
Tobi Lütke, Shopify's CEO, explores unique company-building and management philosophies, emphasizing that companies themselves are technologies. He advocates for viewing companies as counterfactual explorations, where one tests ideas against the market, and highlights the importance of rivalry over competition to inspire excellence. Lütke recounts how cosplaying as a traditional CEO nearly harmed Shopify, leading him to embrace his intuition and build an executive team of founders. He details the creation of Shopify OS, a system using code to model the company and remove politics from decision-making. Lütke stresses the importance of differentiation, even if initially worse, and the need for constant reinvention and adaptation, particularly in the face of rapidly evolving technologies like AI.
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