Website Building » Shopify » Is Shopify a Good Company?

Is Shopify a Good Company?

Last updated on October 1, 2022 @ 2:42 pm

PRO TIP: Please be aware that there are a number of risks associated with Shopify, including but not limited to:

-The company has been the subject of a number of class action lawsuits

-Shopify has been accused of being a pyramid scheme

-The company has been known to change its terms and conditions without notice or warning

-Shopify has been known to shut down accounts without notice or warning

-There have been complaints of high fees and unexpected charges

-Some users have reported difficulty getting paid by Shopify

Overall, we would caution anyone considering using Shopify to be aware of these risks and to proceed with caution.

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. Lütke, Weinand, and Lake spent the next two years working on Shopify in their spare time. In 2008, Shopify received funding from Bessemer Ventures and FirstMark Capital.

Shopify has been profitable since 2009. In 2012, it raised $100 million from Tiger Global Management and in 2015 it raised an additional $131 million. In 2016, Shopify announced that it had plans to go public in early 2017. Shopify has over 1,000 employees with offices in Ottawa, Toronto, Montreal, Waterloo, New York City, San Francisco, Los Angeles, Chicago, and Sydney.

Drew Clemente

Drew Clemente

Devops & Sysadmin engineer. I basically build infrastructure online.