4.4 • 637 Ratings
🗓️ 12 May 2017
⏱️ 30 minutes
🧾️ Download transcript
Harley Finkelstein is the COO @ Shopify, the e-commerce platform that has allowed a generation of people to become entrepreneurs and business owners. Harley joined the business with revenues of $5m, today the company has targeted this year for over $600m with over 400,000 merchants on the platform. They have raised over $120m in VC funding from very good friends of the show including Aydin @ Felicis, Jeremy @ Bessemer and Amish @ Firstmark. In May 2015, Shopify went public with a valuation north of $1bn.
In Today’s Episode You Will Learn:
1.) How did Harley make the move from laywer to COO @ Shopify?
2.) Question from Aydin @ Felicis: What have been some strategic inflection points that at the time did not seem like a big deal? How have Harley and Shopify produced and maintained such consistent revenue growth? What is the secret?
3.) Why does Harley believe that the future of retail is not online vs offline? How does Harley react to the suggestion that retail stores need to transition from transaction based, to experience based?
4.) How does Harley view the rise of personal brand in today's technological world? How has this allowed previously non-monetized channels to be monetized? What are some good examples of this?
5.) Why did Harley and Shopify choose to IPO in 2015? How was the roadshow? What was the key learnings for Harley both pre and post-IPO? What does Harley believe it means to be a trusted public company?
Items Mentioned In Today’s Show:
Harley’s Fave Book: High Output Management
Harley’s Fave Blog: Wait But Why
Harley's Fave Shopify Store: Boosted Boards
As always you can follow Harry, The Twenty Minute VC and Harley on Twitter here!
Likewise, you can follow Harry on Snapchat here for mojito madness and all things 20VC.
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0:00.0 | This is the 20 minute VC and Founders Friday with your host Harry Stebbings, and please do add me on |
0:04.5 | Snapchat at H. Stebbings with 2Bs, if you have not already. It would be a pleasure to see you there. |
0:09.1 | However, to the show today, and I have to say, I've been very excited about this one for a while. |
0:12.8 | What many of you do not know, and I don't even the guest today knows, is that I used our guest |
0:17.0 | today's company to allow me to build my first business and pay for college. So without giving |
0:21.7 | more hints away, I'm thrilled to welcome Harley Finkelstein to the show today. Now, Harley is the C-O-O at Shopify, |
0:27.7 | the e-commerce platform that's allowed a generation of people to become entrepreneurs and business owners. |
0:32.6 | Harley joined the business with revenues of $5 million. Today, the company has targeted this year for over $600 million, |
0:38.5 | with over 400,000 merchants on the platform. They've raised over $120 million in VC funding |
0:44.8 | from very good friends of the show, including Idin at Felis, Jeremy at Bessemer and Amish at Firstmark. |
0:50.3 | In May 2015, due to their incredible success, Shopify went public with a valuation north of $1 billion. |
0:56.2 | I do also want to say a special thank you to I'd in at Felices for the intro to Harley today, |
1:00.3 | without which this episode would not have been possible. |
1:02.6 | But before we dive into the show today, I really want to talk to you about a company that's |
1:05.9 | really changed the way I sleep and operate. |
1:08.6 | Eight is a sleep innovation company with their latest product, |
1:11.5 | the eight smart mattress, being a bed that literally tells you how well you slept last night, |
1:16.2 | paired with an intelligent sensor cover that measures the quality of your sleep and delivers a |
1:20.4 | daily sleep report. In order to bring you the best product, eight used anonymized sleep data |
1:25.0 | and feedback from over 10,000 people to understand which materials and types of mattresses give customers the best sleep, |
1:31.7 | resulting in their unique blend of four responsive and high-density foam layers, plus one layer of proprietary technology that helps people track and improve their sleep. |
1:40.5 | This is perfect for people like me, people who want to be more productive during the day |
... |
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