Tobi Lutke – Building a Modern Business – [Invest Like the Best, EP.173]

This episode is brought to you by the MIT investment management business (MITIMCO).

My visitor today is Tobi Lutke, the co-founder and CEO of Shopify. This is both a timely and evergreen conversation. Timely, as the world as moved strongly digital in the previous two months, and Shopify powers so much of digital commerce. Evergreen, because while we touch on Covid and the Shopify company, this is a lot more a conversation on company and personal concepts, finding out, design, and development. Tobi is one of the CEOs I appreciate a lot of for the kind of company he is building and for the way he conducts himself. We go over business focus, why video games assist you discover the power of attention, what design implies for products and companies, and a lot more. Please enjoy my discussion with Tobi Lutke..

Show Notes.

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( 2:35)– (First question)– The launch of the new Shopify store app.

( 4:56)– Having the right focus and growing an excellent business.

( 9:06)– Marketplace company model vs the merchant driven organisation model.

( 2:44)– Deniel Ek Podcast Episode.

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( 2:45)– Jeff Lawson Podcast Episode.

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9:16– Bill Gurley Podcast Appearances– 162|144|137.

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( 30:01)– The video game of Factoria and how it connects to systems.

( 1:03:16)– Kindest thing anybody has done for Tobi.

( 34:33)– What Real-Time Strategy games have actually taught Tobi.

Evergreen, because while we touch on Covid and the Shopify business, this is much more a discussion on service and individual principles, finding out, style, and development. We discuss organisation focus, why video games help you find out the power of attention, what design implies for organizations and products, and much more. 137.

( 32:16)– Transfer Learning.

( 55:38)– Raising kids and the effect of Covid.

When he talks about quality,( 14:07)– What does he imply.

( 18:32)– Zen And The Art Of Motorcycle Maintenance.

( 26:04)– His thoughts on systems and being devoid of process.

( 19:59)– The Design of Everyday Things.

( 11:47)– His function as a decisionmaker as CEO of the company.

( 21:06)– Friction as a force in business and manufacturing.

( 41:17)– Personality typing.

( 38:30)– Building context inside of a company and making it scale.

( 46:04)– Why he likes The Guide to the Good Life and stoicism.

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( 26:08)– The Systems Bible.

Find out more.

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( 18:28)– His thinking on style and quality.

( 46:22)– The Tobi Blueprint.