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

2020-05-12 · 68 min · episode 173 · 20 entities

episode page audio

Asserted relationships

→ references Zen and the Art of Motorcycle Maintenance book

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bout quality (18:28) – His thinking on design and quality (18:32) – Zen And The Art Of Motorcycle Maintenance (19:59) – The Design of Everyday Things (21:06) – Friction as a for
→ recommended Zen and the Art of Motorcycle Maintenance book

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bout quality (18:28) – His thinking on design and quality (18:32) – Zen And The Art Of Motorcycle Maintenance (19:59) – The Design of Everyday Things (21:06) – Friction as a for
→ discusses Business company

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Feed category: Business
→ discusses Technology company

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→ discusses Investing concept

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→ hosted by Colossus company

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Feed author/publisher: Colossus
→ hosted by Colossus | Investing & Business Podcasts company

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Feed author/publisher: Colossus | Investing & Business Podcasts
→ references Partner website

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Link in episode "Tobi Lutke – Building a Modern Business - [Invest Like the Best, EP.173]": https://mitimco.org/partner
→ references MITIMCo Alumni Letter person

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Link in episode "Tobi Lutke – Building a Modern Business - [Invest Like the Best, EP.173]": https://mitimco.org/wp-content/uploads/2017/03/MITIMCo-Alumni-Letter.pdf
→ references MITIMCo Brochure Web 2018 12 05 website

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Link in episode "Tobi Lutke – Building a Modern Business - [Invest Like the Best, EP.173]": https://mitimco.org/wp-content/uploads/2019/01/MITIMCo-Brochure_web_2018-12-05.pdf

Entities found in this episode

companys 8

mentioned Colossus company

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Feed author/publisher: Colossus
mentioned Colossus | Investing & Business Podcasts company

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Feed author/publisher: Colossus | Investing & Business Podcasts
mentioned Business company

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Feed category: Business
mentioned Technology company

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Feed category: Technology
discusses Business company

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Feed category: Business
discusses Technology company

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Feed category: Technology
hosted by Colossus company

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Feed author/publisher: Colossus
hosted by Colossus | Investing & Business Podcasts company

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Feed author/publisher: Colossus | Investing & Business Podcasts

websites 4

mentioned Partner website

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Link in episode "Tobi Lutke – Building a Modern Business - [Invest Like the Best, EP.173]": https://mitimco.org/partner
mentioned MITIMCo Brochure Web 2018 12 05 website

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evidence rules-v4
Link in episode "Tobi Lutke – Building a Modern Business - [Invest Like the Best, EP.173]": https://mitimco.org/wp-content/uploads/2019/01/MITIMCo-Brochure_web_2018-12-05.pdf
references Partner website

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evidence rules-v4
Link in episode "Tobi Lutke – Building a Modern Business - [Invest Like the Best, EP.173]": https://mitimco.org/partner
references MITIMCo Brochure Web 2018 12 05 website

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evidence rules-v4
Link in episode "Tobi Lutke – Building a Modern Business - [Invest Like the Best, EP.173]": https://mitimco.org/wp-content/uploads/2019/01/MITIMCo-Brochure_web_2018-12-05.pdf

books 3

mentioned Zen and the Art of Motorcycle Maintenance book

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evidence rules-v5
bout quality (18:28) – His thinking on design and quality (18:32) – Zen And The Art Of Motorcycle Maintenance (19:59) – The Design of Everyday Things (21:06) – Friction as a for
references Zen and the Art of Motorcycle Maintenance book

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evidence rules-v5
bout quality (18:28) – His thinking on design and quality (18:32) – Zen And The Art Of Motorcycle Maintenance (19:59) – The Design of Everyday Things (21:06) – Friction as a for
recommended Zen and the Art of Motorcycle Maintenance book

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evidence rules-v5
bout quality (18:28) – His thinking on design and quality (18:32) – Zen And The Art Of Motorcycle Maintenance (19:59) – The Design of Everyday Things (21:06) – Friction as a for

concepts 3

mentioned Investing concept

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discusses Investing concept

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mentioned Patrick Oshag concept

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@patrick_oshag

persons 2

mentioned MITIMCo Alumni Letter person

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Link in episode "Tobi Lutke – Building a Modern Business - [Invest Like the Best, EP.173]": https://mitimco.org/wp-content/uploads/2017/03/MITIMCo-Alumni-Letter.pdf
references MITIMCo Alumni Letter person

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Link in episode "Tobi Lutke – Building a Modern Business - [Invest Like the Best, EP.173]": https://mitimco.org/wp-content/uploads/2017/03/MITIMCo-Alumni-Letter.pdf

Episode description as stored

My guest 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 aggressively digital in the past two months, and Shopify powers so much of digital commerce. Evergreen, because while we touch on Covid and the Shopify business, this is much more a conversation on business and personal principles, learning, design, and growth. Tobi is one of the CEO’s I look up to most for the type of company he is building and for the way he conducts himself. We discuss business focus, why video games help you learn the power of attention, what design means for products and organizations, and much more. Please enjoy my conversation with Tobi Lutke. This episode is brought to you by the MIT investment management company (MITIMCO) Reach out or learn more: Email: partner@mitimco.org Website: https://mitimco.org/partner/ MITIMCo 10 year Letter: https://mitimco.org/wp-content/uploads/2017/03/MITIMCo-Alumni-Letter.pdf MITIMCo brochure: https://mitimco.org/wp-content/uploads/2019/01/MITIMCo-Brochure_web_2018-12-05.pdf For more episodes go to InvestorFieldGuide.com/podcast. Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub. Follow Patrick on Twitter at @patrick_oshag Show Notes (2:35) – (First question) – The launch of the new Shopify shop app (2:44) – Daniel Ek Podcast Episode (2:45) – Jeff Lawson Podcast Episode (4:56) – Having the right focus and growing a good business (9:06) – Marketplace business model vs the merchant driven business model 9:16 – Bill Gurley Podcast Appearances - 162 | 144 | 137 (11:47) – His role as a decisionmaker as CEO of the company (14:07) – What does he mean when he talks about quality (18:28) – His thinking on design and quality (18:32) – Zen And The Art Of Motorcycle Maintenance (19:59) – The Design of Everyday Things (21:06) – Friction as a force in business and manufacturing (26:04) – His thoughts on systems and being free of process (26:08) – The Systems Bible (30:01) – The game of Factoria and how it relates to systems (32:16) – Transfer Learning (34:33) – What Real-Time Strategy games have taught Tobi (38:30) – Building context inside of a company and making it scale (41:17) – Personality typing (46:22) – The Tobi Blueprint (46:04) – Why he likes The Guide to the Good Life and stoicism (55:38) – Raising kids and the impact of Covid (1:03:16) – The kindest thing anyone has done for Tobi Learn More For more episodes go to InvestorFieldGuide.com/podcast. Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub Follow Patrick on Twitter at @patrick_oshag