"this is the network State podcast and I'm here today with Toby lucky and kazden jadian the CEO and CEO of Shopify one of Canada's largest companies Shopify is internal economy is actually on the scale..."

"and so just like you know the scale of the Shopify economy there's millions of merchants billions of dollars built from scratch um their stats and your SEC filings or stats on your website millions of..."

"are maybe the experts and there's a question I've always wanted to ask is you know there's this concept of a so-called lifestyle business right where you know it's not really swinging for the fences y..."

"think by the way on the lifestyle thing uh, I, agree, with, you, by, the, way the lifestyle term is patronizing uh you know here is kind of a cut that I've seen before on like startup versus SMB uh we..."

"check but it's other Shopify Merchants that are funding it right because the way it works is Shopify which have paid us we take that money and put it back in the economy yeah well it's what's interest..."

"about the scale of Shopify economy we made the point that Shopify is on par with a small country you know stats you mentioned you have your Merchants have five million employees Shopify a 650k develop..."

"of interesting I I have a few actually remarks have one and let me jump to the next one um first on the attention point it's interesting you know lots of folks have talked, about this, Elan, has, talk..."

"Shopify store but a um a retail outlet offline what you're doing is essentially Arbitrage you are um guessing that uh the water bottles that you buy wholesale from the manufacturer you will be able to..."

"previous point that you made uh where you said actually that it was very boring the history of the corporation actually has I actually think all that stuff is very applied right now you know why why b..."

"said why is it that all founders at a certain point they all become like philosophers and they post stoic stuff and Marcus so all this type of stuff and I actually had an explanation for that which is..."

"just want to come back to for a second and, move, on, is, the, um the, part, about, the Arbitrage point and the community point they're actually kind of related where you know how much of selling is j..."

"actually a really good Insight that communication is risen and then necessarily average context has dropped and it's like if you ever have a tweet that starts going really viral it goes outside of tho..."

"basically the scale of Shopify economy we cover the point that you've built something literally on par within not so small country you know your gmv annualizes on probably like Greece or New Zealand's..."

"closer to a real world than most than much of the technology World honestly because we deal with this very real thing it's Commerce inventory yeah inventory and shipments and like this is like a real ..."

"thing that's kind of related to sort of managing an economy level thing is you've you've had a great balance of the centralized and decentralized now often these are just just to kind of motivate the ..."

"know we've basically talked about how you guys have managed and built something that is on the scale of a small country economically um what if you could start a new country a small country right um y..."

"you're good at joining out one-on-ones you should just put you in a career's page it's perfect I I I definitely want to talk to you guys about Shopify Trends a very interested that okay guys I think w..."