The Rise of Ryan Petersen

How Flexport's Founder Built an $8B Industry Disruptor

Hey there my friend, Justin here, and welcome to Just Go Grind, a newsletter for the ambitious. Thank you to the 155 of you who joined since the last edition, if you aren't subscribed, and want to join 1,179 other subscribers, please subscribe below:

Together with Masterworks

Billionaires wanted it, but 54,578 everyday investors got it first… and profited

Masterworks

When incredibly valuable assets come up for sale, it's typically the wealthiest that end up taking home an amazing investment. But not always

One platform is taking on the billionaires at their own game, buying up and fractionalizing some of history’s most prized blue-chip artworks for its investors. In just the last few years, its investors have realized annualized net returns of 17.8%, 21.5%, 35% and more.

It's called Masterworks. When Masterworks sells a painting – like the 16 it's already sold – investors reap their portion of the profits.

Offerings can sell out in minutes, but Just Go Grind readers can skip the waitlist to join.

Want to showcase your company to 23,000+ founders, operators, and investors? Get started here.

Ryan Petersen

Ryan Petersen: Flexport

For the last decade, Ryan Petersen has been working on modernizing a massive, yet archaic, industry.

His company, Flexport, was last valued at $8B and competes in the multi-trillion dollar global logistics industry with companies that have been around since the 1800s.

And, as you’ll soon read about, Ryan has chosen his own path to success.

Sure, like many other founders he went after solving a personal pain point, but unlike many others, he decided to do it in an industry that accounts for more than 10% of the entire world’s gross domestic product.

His ambition, while in a different industry, is reminiscent of the unrelenting ambition of Sam Altman I previously wrote about. And, like Sam, he’s a prolific angel investor.

Along the way in Ryan’s journey, Flexport has grown into one of the world’s most influential companies, not just in their core business, which did $3.3B in revenue in 2021 and was projected to do $5B in 2022, but with their impact arm, Flexport.org, which I’ll also dive into a bit in this piece.

Ryan has quite the story.

Let’s get to it.

Subscribe to Premium to read the rest.

Become a paying subscriber to get access to this post and other subscriber-only content.

Already a paying subscriber? Sign In.

A subscription gets you:

  • • Premium subscriber-only editions
  • • Access to 65+ founder deep dives and the entire history of posts
  • • Early access to events

Reply

or to participate.