Flexport CEO Ryan Petersen made it clear that while he was keen on buying Convoy because of the "incredible tech stack" it built, he wasn't buying its strategy.
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Flexport’s Ryan Petersen joins venture firm Founders Fund as a partner
Flexport founder Ryan Petersen has joined venture capital firm Founders Fund as a partner, as reported by Forbes earlier today. Founders Fund confirmed the move to TechCrunch, providing the following statement from General Partner Trae Stephens: “We’ve always struggled to define the quintessential Founders Fund founder. Clearly, it’s Ryan. We’re thrilled to welcome him to […]
Jul 10, 2023
Flexport acquires technology of former digital freight unicorn Convoy
Supply chain logistics platform Flexport is acquiring the assets of shuttered digital freight network Convoy, according to a memo Flexport CEO Ryan Petersen sent to staff Wednesday. Flexport will restore Convoy’s trucking logistics services for customers in the coming weeks, according to the memo, shared by Freight Waves. Petersen said Flexport won’t acquire the business […]
Nov 1, 2023
Flexport founder rescinds dozens of job offers to get ‘house in order’ days after CEO pushed out
When Flexport founder Ryan Petersen picked Amazon consumer chief Dave Clark to lead the buzzy freight forwarding and logistics startup, he noted that they needed an “entrepreneur” and a builder, not another executive. It seems the pair had different visions for what that meant. And now, with Clark suddenly out after just one year on […]
Sep 8, 2023
Portex founder Brittany Ennix learned the importance of supply chains from Uber and Flexport
Brittany Ennix first became interested in supply chains as a child. Her grandfather worked for the Ford glass manufacturing plant, where she says he gave her an appreciation for the complexity of building something. When Ennix moved to Silicon Valley and worked for Uber and later Flexport, her fascination for the industry grew, until she had an idea for how make the supply chains more efficient for small and mid-sized businesses. “Most of us don’t think about supply chains on a day-to-day bas
Sep 5, 2024