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'The round came together over the summer, but “we’ve grown revenue 80% in two months,” and racked up $500,000 in August, Petersen says'
What does that mean, 'racked up'? Surely they are not 'very profitable' and also worth $300m on a $6m revenue run rate...right?
Also -- seems like a great company and power to them. Just confused by that line in the article.
Flexport customer here; compared to working with other freight forwarders abd customs brokers the experience is night and day a better and simpler experience.
You can't just make accounts to justify your company valuation.
There is also lots of fake comments praising the company in this thread. Very weird to do this at this stage of company.
I don't know much about Flexport but it feels like a scammy company to me. I listened to the their interview at start up schools radio, I didn't like their attitude. There is also lots of fake comments praising the company in this thread. Very weird to do this at this stage of company.
Calling a company scammy because you don't like their "attitude" might be jumping the gun.
As a former developer at one of the mentioned "large competitors", it became clear to me that the logistics and shipping field is wide open for startups like Flexport. DHL and Expeditors are still thinking it's the 80s and they don't know any other way of conducting business. Congrats on the raise, I can't wait to see what you guys do in the future!
My experience with flexport has been nothing short of awful. Poor sourcing, unqualified staff, and high prices. Compared to established enterprises that are experienced shipping perishable goods reliably they are not a serious competitor. Flexport couldn't even tell me the dimensions of the crates, number of crates, or weight of the crates they were supposed to deliver. Innovation is not a pretty UI in the freight in…