Shopify is a Canadian e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems.
Shopify was founded in 2004 by Tobias Lütke, Daniel Weinand, and Scott Lake after attempting to open Snowdevil, an online store for snowboarding equipment.Shopify launched in 2006.
In 2010, Shopify started its Build-A-Business Competition, in which participants create a business using its platform. The winner of the competition receives $100,000 to invest in their business.
In 2012, Shopify acquired Select Start Studios Inc., a mobile app development company based in Waterloo, Ontario.
In 2013, Shopify acquired Jet Cooper, a Toronto-based design agency.
In 2014, Shopify partnered with Google to launch Shopify Payments powered by Google Wallet.
In 2015, Shopify acquired Boltmade Inc., a software development company based in Kitchener-Waterloo.
In 2016, Shopify launched Arrive, a package tracking app.
Shopify has been profitable since 2015. In 2016 it generated $130 million in revenue and $7 million in net income.
In 2017 it reported $377 million in revenue and $12 million in net income. ”
Shopify is a Canadian e-commerce company that offers a proprietary e-commerce platform for online stores and retail point-of-sale systems. The company was founded in 2004 by Tobias Lütke, Daniel Weinand, and Scott Lake after they attempted to open Snowdevil, an online store for snowboarding equipment.
If you are considering using Shopify Venture, please be aware that there are some risks involved. First, it is important to remember that venture capitalists are looking for high-growth companies that they can invest in. This means that they will be looking for companies that have the potential to generate a lot of revenue in the future. As such, they may be more likely to invest in companies that have high-risk, high-reward products or services.
Second, it is important to remember that venture capitalists are not philanthropists. They are looking to make a profit off of their investment, and so they will be looking for companies that they think will be successful. This means that they may be less likely to invest in companies with products or services that they think are not going to be successful.
Finally, it is important to remember that venture capitalists may not have your best interests in mind. They may pressure you to grow your company quickly in order to make a return on their investment, which could put strain on your business and lead to problems
Since its launch in 2006, Shopify has acquired several companies including Select Start Studios Inc., Jet Cooper, and Boltmade Inc.
Most recently, in 2017 the company reported $377 million in revenue and $12 million in net income.
