Oren Zaslansky
๐ค SpeakerAppearances Over Time
Podcast Appearances
Little players have a chance to participate day one.
The challenge, though, is
There's no clear aggregated point of volume where you can just go plug into a startup, either as a partner or to acquire.
Obviously, we've got a pretty big balance sheet.
We also have enormous capital partners who would love.
We had a board meeting a few days ago, and they're asking me, hey, any acquisition targets?
We got our checkbook out.
We feel pretty great about you.
And the answer is, we're looking at it.
We're looking at it.
But it's unclear that acquisitions are always the panacea that many believe.
Pretty gruesome.
75% to 80% of acquisitions destroy value.
Flock is not being built to say, yay, we're a billion-dollar company, do some secondaries, and that's that.
Flock is being built to be a hardened, scalable platform that goes into the public markets and endures for decades and fundamentally changes the way freight moves in this country initially and then ultimately globally.
So it's not to say we're adverse to some easier, fast wins.
I mean, those are nice to have, but it's not what we're focused on.
We're focused on long-term value.
Yeah.
I haven't had exits, but I have founded two previous traditional freight companies and I've made a very nice living for 10, 15 years.