$5 Billion dollar valuation, 70% YOY growth, $580M sales last year, will blow past $1B in sales soon - that's 'crushing it'. FYI those are market, i.e. public

$5 Billion dollar valuation, 70% YOY growth, $580M sales last year, will blow past $1B in sales soon - that's 'crushing it'. FYI those are market, i.e. public valuations, not fantasy VC hype valuations. "At $30/mo that's maybe 1 million paid users." 1M users at $30 a month is spectacular at that rate of growth. (Though thats not actually how their revenue model works entirely) ... and they just secured the government of Ontario's Marijuana program worth billions. While 'Dropbox', a YC darling: "Dropbox is filing for a $500 million IPO—but also saying it may never be profitable" [1] "(Shopify) it's growth is driven by the personality cults that made use of Facebook ad networks to convince others that they can make millions dropshipping or printing tshirts." No, there is quite a lot cost to 'switch over' to another platform, even for small companies, and they have tremendous buy in. Shopify is basically sucking in the massive long tail and mid-market of companies who don't want to handle so many of those issues - while EBay and Amazon have failed to do that well. They are in a spectacular position, and if they continue on this trajectory for a couple of years they will not only blow past Dropbox, they will probably eventually leap frog Stripe once the later's actual numbers start to come public. If anything, YC darlings Stripe and Dropbox are in precarious positions, because both are heavily commoditized markets, and neither of them have a distinct competitive advantage. [1]https://qz.com/1214822/dropbox-is-filing-for-a-500-million-ipo-while-warning-it-may-never-be-profitable/ https://qz.com/1214822/dropbox-is-filing-for-a-500-million-i...