Ryan Petersen
👤 PersonAppearances Over Time
Podcast Appearances
And the peak COVID was, you know, famously got to like $20,000.
But it was $600 that year.
And that was an early year.
We did YC in 2014.
And in 2016, we took that as cheap prices and just passed them through to customers.
And it led to crazy growth for us.
Good lesson, actually, that we don't want to be able to play that strategy.
Pass through low costs and you'll grow really fast.
2019, we got the funding from SoftBank.
And then we did, I hired a CTO that year.
Really upgraded, go invest in our tech.
We hired a CTO from Amazon Logistics.
And he helped us build like some of that workflow software that I just described.
It was like, he kind of architected that.
And then COVID hit.
And that's where I say Flexport looked really great.
Like, we turned profitable in 2022.
Our revenue peaked at $3.8 billion because the price of freight was so high.