Because the website construction technology at that time was very primitive and crude, Lutke did not find a solution that could perfectly meet his needs in the market. He did not want to use simple templates to build his own website, so he decided to develop it himself. After the website was built, Lutke's snowboard business was pretty good, probably similar to the sellers today, and they can make a little money. Slowly, some people like his website design very much, and hope to spend money to buy his website program to build their own website.
As more and more people ask, Lutke sees business opportunities and decides to transform from selling snowboards Turned into selling software. And thus Shopify was born, and the year was 2006. Want to see what Shopify's website looked like that year? Shopify store opening tutorial - 2022 Shopify website Vietnam phone number list construction and operation guide complete 39 At first, Lutke didn't have much ambition, he just wanted to start a company with about 20 people, so he didn't think about anything like venture capital listing at all at first. In 2008, he had a chance to go to Silicon Valley to chat with some venture capitalists, but he did not make any preparations at all.
What he was worried about at the time was not whether he could get venture capital, but the cost of going to Silicon Valley. In order to save money, he stayed there in a youth hostel, and he rode a rented bicycle to meet the venture capitalists. In the end, the venture capital offered the offer, but asked to move the company from Canada to the United States, and to appoint a new CEO after the investment. In the end, Lutke turned down the venture capital, stayed in Ottawa, Canada, and continued to run Shopify with his team. By the end of 2008, Lutke was running out of funds and was barely able to pay his employees.