Flexport CEO Ryan Petersen on “going big” with $1B funding round, insights from scaling globally, lessons from the pandemic | E1169



about this episode

Check out Flexport: https://www.flexport.com

FOLLOW Ryan: https://twitter.com/typesfast
FOLLOW Jason: https://linktr.ee/calacanis

Listen here:
Apple: https://podcasts.apple.com/us/podcast/this-week-in-startups-audio/id315114957
Spotify: https://open.spotify.com/show/6ULQ0ewYf5zmsDgBchlkr9
Overcast: https://overcast.fm/itunes315114957/this-week-in-startups-audio

Show notes:
0:00 Start
0:49 Jason on the “Tahoe Episodes” & reasons for hope
3:16 Jason intros Ryan Petersen & he explains Flexport’s origins & typical transaction process
12:59 Squarespace – Go to https://squarespace.com/twist for a free trial, and use code TWIST for 10% off
14:41 Ryan’s typing speed, QWERTY origins
18:35 Ryan explains how Flexport makes money, who its main customers are, how shipping payments typically go down & why old maritime law repels banks from financing shippers
26:40 LinkedIn Jobs – Post your first job free at https://www.linkedin.com/twist
28:15 At-scale mistakes leaving larger footprints, investors relations as an at-scale company
34:39 Ryan on his stellar investors, going big by raising $700M from SoftBank in a $1B round
38:43 Checkout.com – Learn more at https://checkout.com/twist
40:09 Scaling to 2000 employees
43:54 Lessons from working in shipping, which was greatly impacted by the pandemic, how Flexport onboarded hospitals to help source PPE
52:26 How US shipping infrastructure reacted to the pandemic
56:12 Ryan’s perspective on our working relationship with China, other up and coming countries
1:04:27 IPO discussion

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