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#122October 9, 20201:01:25

#118 with Harley Finkelstein (Shopify's COO) - Why You Should Dr…

The history of ShopifyDirect-to-consumer (DTC) trendsInfluencer-led brandsThe 'arm the rebels' philosophyThe future of omnichannel retail

About This Episode

Harley Finkelstein, President of Shopify, discusses the platform's 'arm the rebels' philosophy and the massive shift toward direct-to-consumer retail. The conversation covers how influencers and athletes are becoming full-scale entrepreneurs and why the future of commerce depends on meeting customers wherever they choose to shop.

Episode Description

Sam Parr (@theSamParr) and Shaan Puri (@ShaanVP) are joined by Harley Finkelstein (@harleyf) on the pod today. Harley is the COO of Shopify. In today’s episode you’ll hear: Sam and Harley share a hilarious but effective way to recruit senior employees (0:30), Harley gives his background and how he became the COO at Shopify (2:52), Shaan brings to light some interesting emails from the early investment rounds of Shopify (9:30), Harley shares some of the major things he’s seeing in retail during COVID (19:30), Sam asks Harley which companies he’s seen that can be successful on Shopify (30:00), Harley explains how Cardi-B can build a brand on Shopify (37:55), The guys kick around ideas related to Shopify Apps that don’t exist that should exist (45:30), Harley explains the future of retail as he sees it (53:45). This episode we are partnering with Square! Square makes it easy for your business to accept payment, and so much more! Check out this week's sponsor at square.com/go/hustle! Joined our private FB group yet? It's a page where people share each others million dollar ideas or what they're already working on: https://www.facebook.com/groups/ourfirstmillion.  See acast.com/privacy for privacy and opt-out information.

Check Out this week's sponsor at square.com/go/hustle! Joined our private FB group yet? It's a page where people share each others million dollar ideas or what they're already working on

Key Takeaways

1

Adopt a 100-year horizon for business relationships by being willing to 'plant seeds' with talent for years before they officially join your company.

2

Use drop shipping as a capital-light process improvement to validate market demand for a product before moving into vertical integration and manufacturing.

3

Modern retail must be channel-agnostic, enabling brands to sell natively on social media, marketplaces, or through augmented reality rather than forcing customers to a single website.

Business Ideas Mentioned

Curated AV Kits for Remote Professionals

E-commerce

Modern Digital Lessons for Heritage Crafts

Content & Media

Direct-to-Consumer Alcohol for Top Athletes

E-commerce

View all ideas

Featuring

HF

Harley Finkelstein

2 episodes

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Quick Stats

Duration1:01:25
Guests1
Ideas Discussed3
Topics5

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