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John Phillips is a successful angel investor and a former corporate lawyer. His wealth stems from his early investment in Shopify, where he served on the board of directors from 2010 to 2023. John, along with his wife Catherine, own approximately 1.5% of Shopify. Prior to his investment career, Phillips spent 25 years as a corporate lawyer. His career highlights include a position as general counsel at Clearnet Communications.
John Phillips, a Canadian citizen, was born in the United States. He received a Bachelor of Arts and Science from Trinity College at the University of Toronto and later pursued an L.L.B./J.D. from the Faculty of Law at the University of Toronto.
Phillips began his career in the legal profession, working in private practice at Blake, Cassels & Graydon LLP for 20 years. He then served as general counsel at Clearnet Communications Inc. for nearly six years. Clearnet was later sold to Telus in 2000.
In 2007, Phillips became an early investor in Shopify, an e-commerce software company. His initial investment of $250,000 at a $3 million valuation proved to be highly successful. He subsequently increased his holdings, and by 2019, he held approximately 4 million shares. From 2010 to 2023, he served on Shopify's board of directors. His investment in Shopify significantly contributed to his wealth, with his holdings valued at over $2 billion at the end of 2019. He used a simple checklist to make his investment decision: great management team, great product and market validation in the form of sales.
Besides Shopify, Phillips and his wife Catherine have invested in other early-stage companies. The Phillips' Northpine Foundation has donated hundreds of millions to 168 organizations focused on climate, refugees, and formerly incarcerated individuals.
Graduated with a Law Degree from the University of Toronto.
Began working with Klister Credit Corp., an investment and consulting company, and is currently its Chief Executive Officer.
Made an early investment in Shopify.
Served on Shopify's board of directors.
Gained over $1 billion from his investment in Shopify.
Ended his role as board member for Shopify.
The Phillips' Northpine Foundation has donated hundreds of millions to 168 organizations focused on climate, refugees and formerly incarcerated individuals.
