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The Pitch

#89 A Big Bet on an Ex-Trucker

The Pitch

Josh Muccio

Technology, Business, Investing, Entrepreneurship

4.61.5K Ratings

🗓️ 6 May 2020

⏱️ 31 minutes

🧾️ Download transcript

Summary

For years, Pierre Laguerre worked as a truck driver. During those years he saw one of the biggest inefficiencies in the industry up-close: getting available drivers matched with trucks ready to get on the road. Barely a year after launch, his business, Fleeting, is growing fast. But he’ll have to convince the investors he has the technical savvy to make the company grow even faster. And he’ll need to tackle another problem: how to adapt to an industry transformed by COVID-19. Today's investors are Maia Bittner, Elizabeth Yin, Sheel Mohnot and Charles Hudson. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Trucking was one of the very first industries in the US to be upended by the COVID-19 pandemic.

0:06.0

And today's founder, Pierre Laguerre, has a trucking startup.

0:09.9

His business has also been upended, but maybe not in the way you'd expect.

0:14.7

Before we get to that, Pierre made his pitch to our investors back in December 2019.

0:20.3

His goal to transform the trucking industry, an industry worth almost 800 billion dollars.

0:26.0

He wants to use technology to solve one of the most basic problems about trucking,

0:31.0

which is, how do you match the right drivers with the right

0:33.9

cargo at the right time. He knows a truckload about being a trucker, but to get the

0:39.2

money he needs he'll have to convince the investors He has the business chops and technical savvy to pull it off.

0:46.0

From Gimlet, this is the pitch.

0:48.0

I'm Josh Muccio.

0:50.0

Let's meet the investors.

0:52.0

I'm Maya Bitner.

0:53.0

Maya built two financial tech companies and sold them both.

0:57.0

Now she's out scouting startups for Sequoia,

0:59.6

one of the biggest VC firms in Silicon Valley.

1:02.2

I'm Elizabeth Yin.

1:03.4

Elizabeth is a managing partner at Hustle Fund,

1:06.2

and so far she's invested 30 million

1:08.5

in over 250 startups.

1:10.6

One example, a company called Nerd Wallet.

1:13.0

I'm Scheel Manette.

...

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