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Having little competition is bad for a business, because without a rival nobody keeps you honest about whether something is really good.
Drawn from what Tobias Lütke said
What Tobias Lütke actually said
- Tobias Lütke Co-founder and CEO of Shopify
It was a time we didn't have a lot of competition, so which is also really, really hard for businesses. It's not a good thing at all because again, you don't get, you don't have good rivalry and you can't sort of like, even if something seems really good, you don't know because there's no one else to keep you honest about it.
Where this was said
Watch from 0:07:32 plays here↗Tobi Lütke: 21 Years of Building Shopifyyoutube.com
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Added to korrents 25 Oct 2026 · How quotes work · Something wrong? Tell us
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