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Flexport CEO Ryan Petersen explains why your initial vision for your company is probably wrong
When Ryan first applied to Y Combinator he wanted Flexport to be “TurboTax for customs.” But that vision changed a lot. As Ryan explains:
“The more you learn and the more customers you talk to and the more vendors you talk to, the more you realize how screwed up the world is in this space. Then [the vision] actually gets bigger and bigger and keeps expanding.”
Y Combinator CEO Garry Tan says this is a common pattern he sees in startups too:
“There’s a misconception that you wake up from a haze and you’re like ‘This is it. This is the vision.” But the story is actually ‘Oh here’s this thing that I know I can solve.’ And then once you solve it and people really like it, it sort of expands and expands.”
Ryan concludes:
“If a founder is too certain of exactly what the vision is and what the product’s going to look like and how it’s all going to work, they’re probably wrong. The world is super messy.”
Full video: Garry Tan “Flexport CEO Ryan Petersen on Scaling a Startup from Zero to $8B“ (Mar 2022)