Top 63 Quotes & Sayings by Tobias Lutke

Explore popular quotes and sayings by a Canadian businessman Tobias Lutke.
Last updated on November 8, 2024.
Tobias Lutke

Tobias "Tobi" Lütke is the billionaire founder and CEO of Shopify, an e-commerce company based in Ottawa, Ontario, Canada. He has been part of the core team of the Ruby on Rails framework and has created open source libraries such as Active Merchant.

Being a start-up has nothing to do with the numbers. It's that everyone who works there has the chance to do everything and have an impact.
I never went to university.
I got my first computer at the age of 6. To me, it was magic. By the time I was 12, I wanted to know the secrets behind the wizardry, and that started my journey toward computer programming. This was the early 1990s, when computers weren't built for the mass market.
It's not a principle unless it costs you something. — © Tobias Lutke
It's not a principle unless it costs you something.
Being part of something that's growing fast is better than being part of something that isn't growing fast because opportunities are essentially everywhere, and you're not competing for something.
Once you've made peace with the fact that you're hardly ever going to work on anything that you're actually good at, the only thing that you can do is get good very fast on everything you have to do.
All of us in Canada have to be better at making a dollar count, because we have fewer dollars.
I find the strongest predictor of people who do well at Shopify is whether they see opportunity as something to compete for, or do they see opportunity as essentially everywhere and unlimited? It's a rough proxy for pessimism and optimism.
You really want a company that's full of people from all these different backgrounds and then allow them to be creative as possible, come together, and come up with great ideas.
A lot of the best technologists live and work in Canada, and every once in a while, they are aggregated by a Canadian company, and then suddenly, they're not anymore. But the people are still here - they're just working for American companies to the benefit of American bottom lines.
Growing up, I spent my time doing useless stuff looking at computers.
At Shopify, we are trying to make things as simple as possible, but for the business owner, it's not unlike starting your own little shop along Main Street somewhere.
No one benefits from us not taking credit for our successes. There is no virtue in allowing kudos to go unclaimed or elsewhere.
I care about working on interesting problems, and Shopify is this gift that keeps on giving for working on interesting problems with amazing people.
It's this concept of 'just fill up a building of smart people.' It sounds so basic, but honestly it might just be the secret behind Shopify's success. We just do that and get out of the way.
One of the most important tasks as a leader in a startup is to pick the right metric to track. This is often referred to as the 'compass metric' because it will be your compass for growth. It's important to note that 'compass metrics' will likely change over the lifetime of a business.
We are at our best when we are at our proudest. Canadians need to harness that confidence in every arena, not just the ice rink. The Maple Leaf stands for quality, thoughtfulness, and innovation, so let's brand it proudly on the things that we've invented, created, and figured out.
When the market turns down, a lot of people lose jobs... and that's the time people become entrepreneurs. Downturns end up being the best times to start companies.
Our mantra has been, 'We will not buy a company unless we think the people that make up the company have a better job the day after the acquisition than before.' — © Tobias Lutke
Our mantra has been, 'We will not buy a company unless we think the people that make up the company have a better job the day after the acquisition than before.'
It took about 10 years' time for Shopify to be an overnight success.
You have to put more of a well-rounded company together to make it in Canada, and I hope the Canadian market is going to be known for these well-performing, solid companies that people can rely on.
I always loved retail. I love the ideas behind it. I think small-business retail is one of the areas where capitalism works so wonderfully well.
Computers add convenience to our everyday lives, but we are limited in what we can do with technology others have imagined. The ability for humans to teach machines entirely new things - coding - is nothing short of a superpower.
I'm always trying to think of ways to make something more efficient. If I have to do something once, that's fine. If I have to do it twice, I'm kind of annoyed. And if I have to do it three times, I'm going to try to automate it.
A lot of people have a great business idea; they just need a little push to make it a reality.
Different people need different kinds of communication for it to have the same effect. That was something I had to learn.
We're trying to build the largest start-up ever without becoming a big company.
Products are a form of speech, and free speech must be fiercely protected, even if we disagree with some of the voices.
I'm against exclusion of any kind - whether that's restricting people from Muslim-majority nations from entering the U.S. or kicking merchants off our platform if they're operating within the law.
I am a worrier. I tend to do something about what I worry about.
Our hiring is almost completely built around just going through someone's life story, and we look for moments when they had to make important decisions, and we go deep on those.
I think I probably had to start a company, because I don't think I can work for other people.
People say Facebook connects the world. Facebook has 5,000 Ph.D.s that think about how to make you click on ads you don't want to see. Their business model is about something that most people would not perceive as making the world better.
Everyone loves feeling comfortable. But it's actually completely useless.
My early interactions with VCs were really, really poor.
We have a lot of really great companies in Canada, and I think there's always been this fear that 'great' in Canada doesn't mean great on a world stage. We need more self-confidence. We are building incredibly good businesses with incredibly good people, being loyal, dedicating themselves to solving important problems.
I'm ridiculously lucky.
If you believe something needs to exist, if it's something you want to use yourself, don't let anyone ever stop you from doing it.
We need a lot more technically literate people. The computers are the tools that are going to solve essentially all problems, and the people who can use them better will be more effective.
I spent my time, growing up, essentially between two things: technology and retail. I was fascinated by selling and loved the idea of making a profit, but I also spent a lot of time on technology.
Given the success rate, if you want to get wealthy, entrepreneurship is a horrible way of doing it. There are significantly easier ways of doing it. — © Tobias Lutke
Given the success rate, if you want to get wealthy, entrepreneurship is a horrible way of doing it. There are significantly easier ways of doing it.
We are reluctant to do these bigger acquisitions that are then integrated, especially if they are committed to a certain product that they want to build that we can't guarantee we will keep evolving.
In my worldview, time is energy that you can invest in things, and money is energy that you can invest. Time has significantly more leverage than money in terms of how much energy you get out of time.
Change has to be fundamental to a company's culture, or there is no way it can survive.
What could be more Canadian than working hard to figure out something new and sharing it with the world? The world wants to hear from us!
Commerce is a powerful, underestimated form of expression. We use it to cast a vote with every product we buy. It's a direct expression of democracy. This is why our mission at Shopify is to protect that form of expression and make it better for everyone, not just for those we agree with.
To kick off a merchant is to censor ideas and interfere with the free exchange of products at the core of commerce. When we kick off a merchant, we're asserting our own moral code as the superior one. But who gets to define that moral code?
Every phase of building a company is really hard.
To me, a great company starts with a great product and ends with a great product.
I'm a liberally minded immigrant, leading a predominantly liberal workforce hailing from predominantly liberal cities and countries.
It is incredibly powerful if you solve the problem you actually have yourself. It's really tough to develop a good product when you don't have very close proximity to the people who actually use your product. The closest proximity you can have to those people is to be that person.
Why do Canadians sell themselves short? I've never been able to answer that question.
Shopify has been a perpetually underestimated company at every point of its history.
I have serious, serious problems with personas - with unauthentic individuals. — © Tobias Lutke
I have serious, serious problems with personas - with unauthentic individuals.
Computers are the most powerful tools that humanity has ever created. Yet, we treat them largely as a black box; as if it were an alien artifact that magically appeared on desks, in homes, and in our pockets.
E-commerce is not an industry; e-commerce is a tactic.
I never cared a lot for school.
It is my strong belief that computer literacy should be part of our educational system's core curriculum.
I got my first computer when I was 6, and I was part of that early generation of children who grew up with computers always being around. I fell in love with them early on.
Sometimes, when you're building a company, out of necessity there's just a gazillion things you have to learn and figure out.
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