Flexport: A Logistics / Freight Startup

[admin]

But don’t take our word for it. SoftBank’s Vision Fund is leading a $1 billion funding round in logistics startup Flexport at a very sexy valuation of $3.2 billion, per Forbes.

What Flexport does: Uses software—and physical assets like warehouses—to help companies transport goods. In industry lingo, it’s known as a “freight forwarder.”

And SoftBank CEO Masayoshi Son doesn’t write massive checks to just anyone (okay...he kinda does), so what’s special about Flexport?

• Disruption: Flexport is bringing modern tech to an ancient industry, where vets use a combo of email, phone, and spreadsheets to track complex supply chains. Flexport CEO Ryan Petersen told Forbes, “Of the top 100 freight forwarders, we are the only one founded after Netscape.”
• A kindred spirit: Petersen jives with Masa’s long-term approach (that 300-year plan tho) and his ability to help startups scale.

Bottom line: Forbes reports Flexport’s 2018 revenue was $471 million, and with logistics and transportation accounting for ~7.5% of U.S. GDP, there’s a lot more up for grabs.

 

[James Thomas Rook Jr.]

Let's assume I had a billion and a half dollars to spend any way I want.

I would keep out 20 million for myself and invest the whole potload into SPACEX.

Earth is the cradle of civilization and humanity ... but there comes a time when we need to leave the cradle.

[Queen Esther]

In our future-time we don't need any money, its over!  We will see, to which planets we move or not, haha    

[James Thomas Rook Jr.]

In the future, if I want to buy a tank of gasoline, for my car, I suppose I will need to have the trunk of the car filled with gadgets, chickens, and small pigs to trade.

If a pig is more valuable than a tank of gasoline ... I can get change, in hamsters.

[Queen Esther]

Forget it.....  such of curious things we don't use in the future !  You will get big eyes, what wonderful things waiting of us....  But NO gasoline, NO money, NO poisons etc, only the best for people.  I believe you know it,  I only read your funny jokes here, haha