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Almost Everyone Is Online: But Most of the Money Isn't :: The Market Oracle ::


Ottawa sure is a long way from Silicon Valley. In the summer of 2010, Tobi Lütke met with venture capitalists at Bessemer Ventures. He was looking for a couple million bucks to fund his money-losing Canadian startup. Cash was so tight Lütke’s father-in-law had to write checks to pay the employees.
Bessemer was skeptical at first. A tech startup in bitterly cold Ottawa? But they took the plunge with a $7 million cash injection, valuing the startup at $25 
million.
It’s Canada’s largest company, valued at $160 
billion. Longtime RiskHedge readers know 
I called Shopify 
“the next great trillion-dollar stock.” ....

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