The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 13 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
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.”
Lütke: Only company founders exercise subtractive management
“It seems to me that it's only founders who subtract in companies.”
Lütke: Crypto payment rails will soon become popular again
“We're not so cool on this right now, but soon we are gonna be cool again, because this is the way humanity works, and then we get to build, and there's some really, really good technology underneath it all, which is quite ready.”
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.”
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.”
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.”
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.”
Lütke: Reducing friction drives entrepreneurship more than passing laws or policies
“Friction shapes the world so much more than, like, what laws, or what policies is anyone gonna pass to cause more entrepreneurship?”
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 endorses founder-led companies and Ryan Petersen's Flexport return
“I'm super pro-founders running their companies. I think that's, so this is why I'm celebrating, ah, celebrating that Ryan is coming back, and also Ryan is totally fucking awesome, so .”
Lütke: Amazon Prime is probably a better brand than Amazon in some cases
“Prime is a credible brand. It's probably a better brand than Amazon in some cases.”