The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 15 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Petersen: Almost all logistics competitors have suffered major cyberattacks
“Almost all of our competitors have had major hacks in logistics. Like, it's been a major target area for cyber, and there's been a lot of, like, ransoms.”
Petersen: Flexport grew engineering to 1,300 before laying off half the team
“We let go of a lot of amazing people a few weeks ago. We let go of about half of our engineering team. We know we grew our engineering team this year from 450 software team members, product and engineering team members to 1300.”
Petersen: Shipping Fiji water emits less carbon than trucking from Rockies
“Shipping it from Fiji to the west coast of the United States emits way less carbon than running a truck from the Rocky Mountains to the west coast.”
Flexport Operated Without a Board of Directors Until Raising $30 Million
“We didn't have a board at Flexboard until we'd raised thirty million dollars and just created the board after the Series B when we raised another 65.”
Petersen: Flexport cut 27% of costs in his first five weeks back
“We cut 27% of our costs already in my first five weeks.”
Petersen: Flexport will reach profitability by end of 2024
“We've got a roadmap to get the company profitable by next year, by the end of next year without raising prices for our customers.”
Flexport is the only top 100 freight forwarder founded after 1994
“Flexport's now the third largest of the American companies and top 10 globally. And if you look at the top hundred providers of global freight forwarding services, customs brokerage and freight forwarding, we're the only one founded after the web browser was i…”
Petersen: Flexport generated over $2B in revenue last year
“My first Excel my first and only financial model that I made for myself for the business got to one million of revenue, right? Like, we did over two billion last year, so.”
Petersen: Flexport raised nearly $2B and still holds $1B in cash
“We raised a billion dollars in 2019 and then in 2022, we raised nine hundred eighty four million dollars. That turned out to be true. Like that we were kind of at the peak of the bull market and that balance sheet serves us very well today that we have a billi…”
Petersen: Average hourly wage in Mexico is lower than in China
“The average hourly wage in Mexico is now cheaper than in China.”
Petersen: Global trade has grown 4% annually since 1200 AD
“Global trade has grown four percent annually since the Mongol invasions in around 1200 AD.”
Flexport's $65M Series B Was Raised Almost Entirely From Insider Investors
“Our series B was Done almost entirely by insiders, by people who had been in the series A and even, and a lot of the money came from people who were in our seed round.”