Flexport

“It's now taking a 115 days on average across our customer base from when the factory says, Hey, these goods are ready. Come pick them up. To when they finally get delivered to a warehouse in the United States. Before the pandemic, that was 50.”

“We ship for probably 80 or 90% of the hot new DTC brands.”

“Uri Milner, who's an early Flexport investor, just donated a hundred million dollars.”

“Probably about half of all of our volumes come out of China.”

“So we've actually got 10 passenger planes that we've leased, and we'll, we'll keep doing more that are not flying any passengers. We're just filling them with freight.”

“So we created a GoFundMe Campaign partnered with Ashton Kutcher and Mila Kunis. Ashton's an early investor in Flexport. And we raised twenty five million bucks to pay for shipping to deliver goods.”

“First revenue was in 2014. We did two million dollars in revenue that year. We're on track this year to do five billion dollars in revenue.”

“We invested in Andrewl with Palmer. We have a small investment in Flexport, which should have been one of the biggest mistakes the last 10 years of my career is not putting more money in Flexport.”

“I'm super pro-founders running their companies. I think that's, so this is why I'm celebrating, ah, celebrating that Ryan is coming back, and also Ryan is totally fucking awesome, so .”

“And what has happened is a 60% decline in bookings of ocean freight from China to the US.”

“So like we, we're making thousands of phone calls a day using AI calling truck drivers.”

“Six years ago in a hackathon, we got to like, 70% accuracy. We're now in high nineties accuracy versus what a human trained expert will get to.”