Why Just Copying Big Tech Never Works ft. Varghab Bakshi
EPISODE NOTES
Vargab Bakshi, the man who led Shopify and Wix across India & APAC and helped spark India’s SMB e-commerce boom breaks down what truly makes Shopify unbeatable. 💡 His core insight? You can clone the product, but you can’t clone the platform. Why Shopify Is So Hard to Beat 🧱 Product vs Platform: Anyone today can hire great engineers and rebuild Shopify’s software. But rebuilding its global partner + developer ecosystem? Nearly impossible. 🌍 Ecosystem Value Over Company Value: Shopify does ~$10B in revenue… but its partners earn ~$20B+ on top of the platform. That’s the real moat, thousands of businesses making more money than Shopify itself. 📦 $1 Trillion+ Sold on Shopify: Sellers on Shopify have crossed over a trillion dollars in GMV. That level of network effect can’t be disrupted…