Shopify Start Up Pitch Deck

Strong Consistent MRR Growth $1.1M- Q1 2012 || Q1 2013 85% CAGR Q1 2014 Q1 2015 $9.8M Monthly Recurring Revenue, or MRR, is calculated at the end of each period by multiplying the number of merchants who have subscription plans with us at the period end date by the average monthly subscription plan fee revenue in effect on the last day of that period, assuming they maintain their subscription plans the following month. 21

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