Shopify is the 2008 equivalent in the tech world. Hugely overvalued, no secret sauce (pretty web fronts that are powered by stripe)
Shopifys moat is nonexistent.
Shopify is the 2008 equivalent in the tech world. Hugely overvalued, no secret sauce (pretty web fronts that are powered by stripe)
Shopifys moat is nonexistent.
Here's a screenshot. I did not make an account with any of these completely independent websites. Yet I checked out on all of them without typing my address or payment info. And all my orders appear here with tracking.
Shopify built a good ecom cms and they’ll be right for some companies, but they’ve also cornered themselves as that company that makes ecom software. Remember Shopify POS? Me either.
Anyways, consumer trends change. The way people buy online will change. There’s a future where ecom websites are basically the back catalogue of the future.
It is one more software offering that lets you build a store online.
You can have a store up in an hour or something. You don't have to integrate software from various places. It's a one stop shop.
That's worth a fair amount.
I'm a web dev, and I've still chosen shopify in the past for side projects. I didn't want the headache of my own stack.
They have competitors, sure, but they're a solid option in the space.