Career
In 2004, Lütke, along with his partners, Daniel Weinand and Scott Lake, launched Snowdevil, an online snowboard shop.[4] Lütke built a new e-commerce platform for the site, using Ruby on Rails.[17][14][18] Soon after, the Snowdevil founders shifted their focus from snowboards to e-commerce and launched Shopify in 2006.[19][20] He currently owns 7% of Shopify, which went public in 2015.[21] Despite controlling a minority of the shares outstanding, he controls a 40% voting interest in Shopify due to a two-class voting structure.[22]
The Globe and Mail named Lütke "CEO of the Year" in November 2014.[23] Lütke was presented with the Meritorious Service Cross on November 5, 2018, for his work in supporting the growth of the Canadian technology industry.[24]
In October of 2019, Lütke donated over 1 million dollars to Team Trees.[25] This made him the largest donor in the projects history and marked a personal commitment to environmental protection.
On September 8, 2021, it was announced that Lütke, along with former and current Shopify top executives and Celtic House Venture Partners, invested $3 million in Creative Layer, "a global personalized print-on-demand platform for managing Shopify orders, proofs, fulfillment, and team members".[26]
On January 31, 2022, cryptocurrency exchange Coinbase announced Lütke would join its board of directors.[27]