Shopify

includes Shopify Sidekick, Shopify Basics

13 statements across 6 episodes · 2 bullish · 4 bearish · 5 people on the record · first statement Jun 25, 2021 by David Friedberg · said 96 times in 38 episodes since 2020 · across every show →

Mentions by year, the whole family

brought up most by Chamath Palihapitiya (30), Jason Calacanis (21), Tobi Lütke (17), David Friedberg (11), David Sacks (5), Keith Rabois (4), Thomas Laffont (2), Ryan Petersen (2)

tap a year for its mentions
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0034682020202120222023202420252026episodesmentions per episode
2026 6 mentions in 5 episodes 1 per episode
2025 6 mentions in 5 episodes 1 per episode
2024 10 mentions in 5 episodes 2 per episode
2023 40 mentions in 7 episodes 6 per episode
2022 11 mentions in 8 episodes 1 per episode
2021 22 mentions in 7 episodes 3 per episode
2020 1 mention in 1 episode

every mention, scene by scene, with the transcript →

Everything said about Shopify, oldest first

Jun 25, 2021 bearish
Prediction Not checkable as stated
Friedberg predicts Shopify, Square, and Stripe will disrupt Apple and Amazon
“I think that over the next decade, because of exactly what you guys said, that Apple is run by managers who don't want to see loss, but aren't driven to gain, you're going to end up seeing Amazon in particular, and Apple likely as well, Lose to the likes of Sh…”
David Friedberg Jun 25, 2021 ▶ 1:12:24 E37: NYC rejects far-left candidates, new developments in lab leak theory, App Store breakup & more
Aug 6, 2021
Assertion Contradicted
Chamath claims Shopify pays Stripe approximately $350 million annually
“If you look inside the P and L of Shopify, an enormous line item now about three hundred and fifty million bucks a year is what they're paying to stripe.”
Chamath Palihapitiya Aug 6, 2021 ▶ 1:19:05 E43: Innovative venture strategies, Zymergen's implosion, Square acquires Afterpay & more
Jul 29, 2022 negative
Assertion Supported
Calacanis: Shopify laid off 10% of workforce, around 1,000 people
“Shopify just laid off 10% of its workforce, about a thousand people on Tuesday.”
Jason Calacanis Jul 29, 2022 ▶ 19:17 E89: GDP growth negative in Q2, $SHOP layoffs, Alzheimer's fraud, Ginkgo acquires Zymergen & more
Sep 13, 2023 negative
Disclosure
Tobi Lütke rules out launching private-label 'Shopify Basics' products
“Yeah, so, now, I mean, I don't wanna do Shopify Basics or something like this. That would be totally a side quest for us, and I'm big on main quest, so I wanna keep things.”
Tobi Lütke Sep 13, 2023 ▶ 10:26 All-In Summit: Tobi Lutke on consumer spending, teams, Amazon, AI, and more
Sep 13, 2023
Assertion Supported
Lütke: Shopify has processed $500B in cumulative lifetime transactions
“About half a trillion dollar has been transacted through Shopify in its lifetime”
Tobi Lütke Sep 13, 2023 ▶ 2:25 All-In Summit: Tobi Lutke on consumer spending, teams, Amazon, AI, and more
Sep 13, 2023
Insight
Lütke: Shopify inventory represents discretionary consumer wants, not necessities
“Fundamentally, the products sold on Shopify are not are the products people want, not the products people need.”
Tobi Lütke Sep 13, 2023 ▶ 2:35 All-In Summit: Tobi Lutke on consumer spending, teams, Amazon, AI, and more
Sep 13, 2023
Insight
Lütke: Economic downturns cause consumers to shift down one quality tier
“Fundamentally what people do is they, in most categories they shift one quality level downwards.”
Tobi Lütke Sep 13, 2023 ▶ 3:27 All-In Summit: Tobi Lutke on consumer spending, teams, Amazon, AI, and more
Sep 13, 2023
Disclosure
Lütke: Shopify randomly deletes all recurring meetings every 18 months
“Once every couple, year and a half or so, we randomly delete all recurring meetings.”
Tobi Lütke Sep 13, 2023 ▶ 30:04 All-In Summit: Tobi Lutke on consumer spending, teams, Amazon, AI, and more
Sep 13, 2023 positive
Assertion Not checkable as stated
Lütke: 85% of successful founders had access to 24-hour text mentorship
“We survey people that, like, successful stores tend to, like, I think with 85% answer that you had someone who would return a text in 24 hours with a question about starting a business. It's massive predictor of success.”
Tobi Lütke Sep 13, 2023 ▶ 25:28 All-In Summit: Tobi Lutke on consumer spending, teams, Amazon, AI, and more
Sep 13, 2023 neutral
Assertion Not checkable as stated
Lütke: Shopify supports 86 payment gateways and I wrote 42 myself
“Shopify supports 86 different payment gateways. I wrote 42 of integrations myself.”
Tobi Lütke Sep 13, 2023 ▶ 14:18 All-In Summit: Tobi Lutke on consumer spending, teams, Amazon, AI, and more
Sep 13, 2023 neutral
Disclosure
Lütke: Shopify will support any legal merchant regardless of political views
“As long as they do something legal, we support them. And in fact, we are just pushing them from behind via tool. Like, your screwdriver is not going to tell you that you can't screw in something into a wall because you're a Republican voter.”
Tobi Lütke Sep 13, 2023 ▶ 8:49 All-In Summit: Tobi Lutke on consumer spending, teams, Amazon, AI, and more
Sep 22, 2023 negative
Assertion Partly supported
Sacks: 70% of Klaviyo's business depends on Shopify
“The only vulnerability or negative, I think, about Clavio's business is the fact that 70% of it is on Shopify.”
David Sacks Sep 22, 2023 ▶ 59:14 E146: Did the Fed break the VC model? Plus IPOs, M&A, revaluing unicorns & more
Nov 11, 2023 positive
Assertion Partly supported
Palihapitiya: Shopify developers have written over 1M lines of code with Copilot
“Shopify has written more than a million lines of code with Copilot already.”
Chamath Palihapitiya Nov 11, 2023 ▶ 1:33:04 Jared Kushner: Israel-Hamas War, paths forward, macro picture, AI
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