Investor recalls Shopify's early days when a $50M exit seemed the ceiling

Elizabeth Yin recounts how only Aydin Senkut believed Shopify could exceed a $50M exit in 2010, and shares the real costs of investing internationally, from capital controls to PFIC taxes.

2026-10-06 ~ 2026-10-06 · 4 related posts

• Shopify's own shareholders once saw a $50M exit as the ceiling; the company is now worth ~$100B — dunkhippo33 · 2026-10-06
• Only one investor, Aydin Senkut, bet against the $50M ceiling — that company became Shopify — dunkhippo33 · 2026-10-06
• The real costs of international investing: capital controls, currency risk, and US PFIC rules — dunkhippo33 · 2026-10-06
• Investor's one extra question for international deals: why am I seeing this deal at all? — dunkhippo33 · 2026-10-06