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Freight startup Flexport soars from ‘unsexy’ to $800M valuation

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Re: Freight startup Flexport soars from ‘unsexy’ to $800M valuation

#91

Earlier quoted context omitted.

"Take problem from one domain you know and make a business by being really good at solving it with something from another domain you know" is a pretty tried and true business strategy.

Which is what makes me sad being primarily a programmer. I often wish I had another career first so that I could use the programming skills to solve something there. As it is, I often feel like a loaded gun without a direction to aim in.

Get out and meet new people and learn new things!

Don't go to your local "I want to build a startup!" meetup as those are almost always useless. 99% of the people there have an idea and "just need someone to build it!"

Instead, check out events, meetups, conferences, trainings outside your core field. I went to a few game developer events and then music+tech meetups and learned a bunch but the most valuable were construction technology. Project management is project management. Accounting is accounting. The industry/situation changes some of the specifics but it's many of the same principles and concepts.

The vast majority are free, you just have to show up.

Re: Freight startup Flexport soars from ‘unsexy’ to $800M valuation

#92
post #58

Earlier quoted context omitted.

I think because freight forwarding and brokering across borders is decidedly "unsexy" to most people.

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.

I have no idea how they see it, but I would like to point out that they're not the first to intentionally market themselves that way. UPS used the slogan "What can brown do for you?" for a while. Interestingly, they're in a related space.

Re: Freight startup Flexport soars from ‘unsexy’ to $800M valuation

#93

We're hiring! Product + Design: https://www.flexport.com/careers/department/design Engineering: https://www.flexport.com/careers/department/engineering

Flexport is also hiring engineering interns! Contact me via my profile here, or apply directly: https://www.flexport.com/careers/job/221999

You can learn more about what's involved on our engineering blog at https://flexport.engineering.

Re: Freight startup Flexport soars from ‘unsexy’ to $800M valuation

#95

Earlier quoted context omitted.

"Take problem from one domain you know and make a business by being really good at solving it with something from another domain you know" is a pretty tried and true business strategy.

Which is what makes me sad being primarily a programmer. I often wish I had another career first so that I could use the programming skills to solve something there. As it is, I often feel like a loaded gun without a direction to aim in.

You should pick up the domain you're programming in. Like when I was working on a product for the construction industry, I knew all about how certain parts of it worked. I knew all the terms and insider slang and quite a few of the problems they face because I built those things for them. There were plenty of problems I heard about that our product wasn't aimed at.

When I was working for the credit industry, and that was only for 2 months, again I picked up a lot of the terms, asked questions about how the debt buying companies works, how were the banks using the information we gave them, how the debt relief system in the uk works, looked up our clients to find out what they do, ask the customer support team what they do, etc.

Now I'm working making tools for the restaurant business, etc., etc.

One of the things I've noticed is that most other programmers don't. Because they don't talk to the sales people. They don't talk to customers. They don't talk to the consultants. They don't ask questions about why they're implementing something. They don't ask how their product is used.

You have to ask yourself, if you're not picking up problems in the domain you're presently working on, why would you if you'd worked anywhere else?

Re: Freight startup Flexport soars from ‘unsexy’ to $800M valuation

#96

We're hiring! Product + Design: https://www.flexport.com/careers/department/design Engineering: https://www.flexport.com/careers/department/engineering

Are you considering summer interns?

Yep! Check my sibling comment. I must have been writing it when you were writing this one.

Re: Freight startup Flexport soars from ‘unsexy’ to $800M valuation

#98
post #24
post #18

Much needed publicity for the whole "unsexy" supply chain startup industry. We're in that space too, and we're hiring in Seattle. Ask away, or contact through my profile

What kind of experience are you looking for a software developing position? Any internships opportunities for a CS indergrad with a statistics minor?

Flexport is hiring engineering interns too.

Our stack is React & Rails, though we don't require any specific experience. All you need is an ability to chew through difficult software problems and an interest in having real-world impact with your code. Contact me via my profile if you're interested, or apply directly at the link below.

https://www.flexport.com/careers/job/221999

Re: Freight startup Flexport soars from ‘unsexy’ to $800M valuation

#99
Love it. Logistics and supply chain verticals are ripe for the taking by young, scrappy, and smart companies.

We're one of them -- and looking for more like-minded people to join us. If you're interested, hit me up at the email in my profile.

I've loved working in the logistics space, because there are so many resources already available. It's a matter of pulling them together into a package of convenience and quality, which is a fun prospect.

Still, lots of complex problems and unique constraints in the space that make for a challenging and ultimately rewarding domain to develop software for.

Re: Freight startup Flexport soars from ‘unsexy’ to $800M valuation

#100
post #25

"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?

It's also bad from a hiring perspective since any incentive stock options may not have much upside unless the strike price is heavily discounted.
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