Ryan Petersen
Co-founder 2013Background
Ryan Petersen founded Flexport after building ImportGenius, which gave him direct exposure to customs records, trade data, and the manual processes behind international shipping.
Role at Flexport, Inc.
Flexport possesses a modern, audacious Silicon Valley founding story, rooted in a deep-seated frustration with the archaic, frustrating mechanics of importing physical goods from China. The company was founded in 2013 by Ryan Petersen. Petersen possessed unique, hands-on experience in global trade. Before founding Flexport, he and his brother ran a successful, albeit frustrating, e-commerce business. They bought quantities of cheap products (like sinks and dirt bikes) directly from Chinese factories and sold them on the internet in the United States. Petersen was infuriated by the chaos of the freight forwarding industry. Coordinating a single shipping container required hundreds of confusing emails, faxes, and opaque pricing structures. The incumbent forwarders offered no transparency regarding where the cargo actually was on the ocean. To solve this, Petersen initially founded ImportGenius, a successful data company that scraped US customs manifests to provide intelligence on global supply chains. Realizing the software opportunity was significantly larger than just data, Petersen applied to the prestigious Y Combinator accelerator in 2014 with a foundational vision: to build the 'operating system for global trade.' He founded Flexport as a fully licensed, digital-first freight forwarder. His brilliant masterstroke was combining complex, modern software engineering with the gritty, physical reality of leasing airplanes and warehouse space. Petersen's ambition and charismatic ability to raise billions of dollars from venture capital firms (like Founders Fund and Andreessen Horowitz) transformed Flexport from a small San Francisco startup into a disruptive force attempting to drag the stubborn, multi-trillion dollar shipping industry into the 21st century.