Shopify, every mention

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every year anyone Harry Stebbings 336Jason Lemkin 110Kaz Nejatian 86Harley Finkelstein 60Glen Coates 27Carl Rivera 22Jean-Michel Lemieux 21Tobi Lütke 17Tobi Lütke 14Rory O'Driscoll 14

Verbatim, from the transcripts: the passages where Shopify comes up

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20VC: The $BN Greenoaks Backed Protein Bar | Hitting $100M Revenues in David's First Year: Lessons & Mistakes | $0 to $600M: The Untold RXBAR Story | Product-Market-Fit, Pricing, Branding: What Every Founder Gets Wrong Today with Peter Rahal Aug 8, 2025 · 2 mentions

  • ▶ 10:06 Peter Rahal So we did direct B to B, CrossFit gyms, other gyms, and then, um, direct to consumer through Shopify or Shopify store. 2 times in the scene

Figma's 250% Pop - The Greatest IPO Mispricing Ever? Meta & Microsoft Blowout Quarters: Broken Down · 20VC with Harry Stebbings Aug 7, 2025 · 3 mentions

  • ▶ 48:30 Brian Halligan And one of the interesting thing about HubSpot SMB, the other SMB company that's done amazing, even better than HubSpot is Shopify, and they're both outside of consensus land in Silicon Valley. 2 times in the scene
  • ▶ 1:01:11 Brian Halligan Shopify.

Why Apple Needs a Management Overhaul & Why Google is Catching Up with Hyperscalers · 20VC with Harry Stebbings Jul 31, 2025 · 2 mentions

  • ▶ 29:34 Jason Lemkin And, and I remember, and I didn't get it, you know, maybe a month or two ago, Farhan, one of the CTOs, I think the CTO of Shopify, let 2 times in the scene

How Do All Providers Deal with Anthropic Dependency Risk & Figma IPO Breakdown: Where Does it Price? · 20VC with Harry Stebbings Jul 24, 2025 · 4 mentions

Surge CEO & Co-Founder, Edwin Chen: Scaling to $1BN+ in Revenue with NO Funding · 20VC with Harry Stebbings Jul 21, 2025 · 1 mention

  • ▶ 5:58 Harry Stebbings Can I ask you, in terms of meeting cadence, I'm sorry for being granular and I told you we go off schedule, but I've had Toby on the show in the past who, from Shopify, who's obviously advocated for no meetings.

Daniel Gross and Nat Friedman: Acquired by Meta | Microsoft Layoff 9000 People | OpenAI's Bombshell · 20VC with Harry Stebbings Jul 10, 2025 · 2 mentions

  • ▶ 34:21 unnamed speaker It took Shopify. 2 times in the scene

Elon’s Empire: SpaceX, Tesla, Neuralink After the Storm & Anduril’s $2.6BN Power Move · 20VC with Harry Stebbings Jun 12, 2025 · 1 mention

  • ▶ 56:06 Jason Lemkin I think- I can just tell you, I just look at my portfolio, when I look at Gorgias, which is, which dominates Shopify for the contact center, right?

20Sales: From $2M ARR to $40M ARR: The Playbook | How to Use AI To Supercharge Your Sales Team | Why Pipeline Reviews are BS | The Sales Call Script that Closes 99% of Prospects and How to Hire the Best Sales Reps with Kyle Norton, CRO @ Owner May 30, 2025 · 8 mentions

  • ▶ 0:29 Harry Stebbings Before Owner, Carl led sales at Shopify, where he helped architect one of the most operationally elite GTM orgs in SaaS, and Carl is really known for turning sales orgs into machines.
  • ▶ 3:43 Harry Stebbings I think we're shaped a lot by our experiences, and you were obviously at Shopify before. 3 times in the scene
  • ▶ 48:06 Kyle Norton Yeah, Mark and I worked together very closely at Shopify.
  • ▶ 1:14:41 Kyle Norton The only reason I left Shopify 3 times in the scene

20VC: ElevenLabs Head of Growth on Why You Do Not Need PMs | The 7-Part Launch Playbook That Gets 700K+ Views Per Product | The Truth About CAC, Payback & Performance Marketing in AI with Luke Harries May 23, 2025 · 1 mention

  • ▶ 15:11 Luke Harries So we have a head of performance marketing who used to lead performance marketing for Shopify.

OpenAI, SBF & Perplexity: What VCs Know That You Don’t · 20VC with Harry Stebbings May 15, 2025 · 1 mention

  • ▶ 40:13 Jason Lemkin I think Toby at Shopify kind of implied that too, that everyone's job is at risk.

Benchmark vs a16z: Why Stage Specific Firms Win · 20VC with Harry Stebbings May 8, 2025 · 1 mention

20Sales: Sierra: Inside Silicon Valley's Fastest Growing Sales Machine & How to Prospect, Outbound and Close Enterprise Deals in AI May 2, 2025 · 2 mentions

  • ▶ 2:25 Harry Stebbings That's why go-to-market teams at LinkedIn, Snowflake, ADP, NASDAQ, Shopify, such incredible companies, and thousands others trust Gong.
  • ▶ 1:06:47 Harry Stebbings That's why go-to-market teams at LinkedIn, Snowflake, ADP, NASDAQ, Shopify, such incredible companies, and thousands others trust Gong.

How LP Deployment to Venture Will Change in 2025 & Are Endowment Funds in Trouble? · 20VC with Harry Stebbings Apr 24, 2025 · 2 mentions

  • ▶ 1:24:57 Jason Lemkin Even if they have a Shopify, only 25% of the revenue is big brands, right? 2 times in the scene

20Product: How Scale AI and Harvey Build Product | Why PMs Are Wrong: They are not the CEOs of the Product | How to do Pre and Post Mortems Effectively and How to Nail PRDs | The Future of Product Management in a World of AI with Aatish Nayak Apr 11, 2025 · 1 mention

20Sales: How the Best Sales Teams Use AI to Win Enterprise Deals | Sales Teams Will Be Dramatically Smaller | How to Ramps Sales Reps Way Faster | Why Unpaid Design Partners are BS | Why this Generation of Sales is Soft with Ishan Mukherjee @ Rox Apr 4, 2025 · 2 mentions

  • ▶ 3:09 Harry Stebbings That's why go-to-market teams at LinkedIn, Snowflake, ADP, NASDAQ, Shopify,
  • ▶ 1:08:54 Harry Stebbings That's why go-to-market teams at LinkedIn, Snowflake, ADP, NASDAQ, Shopify, such incredible companies, and thousands others trust Gong.

20VC: The Daily Deal: Coreweave IPO | Scale Hits $25BN on $2BN EOY Revenue | Sequoia's 25x Return on Wiz | Tech Stocks Tank with Tariffs | Cursor: Defensible or Dangerous Example of Lost Moats in Tech Apr 3, 2025 · 1 mention

  • ▶ 12:27 Jason Lemkin It's just, I mean, I'm being a little, it just, you know, when I started, um, uh, you know, outcomes were smaller, you know, uh, Shopify, HubSpot, all IPO did a billion, right?

Mitchell Green, Founder @ Lead Edge Capital: Why Traditional VC is Broken · 20VC with Harry Stebbings Mar 26, 2025 · 4 mentions

  • ▶ 28:50 Harry Stebbings Bassema sold their Shopify position at IPO, lost billions. 2 times in the scene
  • ▶ 1:05:01 Harry Stebbings Because I struggle with that statement, too, because I have so many great entrepreneurs in here, from the founders of UiPath, and the founders of Klaviyo, and, like, go on and on and on at Toby at Shopify, which gives me, dude, I have,… 2 times in the scene

20Product: How to Design and Build Products in a World of Agents | Why AI Will Kill Many SaaS Products | What Products Will Thrive and Die in a World of 100M Developers with Matt Biilmann, Co-Founder and CEO @ Netlify Mar 14, 2025 · 1 mention

  • ▶ 23:23 Harry Stebbings The truth is Shopify, Webflow, Squarespace, me and you both know, my mother can't build on them.

Anton Osika, Co-Founder and CEO @ Lovable: Hitting 85% Day 30 Retention - Better than ChatGPT · 20VC with Harry Stebbings Mar 5, 2025 · 6 mentions

  • ▶ 39:54 Harry Stebbings When you look at Shopify, what do you learn from them blazing a trail in the way they have done as efficiently as they have done? 6 times in the scene

Eran Zinman, Co-Founder & Co-CEO @Monday.com: Going Upmarket, International and Multi-Product |E1247 · 20VC with Harry Stebbings Jan 17, 2025 · 1 mention

Victor Riparbelli, CEO @Synthesia: OpenAI vs Anthropic vs X.ai - Who Wins and Why | E1246 · 20VC with Harry Stebbings Jan 15, 2025 · 1 mention

Dan Gill, CPO @Carvana: The Most Wild Story in Public Markets | E1243 · 20VC with Harry Stebbings Jan 8, 2025 · 3 mentions

  • ▶ 48:37 Harry Stebbings You know, I still look at like Shopify and Stripe and Shopify, I mean, the Stripe's partnership is incredible, but why Shopify has never vertically integrated Stripe? 3 times in the scene

Mike Maples: Three Frameworks to Evaluate Startups and Founders | E1242 · 20VC with Harry Stebbings Jan 6, 2025 · 1 mention

  • ▶ 31:50 Harry Stebbings And if you look at Bessemer selling all of their Shopify stake at whatever it was, two to three.

Jason Citron, Co-Founder/CEO @Discord: The Untold Story Behind Scaling to 200M Users | E1230 · 20VC with Harry Stebbings Nov 25, 2024 · 1 mention

Raman Malik: Inside Perplexity’s Growth Machine: What Worked, What Did Not Work | E1226 · 20VC with Harry Stebbings Nov 15, 2024 · 3 mentions

  • ▶ 27:01 Harry Stebbings So I, I quite like doing this game, which is, I did this with, um, Glenn Coates, a VP of product at Shopify, and I basically went onto Shopify's, uh, website when we were doing the show, and then I tore it apart, uh, literally, very… 3 times in the scene

Mamoon Hamid: AI - Where Value Accrues, Startups vs Incumbents & Scaling Laws | E1217 · 20VC with Harry Stebbings Oct 21, 2024 · 1 mention

David Frankel, MP @Founder Collective: Investing Lessons from Seeding Coupang, Pillpack & Suno|E1214 · 20VC with Harry Stebbings Oct 14, 2024 · 1 mention

  • ▶ 56:48 Harry Stebbings Because every memo for big companies, whether it's Snap, or whether it's Procore, or whether it's Shopify, every great company, you underestimate the size of your winners.

Eoghan McCabe, CEO @Intercom: Freedom of Speech, Censorship and Government Control | E1213 · 20VC with Harry Stebbings Oct 11, 2024 · 1 mention

  • ▶ 17:05 Eoghan McCabe Um, you certainly have seen so much web designer work, um, disrupted by Wix and Squarespace and Shopify and all of these tools and technologies and frameworks, but actually these people were never put out of work.

Jeff Wang: Sequoia Capital's $9BN Global Equities Fund on The Future for NVIDIA, Google & Meta|E1212 · 20VC with Harry Stebbings Oct 9, 2024 · 10 mentions

  • ▶ 8:47 Jeff Wang So Shopify is, uh, has been one of our biggest winners. 5 times in the scene
  • ▶ 15:22 Jeff Wang We own, for example, Shopify was not a Sequoia portfolio company.
  • ▶ 17:55 Jeff Wang I mentioned the Shopify example where Shopify, you know, from the 2022 price is still back to, I think about halfway to the peak, right?
  • ▶ 27:55 Harry Stebbings Bet on Shopify. 2 times in the scene
  • ▶ 1:02:24 Jeff Wang I recall flying out to Ottawa to meet, uh, Toby at Shopify with him.

Bret Taylor: Why Pre-Training is for Morons & Companies Will Build Their Own Software | E1209 · 20VC with Harry Stebbings Oct 2, 2024 · 2 mentions

  • ▶ 1:09:49 Bret Taylor I work with her at Shopify, and she's also in the board of OpenAI, and one of those folks who's an operator who knows also how to be an effective board member and a remarkable intellect. 2 times in the scene

Mike Hudack: How Facebook, Monzo and Deliveroo Build Great Products | E1201 · 20VC with Harry Stebbings Sep 13, 2024 · 1 mention

Scott Gorlick: How Uber Acquired 1M Drivers & The Uber’s Expansion Playbook | E1196 · 20VC with Harry Stebbings Aug 30, 2024 · 1 mention

Imran Khan: Why the IPO Market is Not Closed & Lessons From Taking Snap & Alibaba Public | E1194 · 20VC with Harry Stebbings Aug 26, 2024 · 1 mention

  • ▶ 11:24 Harry Stebbings I think people always, always, always forget, also, Shopify went public at seven hundred million.

Kaz Nejatian: How Shopify Built a $90BN Business to Last 100 Years | E1189 · 20VC with Harry Stebbings Aug 14, 2024 · 103 mentions

  • ▶ 0:00 Kaz Nejatian Say the job of PM at Shopify is to build the right thing the right way at the right time.
  • ▶ 1:14 Kaz Nejatian I work a lot with both Keith and Max as partners, because they both are in the Shopify ecosystem.
  • ▶ 2:15 Kaz Nejatian I think I have written a note internally to our product managers about this at Shopify.
  • ▶ 3:40 Kaz Nejatian That's true of like, I mean, I'm not super happy with past versions of Shopify that we have shipped, but that's different.
  • ▶ 5:29 Kaz Nejatian Like, let's, let's, I mean, let's look at Shopify. 2 times in the scene
  • ▶ 6:53 Kaz Nejatian The first is, um, Toby has ingrained in the company a prioritization order that is very, um, meaningful to Shopify. 5 times in the scene
  • ▶ 10:59 Kaz Nejatian At Shopify, we've built software that imagines a company and runs continuously.
  • ▶ 12:15 Kaz Nejatian I think everyone who comes to Shopify, their first instinct is, what the heck?
  • ▶ 12:47 Kaz Nejatian Shopify is a remote company. 3 times in the scene
  • ▶ 14:12 Harry Stebbings And I was listening to you speak before, and you said about a learner's mindset being core to Shopify is kind of culture and one of your core values. 2 times in the scene
  • ▶ 17:59 Harry Stebbings Kaz, can I ask, what about the way or the type of people that Shopify hires would you like to change? 7 times in the scene
  • ▶ 26:33 Kaz Nejatian If the user is not better off, it's because we say the job of PM at Shopify is to build the right thing the right way at the right time.
  • ▶ 28:44 Kaz Nejatian In fact, we have this thing in Shopify where we calculate the cost of every meeting and put it in the meeting invite. 3 times in the scene
  • ▶ 30:41 Kaz Nejatian The reason it works for Shopify is because we have spent so much time and so much effort building systems and tools and software to make this work. 6 times in the scene
  • ▶ 32:03 Kaz Nejatian Like, Shopify has two core values that are different than most companies, and I know this is like a, but I think they're actually also embodiment of Toby, our founder, who, like, is very much like this. 8 times in the scene
  • ▶ 34:01 Harry Stebbings What change did Shopify find hardest, and what did you learn from that? 10 times in the scene
  • ▶ 37:20 Kaz Nejatian I think Shopify is insanely difficult to model for analysts. 10 times in the scene
  • ▶ 39:15 Kaz Nejatian So I was here at Shopify. 14 times in the scene
  • ▶ 42:58 Kaz Nejatian Shopify, this is actually real. 13 times in the scene
  • ▶ 45:41 Kaz Nejatian And I think Shopify and Stripe, Shopify and Affirm, Shopify and Meta, Shopify and Google, Shopify and Apple, like, these are incredibly powerful partnerships. 6 times in the scene
  • ▶ 47:46 Harry Stebbings What is the most underappreciated element of Shopify's product roadmap vision today? 5 times in the scene
  • ▶ 50:59 Kaz Nejatian It's true even at Shopify sometimes. 2 times in the scene

Dax Dasilva: $900M ARR at $2.6BN Market Cap?! Lightspeed, The Most Undervalued Public Company |E1188 · 20VC with Harry Stebbings Aug 9, 2024 · 3 mentions

Alexis Ohanian: The Full P&L Breakdown of the World's Most Valuable Women's Sports Team | E1187 · 20VC with Harry Stebbings Aug 7, 2024 · 1 mention

  • ▶ 31:57 Alexis Ohanian And, but I was the CEO, so at the end of the day, I won, and I put up, and this is before, this is 2005, so it was like a janky, like PayPal integration, I don't, Shopify didn't exist, or I didn't know about it,

Jason Lemkin: Crowdstrike, WTF Happens From Here? Wiz Rejects Google’s $23BN Acquisition Offer|E1181 · 20VC with Harry Stebbings Jul 24, 2024 · 4 mentions

  • ▶ 36:44 Jason Lemkin FinTech's going through some tough times right now because of low margins and fraud and other issues, but when you combine payments and software just right, like a Shopify, man, it's powerful. 2 times in the scene
  • ▶ 43:12 Jason Lemkin But they're very specialized on Shopify. 2 times in the scene

Kevin Hartz: "How I Lost Airbnb at Seed Because of an Exploding Term Sheet" | E1180 · 20VC with Harry Stebbings Jul 22, 2024 · 1 mention

Pedro Franceschi: What Brex Needs to do to be a Public Company | E1178 · 20VC with Harry Stebbings Jul 17, 2024 · 1 mention

  • ▶ 8:30 Harry Stebbings I find the greatest entrepreneurs always make money early, whether it's Daniel Ek making websites or Toby with Shopify, the best start early.

Ara Mahdessian: ServiceTitan Would Not Be the Success if We Raised VC Earlier | E1175 · 20VC with Harry Stebbings Jul 10, 2024 · 2 mentions

  • ▶ 5:56 Ara Mahdessian Bessemer was also an investor in Toast, in Shopify, all these great companies that we were trying to mimic their journey.
  • ▶ 48:25 Ara Mahdessian You know, for example, Tui, or Toby at Shopify, or, you know, Chris from Toast, who are so relevant to what we do in vertical sass, but then, of course, you know, like, people like Satya, et cetera, who I could learn so much from.

Andrew Bialecki: Is Klaviyo the Most Under-Priced Public Company? | E1170 · 20VC with Harry Stebbings Jun 26, 2024 · 18 mentions

  • ▶ 29:35 Harry Stebbings I spoke to some brilliant friends and they, they gave me some insider tips and they said a big needle mover for the company was when MailChimp was kicked out of the Shopify ecosystem and you'd kind of hung around the hoop long enough and… 4 times in the scene
  • ▶ 32:50 Harry Stebbings I'm getting an angry email from Toby and the Collisons, but one of his big regrets was actually letting Stripe into the Shopify ecosystem and not be more dominant in controlling a relationship there. 6 times in the scene
  • ▶ 35:46 Harry Stebbings Their customers love it and love being on Shopify with that. 2 times in the scene
  • ▶ 1:03:41 Harry Stebbings Why do you think Shopify won where so many others didn't? 6 times in the scene

Michael Eisenberg: How China Could Overtake the US in the AI Race | E1167 · 20VC with Harry Stebbings Jun 19, 2024 · 1 mention

Jason Lemkin: PluralSight S*** the Bed & The Next IPO Candidates | E1160 · 20VC with Harry Stebbings Jun 3, 2024 · 2 mentions

Matt Lerner: How to Hire Growth Leaders and Teams and Why in a World of AI | E1159 · 20VC with Harry Stebbings May 31, 2024 · 1 mention

  • ▶ 29:56 Matt Lerner And the reason I'm gonna do that is because your previous guests, eminent as they are, worked for companies like Shopify and HubSpot and Segment, and they have gazillions of dollars, and they have huge budgets, and they have brand appeal.

Jason Lemkin: Why Pricing is Worse Than Ever and There is More Funding Than Ever | E1157 · 20VC with Harry Stebbings May 27, 2024 · 4 mentions

  • ▶ 1:13:41 Jason Lemkin Shopify ecosystem, you're like, what the heck's Klaviyo, they IPO'd? 4 times in the scene

Aaron Levie: How the Business Model of SaaS Changes Forever & Startups vs Incumbents:Who Wins?|E1155 · 20VC with Harry Stebbings May 22, 2024 · 3 mentions

  • ▶ 43:27 Aaron Levie Um, and he sells balloons online and, um, and I don't think he would have started the business if Shopify didn't exist. 3 times in the scene

Jiaona Zhang: Why All Product Teams Should Have a Scorecard & How to Use It | E1154 · 20VC with Harry Stebbings May 17, 2024 · 2 mentions

  • ▶ 48:47 Harry Stebbings Like, Webflow is a bit like Shopify.
  • ▶ 52:22 Jiaona Zhang If we get to a world where it's like, hey, there is repeat usage, like, like, creators are actively, like, there's no more, like, go from your Instagram to your link tree to your LTK or to your Shopify.

Vickie Peng: Why the Best Product People Actually Build Less Product? | E1141 · 20VC with Harry Stebbings Apr 17, 2024 · 1 mention

  • ▶ 43:40 unnamed speaker So many founders that we see are going after, like, Shopify, or like, I mean, or Stripe in some way, and I'm like, unbundling Stripe and going up against the Collison's

Kevin Ryan: Are the Best CEOs the Best Fundraisers & Why Ownership Should Not Be a Focus in VC|E1138 · 20VC with Harry Stebbings Apr 10, 2024 · 1 mention

Mario Schlosser: "How to Deal with a 94% Decline in Market Cap" | E1136 · 20VC with Harry Stebbings Apr 5, 2024 · 2 mentions

  • ▶ 12:27 Harry Stebbings I find it hilarious the amount of people who want to go up against the Collison's or Toby at Shopify. 2 times in the scene

Trae Stephens: Why No Company is Successful Because of their VC | E1135 · 20VC with Harry Stebbings Apr 3, 2024 · 1 mention

  • ▶ 34:38 Harry Stebbings You know, if you look at all of Basima's memos, Shopify, I think they put it a two billion dollar company.

Billy Hult: 27 Years of Compounding Growth Leading to the Market Leader with $1.4BN in Revenue|E1134 · 20VC with Harry Stebbings Mar 29, 2024 · 1 mention

  • ▶ 20:42 Harry Stebbings And with Stripe, with Shopify, with the Silicon Valley names, do the best software engineers want to go to trade web?

Jean-Michel Lemieux: Three Product Decisions Every Team Needs to Make | E1129 · 20VC with Harry Stebbings Mar 20, 2024 · 17 mentions

  • ▶ 0:00 Jean-Michel Lemieux Shopify will ship on quality.
  • ▶ 3:31 Harry Stebbings And it led to like key, key leadership roles at Shopify, at Atlassian, which is obviously how you're so close to Harley and, um, Scott.
  • ▶ 3:44 Harry Stebbings How did, if you were to one takeaway from each on how it impacted your mindset, Shopify and Atlassian, what would it be Jean-Michel? 6 times in the scene
  • ▶ 7:32 Jean-Michel Lemieux And I think the, the, the non-overlapping I saw the most from, from the inside was, um, Shopify will ship on quality. 3 times in the scene
  • ▶ 11:11 Jean-Michel Lemieux So I, you know, I did the shop fight lasting thing, hyperscale, and I've, I've done the one to N a lot, right?
  • ▶ 15:40 Jean-Michel Lemieux And that's the exact same measure I had at Shopify, by the way.
  • ▶ 16:58 Jean-Michel Lemieux Right, like there's, there's a thing there, like there's a way I should be working that's going to be better, that's going to bring something out of me, and what I realized a lot of, you know, and, and a lot of this came out of like some… 2 times in the scene
  • ▶ 21:09 Jean-Michel Lemieux If you look at, I believe, I believe Toby at Shopify is implementing this exact same thing. 2 times in the scene
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