Canada is the best place for a startup to knuckle down and work on a product that they believe in, Shopify’s Tobias Lütke said on the first day of Montréal’s Startupfest.
Lütke, in an discussion with Re/code’s Kara Swisher, told the audience that Canada didn’t lend itself to explosive growth, but is a good place for a startup to build a growth culture: a sentiment shared by tech industry thought leader Tim O’Reilly:
Work on stuff that matters. @noahi #Startupfest pic.twitter.com/HllgNy8SaF
— beeye (@mybeeye) July 14, 2016
Still, a more subdued environment isn’t an excuse for complacency.
It’s critically important to “keep connecting with the front line,” an effort that Blackberry didn’t make, Lütke said, referring to the once-dominant smartphone maker based in Waterloo, Ontario. “Stay hungry,” he warned.
To achieve this, bring people on your team that think as founders and builders, not just joiners, said Shopify COO Harley Finkelstein. It’s important to keep your team focused, which is why he worked to keep Shopify’s culture open despite its rapid growth.
“We’re a company that sets our philosophy around personal growth where people are comfortable with the uncomfortable,” he said.
Young companies bring their ‘A’ game to Montréal for Startupfest https://t.co/wiBasVIHhV#startupfestpic.twitter.com/prqhdcqZzG
— Tourisme Montréal (@MeetMontreal) July 14, 2016
TechPORTFOLIO is covering Startupfest until July 15. Get more of our insights by following us on Twitter, Facebook and LinkedIn – and now on Instagram.