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Oren Zaslansky

๐Ÿ‘ค Speaker
299 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

Little players have a chance to participate day one.

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

The challenge, though, is

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

There's no clear aggregated point of volume where you can just go plug into a startup, either as a partner or to acquire.

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

Obviously, we've got a pretty big balance sheet.

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

We also have enormous capital partners who would love.

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

We had a board meeting a few days ago, and they're asking me, hey, any acquisition targets?

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

We got our checkbook out.

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

We feel pretty great about you.

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

And the answer is, we're looking at it.

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

We're looking at it.

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

But it's unclear that acquisitions are always the panacea that many believe.

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

Pretty gruesome.

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

75% to 80% of acquisitions destroy value.

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

Flock is not being built to say, yay, we're a billion-dollar company, do some secondaries, and that's that.

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

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.

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

So it's not to say we're adverse to some easier, fast wins.

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

I mean, those are nice to have, but it's not what we're focused on.

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

We're focused on long-term value.

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

Yeah.

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

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.