Interesting that Ryan has an MBA from Columbia business school, contrary to the typical founder in the valley.
Can you expand on what you mean? What does the typical founder have? Is this better? Worse?
Freight startup Flexport soars from ‘unsexy’ to $800M valuation
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Re: Freight startup Flexport soars from ‘unsexy’ to $800M valuation
#82Interesting that Ryan has an MBA from Columbia business school, contrary to the typical founder in the valley.
30% of unicorns are founded by an MBA and 80% of unicorns have an mba on their exec team: https://qz.com/176063/most-mbas-dont-found-billion-dollar-st...
Re: Freight startup Flexport soars from ‘unsexy’ to $800M valuation
#83"And while investors were happily offering it a valuation of $1 billion or more, Petersen didn’t want to get in over his head and risk a down-round later if the market stumbled." This is straight out of Silicon Valley (the show)... why wouldn't you take the best valuation for your company?
Re: Freight startup Flexport soars from ‘unsexy’ to $800M valuation
#84Earlier quoted context omitted.
Sure, that is fair. I probably didn't word it correctly. I mean if you keep repeating that it is "unsexy" people will probably believe it to be true. Why choose to send that message instead of hey we are this sexy logistics company? It's a minor detail, so I don't mean to make too big of a deal out of it. Just seems odd.
It's because tons of unsexy companies had tried doing it the other way, to the point where so many companies have done it that it's started to leave a bad taste in peoples mouth. People are starting to get into the whole, we aren't sexy but we are solving meaningful problems thing lately.
Re: Freight startup Flexport soars from ‘unsexy’ to $800M valuation
#85Re: Freight startup Flexport soars from ‘unsexy’ to $800M valuation
#86Earlier quoted context omitted.
Here's where the market is being irrational in my opinion. I would bet that in 10 years Flexport dwarfs Slack in revenue and in growth potential.
I'd take that bet. Slack is more like Facebook meets LinkedIn.
Re: Freight startup Flexport soars from ‘unsexy’ to $800M valuation
#87Re: Freight startup Flexport soars from ‘unsexy’ to $800M valuation
#88We're hiring! Product + Design: https://www.flexport.com/careers/department/design Engineering: https://www.flexport.com/careers/department/engineering
Re: Freight startup Flexport soars from ‘unsexy’ to $800M valuation
#89Earlier quoted context omitted.
Here we have a business that is going after a huge existing market. For some perspective, Slack is valued at > 5 Billion
Here's where the market is being irrational in my opinion. I would bet that in 10 years Flexport dwarfs Slack in revenue and in growth potential.
Re: Freight startup Flexport soars from ‘unsexy’ to $800M valuation
#90I am a customer. They are my favorite to use, but I don't use them for everything because they don't get me 100% end to end with Amazon. Other companies do. I just talked with someone about this, and I hope that they get into it, even if it's just white labelled through their interface. I had no idea their founder also was involved in Import Genius, but that makes total sense. Huzzah Flexport!