportunities (01:34:30) The role of passion in product development (01:36:39) Final thoughts and farewell Referenced: • How Shopify builds a high-intensity culture | Farhan Thawar (VP and Head of Eng): https://www.lennysnewsletter.com/p/how-shopify-builds-a-high-intensity-culture-farhan-thawar • Breaking the rules of growth: Why Shopify bans KPIs, optimizes for churn, prioritizes intuition, and builds toward a 100-year vision | Archie Abrams (VP Product, Head of Growth at Shopify): https://www.lennysnewsletter.com/p/shopifys-growth-archie-abrams • The ultimate guide to performance marketing | Timothy Davis (Shopify): https://www.lennysnewsletter.com/p/performance-marketing-timothy-davis • Brandon Chu on building product at Shopify, how writing changed the trajectory of his career, the habits that make you a great PM, pros and cons of being a platform PM, how Shopify got through Covid: https://www.lennysnewsletter.com/p/brandon-chu-on-what-its-like-to-build • IRC: https://en.wikipedia.org/wiki/IRC • Goodhart’s law: https://en.wikipedia.org/wiki/Goodhart%27s_law • Glen Coates on LinkedIn: https://www.linkedin.com/in/glcoates/ • How Shopify builds product: https://www.lennysnewsletter.com/p/how-shopify-builds-product • The Last Dance on Netflix: https://www.netflix.com/title/80203144 • Autoregressive Models for Natural Language Processing: https://medium.com/@zaiinn440/autoregressive-models-for-natural-language-processing-b95e5f933e1f • Archimedean property: https://en.wikipedia.org/wiki/Archimedean_property • Tabula rasa: https://en.wikipedia.org/wiki/Tabula_rasa • Daniel Weinand on LinkedIn: https://www.linkedin.com/in/danielweinand/ • World of Warcraft: https://worldofwarcraft.blizzard.com • Harley Finkelstein on LinkedIn: https://www.linkedin.com/in/harleyf/ • Monorepo: https://en.wikipedia.org/wiki/Monorepo • The Sarbanes Oxley Act: https://sarbanes-oxley-act.com/ • Shopify builds Shopify Balance with Stripe to give small businesses an easier way to manage money: https://stripe.com/customers/shopify • Stanford marshmallow experiment: https://en.wikipedia.org/wiki/Stanford_marshmallow_experiment • Brian Armstrong on LinkedIn: https://www.linkedin.com/in/barmstrong/ • We are the Web: https://link.wired.com/public/32945405 Recommended books: • Finite and Infinite Games: https://www.amazon.com/Finite-Infinite-Games-James-Carse/dp/1476731713 • The Infinite Game: https://www.amazon.com/Infinite-Game-Simon-Sinek/dp/073521350X/ Production and marketing by https://penname.co/. For inquiries about sponsoring the podcast, email podcast@lennyrachitsky.com. Lenny may be an investor in the companies discussed.
Tobi Lütke shares his perspective on what drives builders, emphasizing that dissatisfaction with the status quo fuels innovation. He discusses the importance of creating a future that leads to progress, contrasting the typical business aesthetic with a focus on joy and delight. Lütke introduces his long-term vision for Shopify, highlighting the need to work backward from a 100-year plan to maximize human potential.
"your podcast is a podcast by a builder for other builders here's the most interesting question I think people can ask Builders what is your energy source my energy source is dissatisfaction with stus ..."
In this segment, Tobi Lütke describes the 'Tobi tornado'—a rapid process of change management and conflict resolution. He explains how he addresses issues directly and efficiently, ensuring that projects that aren't working are halted to focus on more promising ideas. This approach reflects his commitment to maximizing productivity and ensuring that time is spent on valuable contributions.
"lka this episode is brought to you by cinch the customer Communications Cloud here's the thing about Digital customer Communications whether you're sending marketing campaigns Verification codes or ac..."
Tobi Lütke discusses the belief that no one is close to reaching their maximum potential. He emphasizes the importance of reminding individuals of their capabilities and fostering an environment that encourages personal growth. Lütke reflects on his own journey and how Shopify serves as a platform for others to exceed their expectations and ambitions.
"Lenny Toby thank you so much for being here welcome to the podcast I'm glad to be here I'm excited for our conversation I've listened to so many of your other interviews I've talked to a bunch of peop..."
In this segment, Tobi Lütke addresses the significance of direct feedback in personal and professional development. He believes that holding people to high standards can lead to remarkable achievements. Lütke shares his philosophy of cultivating skills and challenging oneself to unlock greater potential, both for himself and those around him.
"just not a that's not that's not a path forward that I see valid I I understand that's what a lot of people choose to do um so yeah like um compressing time is important and um you know like I I I I t..."
Tobi Lütke explores the idea that curiosity should drive learning and growth rather than conforming to traditional educational metrics. He critiques the education system for stifling curiosity and advocates for an approach that encourages exploration and personal discovery. Lütke believes that fostering curiosity can lead to greater innovation and fulfillment.
"because everyone's unambitious and so um I have found that reminding people of their own potential constantly is actually a wonderful thing to do um and and I have a history of being right about uh pe..."
In this segment, Tobi Lütke discusses the concept of Goodhart's Law and its implications for business metrics. He emphasizes the need for a long-term vision that transcends short-term goals, advocating for a focus on enduring principles rather than merely optimizing for immediate results. Lütke's insights highlight the importance of aligning metrics with genuine progress and potential.
"um I I I I find that uh like like in a way Shopify has been an wonderful um experimental lab for this sort of conviction and um um uh I I've just seen this to come um to to be true and of course heari..."
Tobi Lütke shares his thoughts on choosing educational philosophies for children, reflecting on the challenges parents face in selecting the right approach. He emphasizes the need to prioritize curiosity and personal growth over traditional metrics of success, advocating for an educational environment that nurtures exploration and creativity.
"basically model learning how to cheat on The Benchmark on or like on on on on on the fitness function so there's a business analogy of this which is that U not actually analogy there it's called good ..."
In this segment, Tobi Lütke reflects on the importance of maintaining curiosity in education. He argues that traditional schooling often stifles children's natural curiosity by prioritizing grades over genuine exploration. Lütke emphasizes that fostering curiosity is crucial for personal growth and learning, suggesting that a different educational approach is necessary to cultivate this trait in children.
"afterwards you can build like you can find the schools that you like for I mean just like supplying this for us for us it was just m maintaining curiosity I like this is a completely different goal fr..."
Tobi Lütke discusses how Shopify operates without specific KPIs, relying instead on taste and intuition for decision-making. He addresses skepticism around this approach and explains that while they lack traditional metrics, they are still data-informed. Lütke highlights the complexity of business and the need to avoid overfitting to quantifiable metrics, advocating for a balance between data and qualitative insights.
"a company to work that way because a lot of people will try it and fail this is very close to what what I just talked about with overfitting but um a good heart's law is real the moment you create a l..."
In this segment, Tobi Lütke emphasizes the importance of unquantifiable qualities such as passion, joy, and delight in business. He argues that while metrics are useful, they should not overshadow the emotional and qualitative aspects of product development. Lütke believes that fostering a fun and enjoyable work environment can lead to better overall results, even if metrics initially suggest otherwise.
"um what Shopify attempts to do um is to um and in a lot of different places this is one of them but also in products is just not uh overfitting for the quantifiable because I think there is like again..."
Tobi Lütke discusses how fun and delight in the workplace can positively impact business outcomes. He suggests that if employees are enjoying their work, it will eventually lead to improved metrics. Lütke argues for a shift in focus from purely quantifiable results to creating an environment where employees feel joy and satisfaction, which he believes is crucial for long-term success.
"um the the the you know do the unit test pass the unit tests might not pass and the unit test will pass 15 minutes later because we we we fix them or or adjust the one or two things um so they support..."
In this segment, Tobi Lütke critiques the conventional aesthetics of business, which often prioritize metrics and formal presentations. He argues that these norms can lead to misguided perceptions of success. Lütke emphasizes the need to embrace unconventional approaches and ideas that may initially seem naive but can lead to genuine progress and innovation in business.
"right like and so I think there needs to be more acceptance uh in businesses of unquantifiable things one the most powerful thing the most powerful uh not unquantifiable things in the world of busines..."
Tobi Lütke introduces the concept of first principles thinking, emphasizing its importance in product development. He explains that to create innovative solutions, one must derive ideas from fundamental truths rather than existing models. Lütke highlights the necessity of understanding the current capabilities of technology and encourages a mindset that challenges the status quo to drive meaningful change.
"support function where um we often defer to uh just more you know sometimes a little bit emotional but like generally less um quantifiable things I imagine if someone were to hear you describe this uh..."
In this segment, Tobi Lütke discusses the role of founders in injecting energy into their businesses. He compares the energy levels of companies to room temperature, suggesting that without passionate leadership, businesses cannot outperform their competitors. Lütke emphasizes the importance of having leaders who can inspire and motivate teams to achieve exceptional results.
"like I've at this point like kind of learned to um well first of all I've I've always kind of ignored um uh you know what people think generally um um that came pretty natively to me somehow which I'm..."
Tobi Lütke shares his personal motivation, which stems from a dissatisfaction with the status quo. He believes that the current state of technology and society can always be improved, and this drives him to innovate. Lütke argues that recognizing the potential for progress is essential for building a better future, and he encourages others to adopt a similar mindset.
"astray this is an awesome segue to the other theme that I wanted to spend some time on which is thinking from first principles Elon is the classic example of that honestly I think you're the other mos..."
In this segment, Tobi Lütke emphasizes the importance of not settling for conventional solutions in business. He argues that many existing products and solutions are based on outdated assumptions and compromises. Lütke encourages entrepreneurs to derive their ideas from first principles and to question the status quo, as this approach can lead to more innovative and effective solutions.
"builder um for other builders here's the most interesting question I think people uh can ask Builders it's like what is your energy source where like what are you where are you getting energy from I I..."
Tobi Lütke articulates a fundamental axiom in business: to achieve better results, one must do things differently. He asserts that simply replicating existing solutions will not lead to innovation or improvement. Lütke emphasizes the necessity of unique approaches in order to create world-class products and services, reinforcing the idea that differentiation is key to success.
"very quickly goes into the emotions actually there's a really so I watched the last dance like a the the Netflix special of uh like Michael Jordan a while ago of course but there was like one scene wh..."
Tobi Lütke emphasizes the importance of deriving product solutions from first principles rather than following existing paths. He argues that true innovation requires understanding the foundational building blocks available and warns against the pitfalls of simply replicating what others have done. This segment highlights how questioning the status quo can lead to better solutions and the necessity of approaching problems differently to achieve world-class results.
"that was not possible back van because we didn't have the right architecture for this but now it is so I think what you have to do is to actually have when you come up with a new product or you discus..."
In this segment, Tobi shares how Shopify was built by challenging the traditional e-commerce software models of the early 2000s. He discusses the vision of creating a platform that simplifies starting an online business, contrasting it with the complexities of existing solutions. Tobi illustrates how Shopify aimed to empower individuals to launch their businesses easily, showcasing the company's commitment to innovation and user experience.
"do the same thing it just it's like exatic not possible to do um it's like fails archimedian logic um yet it's something it's you would be amazed how many business plans are actually um failing ariman..."
Tobi reflects on how the COVID-19 pandemic forced Shopify to reevaluate its operational assumptions. He explains the shift from a physical office-centric model to a remote-first approach, emphasizing the need to adapt to changing circumstances. This segment highlights the importance of flexibility in leadership and the ability to pivot based on new information and societal changes.
"um also solving all the Enterprise cases because no one had to like enterprise software is uh overfit to the sales process um which is that um it wins the RPS because it has every feature ever or at l..."
In this segment, Tobi discusses the complexities of transitioning to a remote work environment. He shares insights on how Shopify's decision to go remote was influenced by the need to support small businesses during the pandemic. Tobi emphasizes the challenges of maintaining company culture and collaboration in a remote setting, while also recognizing the potential for greater talent acquisition across geographical boundaries.
"thing then figure out how to uh optimize it then automate it uh what I'm hearing so far and I'm curious if you've thought about this enough or and if not this feels like a really good blog post in the..."
Tobi elaborates on the necessity of continuously reevaluating decisions within a company. He explains how good choices can lead to complacency and how it's crucial to challenge existing strategies regularly. This segment underscores the importance of dynamic thinking in leadership and the need to adapt to new realities, especially in a rapidly changing business landscape.
"also easy for us to say cool we are going to be remote only forever like let's go um and um because we we we realized that the temporal shelter in place would cause a series of events that would make ..."
Tobi concludes this segment by discussing the long-term implications of remote work for Shopify. He reflects on the challenges and opportunities that come with building a remote-first company. Tobi shares his belief that while remote work presents difficulties, it also opens up new avenues for innovation and collaboration, ultimately shaping the future of work.
"making mistakes um or that the presence of a kind of downside of an idea ends up disqualifying the idea both those things are incorrect so um what you need to do then is uh so so like that was an over..."
Tobi Lütke introduces Loom, a tool that enhances communication by allowing users to record their screens, cameras, and voices. He emphasizes how Loom can streamline feedback processes, reduce the need for lengthy emails, and make meetings more productive, ultimately saving time and aligning teams.
"go this episode is brought to you by loom loom lets you record your screen your camera and your voice to share video messages easily record a loom and send it out with just a link to gather feedback a..."
Tobi shares his deep passion for coding, describing it as his 'happy place.' He reflects on his journey as a programmer since age 16 and how coding allows him to engage directly with the engineering team, fostering creativity and collaboration during hackathons.
"stack concept that you've touched on a couple times that I think but before we get there I want to kind of go in a different direction which I think is an interesting uh foundational element to your a..."
Tobi discusses the importance of first principles thinking in problem-solving. He explains how being hands-on with coding helps him understand the core issues at play, allowing for more effective decision-making and innovation within Shopify.
"with all these remarkable people who join us on Journey just like like building stuff it's like I mean I do my job so that that is the jobs that exist for other people that's the job I actually want t..."
Tobi emphasizes the value of disagreement in fostering innovation and trust within teams. He encourages open dialogue and debate, viewing differing opinions as opportunities to uncover foundational assumptions and improve decision-making processes.
"have I have like I mean I I have a view on my screen left of you is uh uh cursor right now um where um which is opened to a um a juniper notebook where I'm um working on some projection stuff um that ..."
Tobi reflects on the rarity of courage in the workplace, highlighting how he values team members who are willing to challenge ideas. He believes that fostering an environment where disagreement is welcomed leads to better outcomes and stronger trust among colleagues.
"I thought the story was important is and the reason I think your first principal approach works is you're you're actually in the engineering details similar to Elon if you think about it of just like ..."
Tobi discusses the necessity of being deeply involved in the details of product development. He explains how this hands-on approach allows him to make informed decisions and avoid pitfalls associated with sunk cost fallacy, ultimately leading to better strategic choices.
"conform to the sort of traditional view of what CEOs of public companies should be like or even should spend their time but I think I'm successful because I don't uh uh try to conform to anything othe..."
Tobi elaborates on the strategic decision to merge Shopify's codebase into a monorepo. He explains the implications of this choice for the company's growth and how it requires careful consideration and management to implement effectively.
"effort for so it's a kind of thing that actually is like something I'm I'm I'm uniquely positioned to be involved with because it's actually a business strategy thing as well it's like that's an inves..."
Tobi shares his approach to fostering trust through debate and open discussions. He believes that encouraging team members to voice their disagreements not only strengthens relationships but also leads to more robust decision-making processes.
"a main canes um uh School of um you know when the facts change I change my opinion what do you do sir it's like sounds like um a better OS to go by so it's awesome because I'm extracting more of these..."
Tobi reflects on the significance of courage in leadership and decision-making. He contrasts high intelligence with the rarity of courageous actions, emphasizing that true leadership involves making tough decisions and being open to change.
"okay this actually is a good sideway to something else that uh someone that you work with suggested ask you for Han your head of engineering asked them what's the best way to kind of get a glimpse int..."
Tobi discusses how disagreements often reveal unstated foundational assumptions that can lead to better understanding and decision-making. He highlights the importance of questioning these assumptions to improve the company's strategic direction.
"than than courage so so so I I like that I wish it wouldn't require that I this is why I try to be very inviting of it um so when someone disagrees with me I uh I I I tend to immediately stop and sayi..."
Tobi emphasizes the need to maximize the potential of team members by encouraging independent decision-making. He believes that empowering employees to make choices leads to a more cohesive and effective product development process.
"very good um so yeah like how to disagree I I you know I really like uh I really like debate I um will play de dev's Advocate um actively if everyone agrees on something and again especially if you ha..."
Tobi introduces the concept of a 100-year vision for Shopify, explaining how this long-term perspective shapes the company's strategic decisions. He discusses the importance of thinking backwards from this vision to guide current actions and initiatives.
"and um um uh and and and and millions and millions tin decisions so you're not hiring Engineers for the M primarily or like uh accountants you're hiring people who make excellent decisions um given th..."
Tobi Lütke shares his unique approach to fostering open dialogue and disagreement within his team. He discusses how expressing dissenting opinions can lead to valuable insights and innovation, likening this practice to a 'Tobi tornado' that encourages a culture of constructive conflict. This segment highlights the importance of creating an environment where team members feel safe to challenge ideas, ultimately leading to better decision-making.
"like that because otherwise this ends up being like just like taking way too long but give opportunity for everyone to change you know my mind over glance mind and so on like it's an excellent practic..."
In this segment, Tobi explains his philosophy of working backwards from a 100-year vision for Shopify. He emphasizes the importance of future casting and making decisions today that will benefit the company in the long run. Tobi discusses how this long-term perspective shapes the company's mission and influences product development, ensuring that Shopify remains focused on its core values and the entrepreneurial spirit.
"that you shared about building one product building towards One Vision this actually reminds me of something that came up basically every time I had someone from Shopify on which is this idea of a hun..."
Tobi reflects on the significance of entrepreneurship and Shopify's role in making it more accessible. He discusses the long-term impact of fostering an entrepreneurial culture and the importance of supporting individuals in their entrepreneurial journeys. This segment underscores Tobi's belief that entrepreneurship is a courageous act that should be celebrated, and he shares insights on how Shopify aims to normalize and encourage this mindset.
"want more of this we want um want people to be able to window shop for a place where they can be enormously successful because it just the place's set of beliefs just fits you like a glove and so um 1..."
Tobi discusses the value of long-term partnerships, using the collaboration between Shopify and Stripe as a prime example. He explains how both companies have benefited from a shared vision of success and the importance of cooperation over short-term gains. This segment highlights the strategic thinking required to build lasting relationships in business and the benefits of prioritizing long-term value creation.
"as a courageous act and a glorious act even but that's not true in most of the world in fact most of most people never encounter anyone who engages in doing that right like um it's not something peopl..."
In this segment, Tobi delves into the balance between tactical decisions and overarching strategic positioning in business. He likens company building to a game of chess, where both positional play and tactical maneuvers are essential. Tobi emphasizes the need for founders to focus on long-term positioning while also managing immediate tactical challenges, providing insights on how to navigate this duality effectively.
"but like man like if they just look at a marshmallow they just eat it right like so so Mo most CEOs most companies can't even success successfully do that and um just like engage in like this sort of ..."
Tobi discusses the concept of finite and infinite games in business, drawing from the book by James Carse. He explains how viewing business as an infinite game encourages a mindset focused on long-term growth and collaboration rather than short-term wins. This segment highlights the importance of understanding the broader implications of business decisions and the value of fostering a culture that prioritizes sustainable success.
"PowerPoint from investment bankers or so like it's like they they tell me I have enormous PR pricing power and I could like massively change in prices I'm like yeah but like I'd leave Shopify if that ..."
Tobi Lütke discusses the concept of infinite games as described in James Carse's book. He reflects on how the pursuit of non-quantifiable goals can align a company's mission with its founders, emphasizing the importance of focusing on long-term visions rather than short-term metrics. Lütke suggests that understanding these principles can lead to greater entrepreneurial success and innovation.
"mission of a company are in uh in in in alignment but they are again non-quantifiable things um they they are Pursuits um and um maybe at time Horizons that go past all of our term Horizon for our car..."
In this segment, Tobi Lütke highlights Shopify's role in empowering entrepreneurs and creating businesses. He argues that the company does not seek credit for its impact but instead focuses on enabling others to succeed. Lütke emphasizes the importance of fostering an environment where entrepreneurs can thrive, which ultimately leads to job creation and economic growth.
"which I think we need a Toby version of this book with the forward and uh I heard Simon simok wrote a book of a similar title I've actually never gotten around to read it but like I think he would be ..."
Tobi Lütke shares insights on the necessity of creating user-friendly software that reduces complexity for entrepreneurs. He believes that simplifying processes, such as tax management, can significantly enhance the entrepreneurial journey. Lütke argues that good UX design is not just a feature but a moral obligation to ensure that technology empowers rather than frustrates users.
"don't need be extrinsic appreciation for it I suppose um there's um uh millions millions millions of people um um that uh use shop by daily um and uh that's that that is represents the business and um..."
Lütke discusses how lowering the barriers to entry for entrepreneurs through intuitive software can lead to more successful businesses. He reflects on the emotional challenges faced by new entrepreneurs and how a seamless user experience can alleviate fears and encourage innovation. This segment underscores the importance of empathy in product design.
"definitely take off S side of um what we have determined is that every single time um we make a complex thing simpler it is actually that more businesses will exist on a platform so it's it's I I thin..."
In this segment, Tobi Lütke shares personal anecdotes about overcoming the fear of launching new ideas. He emphasizes the importance of courage in entrepreneurship and suggests that lowering the stakes can help individuals take the leap. Lütke draws parallels between launching a product and personal experiences, highlighting the need for supportive environments that foster experimentation.
"discourages people already which is not super helpful so now you have a situation where uh you know people are telling you to quit um potentially um um you are like you don't have a lot of money presu..."
Tobi Lütke reflects on how following one's curiosity can lead to unexpected opportunities and insights. He shares his journey of exploring diverse interests and how they have informed his decisions in business. This segment illustrates the value of curiosity in fostering creativity and innovation within the entrepreneurial landscape.
"that shouldn't exist anyway let stop in this way in fact it's actually and this is again what the data says so many businesses get very close to this point many many time I can tell you Shopify did ma..."
Lütke introduces the concept of the 'talent stack,' emphasizing the importance of leveraging unique skills and interests to create opportunities. He discusses how combining different talents can lead to innovative solutions and success in entrepreneurship. This segment encourages listeners to embrace their individuality and explore diverse interests as a pathway to growth.
"are overly complex like or shouldn't even be there it's just physically painful because I know like like it's like all these business that are like that that that were trying to get some like somewher..."
In this segment, Tobi Lütke draws parallels between his experiences and those of Brian Armstrong, co-founder of Coinbase. He highlights the importance of unique backgrounds and skill sets in shaping successful entrepreneurial journeys. Lütke emphasizes that understanding one's strengths can lead to significant breakthroughs in business.
"most profound insightful pieces of software I've encountered and as a connoisseur of good ideas I've never had this as a valuable thing it feels like an um a step function upgrade to the traditional A..."
Tobi Lütke shares his journey of following his curiosity in programming and the internet, emphasizing the importance of passion over profit. He discusses how his love for tinkering and learning led him to create value in retail through Shopify, illustrating the intersection of interests that fueled his entrepreneurial spirit.
"just like I follow my curiosity I I love programming and I loved computers and I loved the internet when it came along and I just like cool I'm gonna find a task that I find valuable which I sort of l..."
Lütke reflects on the significance of leveraging one's unique talent stack, drawing parallels with Brian Armstrong's success at Coinbase. He emphasizes the importance of identifying and cultivating a unique intersection of skills to achieve success in entrepreneurship, encouraging listeners to find their niche.
"like it's it's it's great fun great fun for me I don't know how much of a advice that is but maybe a proof point that that can work really well um I I I some this voo that like things like this end up..."
In this segment, Tobi discusses Kevin Kelly's concept of 'a thousand true fans' and how it applies to building products. He advocates for focusing on creating exceptional products for a dedicated audience rather than trying to appeal to everyone, highlighting the value of enthusiasm in marketing.
"at yeah yeah so this is what we very actively tell our customers right like there's a a 2005 essay by Kevin Kelly saying the like in the future on the internet you just need a thousand true fans um it..."
Lütke encourages individuals to view their careers through the lens of entrepreneurship, suggesting that everyone is essentially a product. He discusses the importance of self-value and the need to excel in one's unique skills, framing employment as a subscription service where individuals must demonstrate their worth.
"for your career too because by the way we are all entrepreneurs so the way to think about any career if you actually ask me for career advice is um we are products like we are engaged in entrepreneurs..."
Tobi emphasizes that the quality of any product reflects the passion of its creators. He discusses the role of product leaders in fostering a culture of care and empathy within teams, asserting that genuine enthusiasm leads to significantly better products.
"podcast conversation we can have I know you have to go run this n and 10,000 person company and do real work so I'm going to end it there we got through almost everything I was hoping to get through b..."
In this closing segment, Tobi explores the concept of 'founder mode' and its impact on company innovation. He argues that founder-led companies often maintain a creative edge due to their ability to inspire and protect their teams, fostering an environment conducive to long-term innovation.
"just kind of again it so much goes into this um unquantifiable conversation which we already had but boy is that important because it just isn't about the brief document like it isn't about the aligni..."