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Comment by asymmetric

5 hours ago

If it’s touched by Tobias Lütke, I’m out.

Yep, a lot of toxic investors in this. Not touching it with a ten foot pole and lost a lot of respect for Mitchell. A couple of the other investors:

* https://x.com/rauchg/status/1972669025525158031

* https://x.com/search?q=from:lennypruss%20israel&src=typed_qu...

  • Thanks for surfacing this. As another user says below, Mitchell had more leeway in choosing his investors than most anyone. His is a dispiriting choice.

  • These comments are absurd about their investors. I’m sure if their investor list included socialist nobody on HN would bat an eye. Ahh that’s right, socialist are “takers” not “makers”. Age old standing on the pedestal of moral superiority.

    • You may be surprised to hear that the famously socialist paulg might also have a problem with this.

    • why are you bringing your socialist boogeymen into this. what's absurd is that this is somehow louder for you than the real, life-changing actions of the genocidal maniac.

VCs tend to be a toxic bunch. Hard to avoid that in our business

  • in this case mitchell is an exited founder with a net worth of over $1B so he can be choosier than almost anyone in this regard. Deeply disappointing he is taking money from Guillermo

    • things look different from Billionaire Island than they do to us plebs down here. it's crazy to expect such people to do the "right" thing, they're too far gone.

more info please!

  • He thinks ability to vote (and the number of votes you get) should be based on income.

    https://vancouverisland.ctvnews.ca/business/article/shopify-...

    • If you read it again you will notice that technically he thinks that, to satisfy those who believe the wealthy don't pay tax, Canada could use a system to encourage the wealthy to claim income, where that is incentivized by being able to vote. Often the wealthy have no need for income as they already have so much wealth and can easily borrow against that wealth as cash needs present themselves. It is believed (at least as far as the thread went) that the wealthy currently don't pay tax, and thus would be unable to vote, or their vote would count for little, under the proposed since they don't have sufficient income to qualify.

      13 replies →

  • I found this just when I googled his name plus controversy

    > Shopify CEO Tobias Lütke faced fierce online backlash in July 2026 after endorsing a social media proposal for a tax-tiered voting system that would strip voting rights from non-taxpayers and give multiple votes to high-income earners.

    but if we go as far as to say

    > If it’s touched by Tobias Lütke, I’m out.

    does it mean control or sponsored, for example ladybird web browser...

  • Some people believe that anyone who does not maintain 100% ideological purity and goodness, which can be measured by if they align 100% with the persons own and therefore morally good political ideas, which also coincidentally matches the status quo of Brooklyn based journalists, that the heretic must be ostracized from all of society and it is impossible to work with them. Since Tobi Lutke made a mortal sin of disagreeing on suffrage requirements, they should be cast into fire and ostracized.

    • When people who are rich and/or influential loudly and publicly share their political stances, and especially when they put their money toward those ends, it is not unreasonable to expect that to influence the opinions others have of those people, even to the point of saying "I would like to not be associated with them."

      I get the impression that you are among the "stop bringing politics into these non-political places" crowd who believe that this stance is (a) exclusively taken by the left and (b) something that's only happened in the last ten years; I assure you neither of those things are true.

    • I don't think "citizens have a right to vote" is anywhere near the realm of ideological purity or "Brooklyn based journalist" thinking. It's literally just democracy.

      Freedom of speech seems like something Lutke would pretend to like, and him getting torched for his anti-human opinions is a great demonstration of that principle.

    • > Lutke made a mortal sin of disagreeing on suffrage requirements

      I think this is a very tame and apologetic and dishonest way to put it. Suffrage and voting is how people have a voice in the future of their democracy. He advocates for a policy that materially removes that right, that say in the future, from those who already have little power. I don’t know how else to emphasize that it’s more than “they disagree a bit with him and now he’s an impure sinner”, it’s more akin to “this rich dude wants to rewrite the rules to give himself more power and us less”, which is a sober assessment of his policy. I think people actively trying to avoid giving him any more money or power is a very understandable reaction to that

      I think ultimately some parts of ideology are bound to and by the reality we live in, and acknowledging that reality gives a good answer here for when _it seems like_ people freaking out at an “impure idea” - is there a documented harm that we can look at?

      Many people boycott Elon and his products. Do you raise this same “moral purity” complaint about them? Does it ever go in the other direction?

      I think technology and how we build it is deeply tied to us as social, communal beings. Tech can be a reflection of our capabilities, our values. Tech shapes our reality in turn. It’s worth thinking about, being critical of, and believing people when they say what they believe