the level of schadenfreude around situational awareness / leopold is sad
let the man cook, he's having a generational run and even if he loses 80% of his book, he'll end the year with better numbers than most HF managers will ever print.
When the Red Sea Crisis hit, most shippers absorbed the spike in container rates. One vehicle distributor didn't.
They had partnered with @PillarHQ in advance. Their freight lanes were already hedged before any crisis arrived. When rates went up 3x, they saved freight charges while competitors paid the market rate and called customers to have difficult conversations about the landed prices.
That's not a lucky outcome. That's what container freight hedging looks like.
The reason this is still rare: 99% of companies that move goods by container have never heard of hedging. Ship owners and large charterers have used it for decades. The importer, the freight forwarder, the commodity operator who pays for freight and needs to quote a landed cost that still holds when the ship docks β nobody built a way for them to manage this.
Until now.
Upload your shipping manifests or bills of lading. Pillar maps your voyage exposure, builds a hedge tied to your actual shipping routes, and monitors it around the clock as markets move. Every hedge links to a physical voyage. No generic positions, no unmatched exposure.
Protection against spot-rate volatility on your container tradelane of choice. 20ft and 40ft containers, standard and HC. If you have a spot contract, lock in rates for up to a year. If you are on a longer-term contract, make sure the rate actually holds and protect yourself from GRIs and surcharges. The freight bill you quote in January can look very different by April. It doesn't have to.
https://t.co/NjlQyZ3hwX
founder calls me to say he's kicking off his Series A
he just bet me $5k cash he'll have a term sheet by August 7 at midnight PT
unhinged and i love it
what brokers / insurance carriers are underwriting D&O for companies building agentic tools? hearing that larger brokers wonβt place insurance for anyone building agents due to underwriting challenges
all suggestions welcome!