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Does freight logistics want a one-stop store? That’s Flexport’s take, and perhaps that’s one of many explanation why Convoy didn’t work out; nevertheless, it may be too early for this strategy in Latin America. On a special observe, traders nonetheless appear keen to help startups that assist folks drink much less alcohol, so long as there’s AI concerned.
By the way in which, this text will probably be taking a break subsequent week, however I’ll be again December 2.— Anna
Classes to study?
Entrepreneurs typically write postmortems after shutting down or promoting their firms, however it’s much less widespread for these classes to be drawn by their acquirers as properly. But, that’s what occurred to Convoy, a failed digital freight unicorn whose tech spine — together with a number of group members — is being acquired by Flexport.
In a memo quoted by FreightWaves, Flexport CEO Ryan Petersen made it clear that whereas he was eager on shopping for Convoy due to the “unbelievable tech stack” it constructed, he was not shopping for its technique.