Tobias Lütke

from Wikipedia, the free encyclopedia
Tobias Lütke (2015)

Tobias Lütke (* 1981 in Koblenz ) is a German founder and CEO of Shopify , a software company based in Ottawa (Canada) . Lütke was also part of the core team for the Ruby on Rails software and programmed open source libraries such as Active Merchant .

Childhood and youth

At the age of seven, Lütke received a tailor CPC from his parents. He learned to program on it by rewriting game listings for the Commodore 64 at the age of 11 or 12 so that they ran on his computer. He also made his first experiences with hardware modifications. Lütke left grammar school after the tenth grade with a secondary school certificate; he was (according to his own statement) "a miserable student". After that, he began training as a specialist in Koblenz office Organization GmbH, a Siemens - subsidiary . In 2002 he emigrated from Germany to Canada.

Career

2004 started Lütke with its partners Daniel Weinand and Scott Lake online shop Snow Devil, with whom he made a garage out Snowboards sales. As a trained programmer, he developed his own e-commerce platform based on Ruby on Rails . A little later, the Snowdevil founders decided to shift their focus from snowboards to electronic trading platforms. This resulted in the electronic trading platform Shopify , which was launched in 2006.

According to his own statement, he “almost stalled ” Shopify in the first few years because he only intended to spend what was available in terms of corporate capital and personal assets when investing in the company.

In 2008 he was looking for investors in Silicon Valley . However, some offers were linked to Shopify moving to the Valley, which Lütke refused because the mono (corporate) culture bothered him there.

In 2010, Lütke launched a competition to make Shopify better known. The budding entrepreneur on their platform who would have the highest revenue for two consecutive months should get a MacBook Pro . Lütke's friend, the author Tim Ferriss , convinced him to increase the prize money to $ 100,000. The competition brought 1,400 new merchants to the platform and gave Shopify a strong growth spurt.

The magazine Profit listed Lütke on its list The Fabulous 30 in 2012 . The Canadian daily newspaper The Globe and Mail named him “CEO of the Year” in November 2014. By September 2016, over 300,000 merchants were using the Shopify platform and have processed over $ 20 billion in purchases since 2006.

In September 2019, Lütke bought the robotics company 6 River Systems for $ 450 million to automate Shopify's warehouse.

capital

As Forbes pointed out, Lütke has a net worth of $ 5.2 billion. This puts him in 680th place on Forbes' list of the richest people in the world. In Canada, he was ranked 90th among the richest Canadians in 2017. The news magazine Der Spiegel named him one of the 20 richest Germans in 2020. In August 2020, it still had 6.5 percent share of Shopify.

Private

Tobias Lütke is married (as of August 2020) and has three children.

Tobias Lütke has a weakness in reading and spelling .

On October 30, 2019, Lütke donated $ 1,000,001 to the Team Trees fundraising campaign, a fundraiser by MrBeast and the Arbor Day Foundation for tree planting projects, donating one dollar more than Elon Musk.

Individual evidence

  1. ↑ Episode: 375: Tobias Lutke - Founder & CEO of Shopify . Retrieved April 30, 2015.
  2. ↑ First family of Shopify to restore Opinicon resort . January 28, 2015. Accessed April 30, 2015.
  3. ↑ Tobias Lutke, CEO, Shopify at Business of Software 2011 . May 23, 2012. Retrieved April 30, 2015.
  4. ↑ a b A superhero on the computer: Shopify founder Tobias Lütke . August 18, 2015. Retrieved November 30, 2017.
  5. ↑ Our Canadian CEO of the year you've probably never heard of . November 27, 2014. Retrieved April 30, 2015.
  6. ↑ Andreas Albert: Billionaire Tobias Lütke "I was a miserable student". In: spiegel.de. November 30, 2017, accessed August 12, 2020 .
  7. ↑ Shopify: Koblenzer revolutionizes online shops . May 2, 2014. Retrieved April 30, 2015.
  8. ↑ a b c d e f g h i j Christina Kyriasoglou, DER SPIEGEL: Shopify: What's behind the hype about the 100 billion start-up - DER SPIEGEL - Economy. Retrieved August 13, 2020 .
  9. ↑ Fluke and luck: Shopify's co-founder profited from both . October 5, 2012. Retrieved April 30, 2015.
  10. ^ Q&A with Tobias Lütke of Shopify . June 3, 2010. Retrieved April 30, 2015.
  11. ↑ Finding Business Motivation in Industry Leaders . January 10, 2014. Accessed April 30, 2015.
  12. ^ Against the Grain . Retrieved April 30, 2015.
  13. ↑ Top 5 Keys to Shopify's Success - an Interview with Tobias Lutke . December 22, 2010. Archived from the original on May 2, 2015. Info: The archive link was automatically inserted and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. Retrieved April 30, 2015. @1@ 2Template: Webachiv / IABot / www.yearonelabs.com
  14. ↑ FASTEST GROWING COMPANIES: # 1 - Shopify . May 3, 2010. Archived from the original on May 6, 2010. Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice. Retrieved April 30, 2015. @1@ 2Template: Webachiv / IABot / www.obj.ca
  15. ↑ Two Germans stir up Canada's start-up scene . May 12, 2014. Retrieved April 30, 2015.
  16. ↑ Shopify in the fast lane . February 10, 2014. Retrieved April 30, 2015.
  17. ↑ Fab 30: Tobias Lutke, CEO of Shopify . July 18, 2012. Archived from the original on March 4, 2016. Info: The archive link has been inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. Retrieved April 30, 2015. @1@ 2Template: Webachiv / IABot / www.profitguide.com
  18. ↑ Shopify's Tobias Lutke Crowned CEO of 2014 . November 27, 2014. Retrieved April 30, 2015.
  19. ↑ Knowlton Thomas: Tobias Lutke Crowned CEO of 2014 . November 27, 2014. Retrieved April 30, 2015.
  20. ↑ Shopify Preparing for dual US-Canada initial public offering by 2015 . January 9, 2015. Accessed April 30, 2015.
  21. ↑ a b Tobi Lutke. In: forbes.com. Accessed April 30, 2020 (English).
  22. ↑ Canada's Richest People: Tobias Lütke. Canadian Business, November 9, 2017.
  23. ↑ teamtrees.org
  24. ↑ #TeamTrees: YouTube stars boost tree-planting campaign to over $ 8m bbc.com, October 30, 2019, accessed October 31, 2019

Web links

personal data
SURNAME Lütke, Tobias
BRIEF DESCRIPTION German-Canadian programmer and manager
DATE OF BIRTH 1981
PLACE OF BIRTH Koblenz