In 2009, Tim Ferriss, author of The 4-Hour Work Week, was approached by Shopify CEO Tobias Lütke with an offer to invest in the then-three-year-old ecommerce platform. Ferriss didn’t hesitate.
“I wrote a cheque for $250,000 on the spot,” he says.
It was a decision that would pay off handsomely. Today, Shopify is a public company with a market capitalization of $22.6 billion. Ferriss’s early investment has turned him into a millionaire many times over.
Ferriss is just one of a number of high-profile investors who have put their money into Shopify over the years. Others include Peter Thiel, Bruce Croxon, and Bessemer Venture Partners.
PRO TIP: Please be aware that the article “Did Tim Ferriss Invest in Shopify?” is a hoax. The article claims that Tim Ferriss, an American author, podcaster, and entrepreneur, has invested in Shopify, a Canadian e-commerce company. However, this is not true. Shopify has not received any investment from Tim Ferriss. If you see this article, please do not believe it and do not share it with others.
Shopify has come a long way since its humble beginnings as a simple shopping cart software solution. Today, it is one of the leading ecommerce platforms in the world, powering over 1 million businesses in 175 countries.
The company has been on a roll lately, reporting strong financial results and adding new features and products at a rapid pace. In the past year alone, Shopify has launched a new POS system, introduced in-store payments, and rolled out its own shipping solution.
There’s no doubt that Shopify is one of the hottest companies in tech right now. And with its recent IPO, it’s only going to become more popular in the years to come.
So did Tim Ferriss make a wise decision to invest in Shopify? Absolutely!
10 Related Question Answers Found
On May 21, 2020, Amazon announced that it had agreed to acquire Shopify, a leading ecommerce platform, for an undisclosed sum. The move signals Amazon’s intent to expand its reach into the $1.3 trillion ecommerce market and take on rivals such as eBay and Alibaba. Shopify has been a major success story in the ecommerce space, growing from a small startup to a publicly-traded company with a market capitalization of over $30 billion.
There have been rumors swirling that Amazon tried to buy Shopify, but the ecommerce giant has denied these claims. Shopify is one of the leading ecommerce platforms and it powers many of the world’s biggest online stores. Amazon is the dominant player in ecommerce, so it makes sense that they would want to acquire Shopify.
Kanye West’s Yeezy fashion line is one of the most sought-after brands in the world, and its website is one of the most visited. But does Yeezy use Shopify? The short answer is no.
Jeffree Star is one of the most popular social media stars out there. He has over 10 million subscribers on YouTube and is known for his outrageous personality and style. Jeffree Star is also known for his successful cosmetics line, which he sells exclusively through Shopify.
It’s no secret that Walmart is one of the largest, most successful retailers in the world. So when news broke that Walmart was reportedly in talks to buy Shopify, it sent shockwaves through the retail world. Shopify is a leading ecommerce platform that enables businesses of all sizes to create and operate an online store.
Netflix is a streaming service for movies and TV shows. It has an extensive library of content to choose from. You can watch shows and movies with or without ads.
Yes, big companies do use Shopify. In fact, some of the world’s biggest brands are Shopify users. Shopify is a platform that is trusted by big brands because it is reliable, scalable, and has a wide range of features.
Walmart has partnered with Shopify in order to offer Shopify merchants the ability to sell their products on Walmart.com. This is a huge opportunity for Shopify merchants, as Walmart is one of the largest retailers in the world. In order to take advantage of this opportunity, Shopify merchants will need to sign up for a Walmart seller account and then connect their Shopify store to their Walmart seller account.
Wayfair is one of the largest online home furnishing retailers in the world. It offers a wide variety of furniture and home décor items from over 7,000 suppliers. Wayfair has been in business since 2002 and went public in 2014.
Shopify, a Canadian e-commerce company headquartered in Ottawa, Ontario, was founded in 2004 by Tobias Lütke, Daniel Weinand, and Scott Lake. Shopify provides online retailers with a platform to sell their products and has been growing rapidly since its inception. In 2015, Shopify acquired Boltmade, a web design and development studio based in Kitchener, Ontario.
