Tobi Lütke

speaker

3,220 appearances 3 recordings 3 series first heard Dec 2025 last heard 4 May

Tobi Lütke’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

Recordings per month over the last 12 months — 3 in all, peaking in May 2026 with 2.

Appearances

newest first · ▶ plays the moment

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch · 20VC: Shopify's Tobi Lütke on How AI is a Scapegoat for Mass Layoffs & What Will Labour Markets Be in the Future | Why We Need More Scrutiny on Charitable Giving, Governments are Bad at What They Do and Trump Derangement Syndrome in Canada · 4 May 2026 podcast

And frankly, which we know from the actual marshmallow tests, people don't usually wait for two marshmallows.

Not in human nature.

It's like everyone's discount rate is different, but there's some sense to this.

But if you want a great product, you have to take this sort of long-term position.

And taking a long-term position doesn't mean just bring up numbers in three years.

It means willing to have bad numbers for a while if you think this is going to lead to the right place.

And that's a hard choice to make.

Oh, yeah, of course.

There's nothing better in the world than being a trusted public company.

I mean, the second best thing is being a trusted private company.

it's much worse to be an untrusted public company than an untrusted private company.

So the stack ranking is like, unfortunately, people become a trusted private company with their investors and have to actually take a step down to being an untrusted public company by going public.

This is why people don't go public.

They just can't deal with that, which is funny because it's actually required to then get to the best spot in the end, which is literally the reason why we did it 10 years ago when we were tiny because it just felt like, cool, let's go make the careers of public market investors who bet on us

And then we go and they make lots of money and then they become on our side and now they trust us.

Yeah, I think everything, like any approach works if you have a Collison promise.

So I don't think it matters for them.

So they can just like decide.

I think they are really bad proxy for what you should be doing because most people aren't.

I think it's a much saner strategy to do the flip to public as a minor financing.

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