In Depth

How young outsiders changed the shipping industry by finding product-market fit again and again | Laura Behrens Wu (Shippo)


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Laura Behrens Wu is the Founder & CEO at Shippo, a company that has raised $100m+ and was last valued at $1b in 2021. Shippo provides an API and dashboard that makes shipping easy for e-commerce businesses, marketplaces, and platforms. Prior to starting Shippo, Laura graduated from Harvard University, and was heavily influenced by a short internship at LendUp, which exposed her to Silicon Valley and startup culture. 


In today’s episode we discuss:

  • Shippo’s pivot-stricken origin story
  • Finding product-market-fit, again and again and again
  • Laura’s unique take on founder-market-fit
  • Advice on talking to users
  • The 3 Horizons Framework for prioritizing resources across a core business and longer-term bets
  • The email Laura sends every Sunday because of Frank Slootman’s advice

  • Referenced:

    • Amp It Up by Frank Slootman: https://www.amazon.com/Amp-Unlocking-Hypergrowth-Expectations-Intensity/dp/1119836115
    • Expedia: https://www.expedia.com/
    • FedEx: https://www.fedex.com/
    • Frank Slootman: https://www.linkedin.com/in/frankslootman/
    • Jerry Colonna: https://www.linkedin.com/in/jerry-colonna-reboot/
    • Josh Koppelman: https://www.linkedin.com/in/jkoppelman/
    • Khalid Halim: https://review.firstround.com/the-science-of-speaking-is-the-art-of-being-heard
    • LendUp: https://www.lendup.com/
    • Shippo: https://goshippo.com/
    • Shopify: https://www.shopify.com/
    • SMBs: https://www.fool.com/the-ascent/small-business/articles/smb-business/
    • Stripe: https://stripe.com/
    • UPS: https://www.ups.com/us/en/global.page
    • 70/20/10 rule from Google: https://www.itonics-innovation.com/blog/702010-rule-of-innovation

    • Where to find Todd Jackson:

      • Twitter: https://twitter.com/tjack
      • LinkedIn: https://www.linkedin.com/in/toddj0

      • Where to find Laura Behrens Wu:

        • Twitter: https://twitter.com/LauraBehrensWu
        • LinkedIn https://www.linkedin.com/in/laurabehrenswu
        • Personal website: https://laurabehrenswu.com/

        • Where to find First Round Capital:

          • Website: https://firstround.com/
          • First Round Review: https://review.firstround.com/
          • Twitter: https://twitter.com/firstround
          • Youtube: https://www.youtube.com/@FirstRoundCapital
          • This podcast on all platforms: https://review.firstround.com/podcast

          • Timestamps

            (02:36) The Shippo origin story

            (06:57) Why they pivoted into Shippo

            (11:01) How they got their first customers

            (13:27) The role of timing in Shippo's early success

            (14:40) The value of being an outsider

            (17:49) When founder-market-fit is and isn't necessary

            (19:07) The path to product-market-fit

            (22:06) What kept the Shippo team persisting

            (24:41) Advice on talking to users

            (29:28) Shippo's fundraising journey

            (34:26) Finding product-market-fit again and again

            (37:54) The 3 Horizons Framework

            (45:04) Shippo's culture and early team

            (49:17) Hiring people you can learn from

            (50:40) Laura's most impactful hires

            (52:12) Frank Slootman's "Sunday Email”

            (55:43) Laura's #1 piece of advice for founders

            (57:34) The most memorable influences on Laura's career

            ...more
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            In DepthBy First Round

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