Alex and Passport have been relentless in their execution since our investment in their first pre-seed round! Through a pandemic, a DTC crash, and everything in between. Happy to see a great guy (and his team) win! Global-e seems like a perfect match!
Today marks one of the most meaningful milestones in Passport’s journey: we’ve signed an agreement to be acquired by Global-e
Nine years ago, Passport started with a simple but ambitious vision: Help brands reach their global potential. Since then, we’ve built a proprietary global shipping network that now leads the market in transit times and customer experience, along with a full suite of solutions that supports brands at every stage from cross-border enablement to in-country operations and marketplace management. And most importantly, we earned the trust of incredible brands and 3PLs around the world.
What makes this moment special is that great companies are bought, not sold. As we continued to build for the future, Global-e approached us because they saw the value in what this team built: our logistics infrastructure, our operational depth, our customer relationships, and our approach for enabling global commerce.
This partnership is so exciting because our visions to help brands go global are deeply aligned. Together, we can help more brands expand globally, faster and more confidently, with a more complete solution than either company could offer alone.
To our customers: thank you for trusting us with your brands, your growth, and your customers around the world. Many of you took a chance on Passport early, partnered closely with us, pushed us to improve, and helped shape the company we are today.
To our partners: thank you for helping us build a truly global ecosystem. Cross-border commerce is impossible without strong operational and strategic partnerships, and we would not be here without you.
To our investors: thank you for believing in Passport’s vision from the beginning and for supporting us through every stage of growth. Your partnership, guidance, and conviction helped us build a company capable of redefining what global commerce can look like for modern brands.
And to the Passport team: thank you. This moment belongs to all of you. Thank you for the late nights, the ownership, the resilience, the creativity, and the belief in what we were building especially during the hard moments. What this team accomplished over the last 9 years is extraordinary, and this acquisition is a direct reflection of that work.
I couldn’t be more proud of what we’ve built together.
And the best part is we’re just getting started.
Press Release here:
https://t.co/rgtNENWSgz
@Briviagra D'accord sur presque tout. Ensuite tu regarderas ton salaire différemment quand tu auras une famille avec plusieurs enfants.... mais tu as le temps... et ton constat sur l'internalisation de cette théologie est tellement juste.
Hamas Declares War: In a bizarre twist of events, Hamas has officially declared war on me today, calling me a “suspicious figure,” after its leader, Basem Naim, came out against me because a Board of Peace official had retweeted a post of mine, triggering a cascade of events by the terror group and its online armies. Naim said that I am a “suspicious person” who has maligned Hamas and that my condemnation of the terror group is “fascist, racist, and extremist” because, according to Naim, my depictions of Hamas are “inaccurate.”
He attacked the Board of Peace official for retweeting me, questioning how a “suspicious” person like me could be taken seriously. Hamas’s media office then issued statements on my page, while their outlets published articles inciting against me and accusing me of “marketing Zionist projects to eliminate the resistance and deport Gaza’s population,” all of which began trending on Gazan social media.
Hamas didn’t just go after me; they also viciously attacked the UAE and its leadership, claiming I am “wholly financed by the Emirates” and an “agent of media empires they control.” They even targeted the Realign For Palestine initiative, falsely alleging that the UAE Foreign Ministry funds me (they don’t). Hilariously, they added that I write for “Zionist platforms like Haaretz to malign the resistance” and call for peace and reconciliation – interestingly, I’ve only ever written for Haaretz twice in 2017 and 2024.
Unfortunately, attacks by Hamas’s leaders and government against me triggered an avalanche of online hate by the group’s members and terrorists, including those who were calling for there to be “operations like the 1972 Munich attack to deal with agents and those who seek to weaken the resistance in Western countries,” in reference to me.
All of this started because of a post that called out Hamas for not allowing the construction of new accommodations for displaced Gazans near the Rafah area beyond the “Yellow Line,” and because I said that, like many other conflicts, civilians must not be left along with combatants if there is ever to be hope for the removal of terrorists and the reconstruction of Gaza for its people.
Hamas knows exactly why my words hit a nerve. They know that moving civilians out of the red zone they control and creating a new reality beyond the “Yellow Line” with better housing, health, education, and security under an International Stabilization Force and a new Gaza police force is the only strategy that will weaken them. They fear any plan that removes their leverage, their ability to weaponize Gazans suffering, and their access to aid and resources.
So if Hamas and Basem Naim want a war, they have one. And I’m only getting started. Now that we know what triggers them, this is precisely the strategy the Arab world, the international community, the United States, the European Union, the Board of Peace, Israel, and the United Nations must pursue, maximally and without hesitation.
@tomosman Be careful the local propaganda from shiite influencers. And none of us were on Apple Maps in Lebanon 2 months ago....
On a separate note: https://t.co/5s751o8K1m
Mein Kampf has been one of the most sold books in Arabic libraries for more than a generation; and I say this from personal experience, not from statistics.
Three of my uncles in Lebanon were book publishers. Growing up, I attended Arabic book fairs every year. And I remember clearly that among the first books my hands fell on as a young Muslim in Lebanon were the Protocols of the Elders of Zion and Mein Kampf; books I read before I ever read the Quran, because my parents were liberal Arab nationalists, not devout Muslims.
This is not an abstraction. This is the culture that Arab and Muslim children grow up swimming in.
@tomosman Apple Maps doesn't show the name of any town in Lebanon except for Beyrut and Tyr - but it shows restaurants or local town features. Weird indeed. But it is true even in the north where there are not combats, so I would not see it as a conspiracy or anything like it.
@JesseTinsley Now the issue is that a $2m ARR SaaS with $100k EBITDA never would sell for less than $2m unless the founder is forced to by tough circumstances.
@JesseTinsley Besides SaaS is under long-term cash flow threat from AI itself, so if you pay 4x EBITDA, you need massive EBITDA increase to make your money.
I am testing it out, but it is likely that the opportunity sits more for larger SaaS with less EBITDA, but a higher revenue base.