
Brendan Samek
889 posts

Brendan Samek
@brendan_samek
Tinkerer. Optimist. Paddler. Builder. Head of Engineeering @build_canada Leading @canada_spends Building Canada by building Edmonton


Avi Lewis on CBC claims "We're talking about, for instance, with groceries developing a chain of 50 publicly owned and operated grocery stores across the country with six or seven regional distribution hubs that would be able to provide groceries to Canadians 30 to 45% cheaper than what they're paying right now." Then he claims "To just blast this idea out there on social media platforms and we got thousands of responses from conservatives who were interested in this idea of a public option for groceries." Margins at grocery stores are notoriously low in the 3–5% range. Looks like Avi's strategy is to out BS Mark Carney, Master BS'er @avilewis






Canadians should know that this is ultimately a transfer of development charges from developers to taxpayers. The Build Canada network has put forward a plethora of structural solutions to this problem across multiple housing memos, which you can read in this thread. 👇










Tobi Lutke explains what the VCs who passed on Shopify got wrong Tobi recounts pitching Shopify to VCs on Sand Hill Road a few years after founding Shopify. Investors passed because they thought the addressable market was too small. At the time, there were about 40,000-50,000 online stores, and even if Shopify captured 50% of the market, that still wouldn’t be a venture-scale business. When Tobi ran into the VC partner a few years ago, the partner asked Tobi what he missed (Shopify is valued at almost $100 billion today). Tobi explained: “You were actually correct, but what you didn’t realize was that Shopify was the solution to the very problem you identified. The reason there was only 40,000 online stores was because it was hard, expensive, and everyone who tried ran into all these brick walls of complexity, which Shopify, one after another, smoothed over and made simple to do.” Tobi believes this is a common mistake: “What a lot of free-market thinkers don’t understand is that between the demand and eventual supply lies friction. And I actually think that friction is probably the most potent force for shaping the planet that people just generally do not acknowledge… That was my theory when I turned my snowboard store into Shopify: there was a lot more people like me except there was too much friction which we needed to solve. And Shopify has proven out that every time we make the process simpler, there’s more consumption. At this point, we have a million merchants on Shopify, which is a mind-blowing number. So friction is a major component, and it’s something that software is uniquely good at reducing.” Video source: @danmartell (2019)






Transparent governance builds better government. As we approach the one-year anniversary of the 45th Parliament of Canada, we're launching our Outcomes Tracker. View the status of 603 commitments made by the federal government at a glance at buildcanada.com/tracker 📊










