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Shopify

Monday, 13 May 2013 | 9:09 AM ET
CNBC's Retail Disruptors Revealed
CNBC's Julia Boorstin reveals which five retailers are best positioned to change the global marketplace: Etsy, Pinterest, Rent the Runway, and Shopify.

What
Shopify is an ecommerce platform that allows individuals and businesses to create online stores. Shopify was founded by two snowboarding enthusiasts who wanted to create a better way to sell their snowboards.

Disrupting
The way people buy and sell, and structure retail enterprises, eliminating the barriers to entry in the brick-and-mortar world.

Source: shopify.com

Headquarters: Ottawa, ON, Canada
CEO: Tobias L├╝tke, Co-Founder and CEO of Shopify
Year Founded: 2006
Number of Employees: 206 (260 projected full year 2013)
Funding: Shopify has raised $22 million.
Key Investors: Bessemer Venture Partners, Felicis Ventures, Georgian Partners, and FirstMark Capital

Vital Stats

  • 2009 stores numbered 6,656; projected total 2013 stores-80,000
  • Gross merchandise 2008: $59 million/gross merchandise 2013: $1.5 billion (projected full year)
  • Expects to reach $8 billion in gross merchandise in 2015
  • Profitable since 2008
  • Clients include Budweiser, Tesla Motors, the Beastie Boys, Kobe Bryant, Pebble, 50 Cent and Donnie and Marie Osmond
  • Must be able to draw an owl to be hired by company


On Disruption

"Disruption is throwing a wrench in the status quo. It’s challenging the traditional methods of doing things." -Tobias Lutke, CEO and Founder


Featured

Contact CNBC Disruptors

  • Email: cnbcdisruptor@nbcuni.com

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