Wednesday 15th March 2023Filed in: Interviews
This article was originally published on Work With Shop as part of the "Humans of the Shopify Ecosystem" interview series. Work With Shop was a project I started in 2022 and closed in August 2023. However, the interviews contain many great insights and are remain relevant so I have repurposed them here.
Luca Cartechini — Co-founder and CEO of Shop Circle
For this interview we're back heading to London to chat with Luca Cartechini, AC Milan fanatic and Co-founder and CEO of Shop Circle.
At my desk in our office in central London.
I live in London, in the lovely neighbourhood of St. John's Wood.
Co-founder and CEO of Shop Circle.
Every day is different, and I love it. A typical week spans across setting long-term vision and goals for the company, shaping our culture, trying to foster creativity and innovation from the humans of Shop Circle, coming up with new strategic initiatives, speaking with existing and potential customers/partners, hiring, and deepening our relationships with investors.
My co-founder (Gian Maria) and I have always been huge believers in e-commerce as a secular trend and the D2C model. Therefore, Shopify was an easy choice.
Gian Maria & Luca Cartechini
Shopify is an amazing platform with the most prolific B2B app store in the world. We knew we wanted to be part of it. Fast forward two years, and here we are, operating more than 30 apps and supporting more than 80,000 brands all over the world.
We looked at the space and realised that a lot of bootstrapped app developers were missing a piece or two of the puzzle. For some, it was Product Management, for others it might have been a content strategy or efficient marketing.
By bringing together a team of e-commerce innovators and experts from around the world who specialise in these areas, we realised that we could provide a home for these apps to reach their full growth potential and help as many merchants, brands, and creators as possible achieve their goals.
Also, we want to simplify life for our customers, providing them with all of the tools they need to scale their companies under a unified offering.
We have a team that looks at each opportunity's unique features and how it fits into the bigger picture. Given our rapid growth, exact criteria do change, but as a starting point, we look for well-built apps and founders that care about their product and customers.
From a data perspective, we look at metrics like retention, LTV, revenue, growth and profitability.
As mentioned above, the most important thing is that the app is built to create value for its customers. Great customer feedback and reviews and a good ranking never hurts!
We then look at how it can fit into the Shop Circle family and where we can create extra value. Then, as long as the basic metrics match up with what we need, we work together with the developer/founders to come to terms that suit all parties.
We strive to be in all of the channels or touch points where our customers might be. This includes 24/7 customer service, onboarding specialists, partnerships with other agencies and tech providers, content, use cases, word-of-mouth and referrals from other customers and last but not least organic traffic from the Shopify app store.
In general, the partner ecosystem has matured over the past several years. Shopify now allows us to better understand how our webhooks are performing, and which badges our apps qualify for, and the API documentation has improved drastically.
Shop Circle in Neon
One area which continues to be a struggle is attributing installs with analytics data from the Shopify App Store. It's quite difficult to understand how different channels are performing precisely, and as a result, where we should focus more of our efforts. Shopify Ads do a fairly good job of providing some key metrics, but this needs to be extended to other channels.
We want to build the largest community of happy brands, helping them solve their daily pain points. Everything else comes second. If we put our customer's interests first, everything else will fall into place.
High inflation and rising interest rates that might lead to a consumer recession, impacting our customers (D2C brands).
I am a to-do list fanatic. It's fairly simple, every morning, I go through the list and split them into four buckets:
The Shopify community is extremely open and collaborative. Give without expecting anything in return. Make friends and not enemies.
I believe reading helped me a lot, but you never truly learn it until you try. So my mental framework is to minimise regrets. And in order to do that, I need to try new things overcoming the fear of failure. Usually, the downside is smaller than we think. And the upside is we either win or learn.
I am a sucker for personal development books. These are three that had the biggest impact on my life:
The platform has been improving tremendously over the years and definitely has a lot of its core bases covered.
From a merchant or brand's perspective, I would say Shopify's discounting functions have lagged. Traditionally Shopify has only allowed for discount codes or automatic discounts in fairly basic scenarios as opposed to the more robust discount capabilities on other platforms. With Shopify Functions becoming available, however, developers will be able to create custom discounts to solve for some of those missing pieces and cover all of the scenarios merchants are really asking for.
I'm also excited to dive more deeply into the new B2B offering, as this is another area which has so much potential but hasn't been tapped into effectively until now.
Luckily, Shopify has stepped up its game in terms of keeping its partners updated on what's new and coming up. We sent a team to all of the Shopify Unite events this year, subscribe to all the relevant feeds, and take Shopify's audits and suggestions seriously.
Also, since Shopify's API changes have led to several breaking changes this year, our development team dedicates time each quarter to make sure all of our apps run smoothly and take advantage of the newest functionality.
I also use a bunch of other tech tools, such as Confluence, Jira, Partner Stack, Hubspot etc. The proliferation of software is real and that's why Shop Circle exists!
Not really, I used to have four screens when I was in banking, and now I enjoy the flexibility of having a single laptop that I can carry wherever I want.
Sports! Gym, swimming and playing football (the European one!) I also enjoy scuba diving and many other water sports (I'm trying to get better at surfing but with not much success).
Surfs Up!
Over the years, I rediscovered a voracious passion for reading, and I watch way less TV than I used to.
AC Milan winning the Italian football league after 11 years (I cried).
I am pretty active on LinkedIn, and I am trying to be more active on Twitter too!
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