Lütke: Staying private sequesters growth gains to accredited investors
Tobi Lütke · Tobi Lütke: 21 Years of Building Shopify · Jan 18, 2026 · at 1:29:28
Shopify founder and CEO Tobi Lütke explains why staying private harms public market retail investors by concentrating upside with institutional investors.
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“All these accredited investors accredited investor laws and stuff like this all they do is, like, make it so that Like, when you're rich, you can invest in private company stock. And when you're not, you can't. And, well, where are the returns? Like, of course, this is such a fucking conspiracy to keep everyone private because that just, like, Sequesters all the growth exposure to institutional and investors and people who are already accredited.”
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