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Does freight logistics want a one-stop store? That’s Flexport’s take, and possibly that’s one of many the reason why Convoy didn’t work out; nonetheless, it may be too early for this strategy in Latin America. On a distinct observe, buyers nonetheless appear keen to assist startups that assist folks drink much less alcohol, so long as there’s AI concerned.
By the best way, this text will likely be taking a break subsequent week, however I’ll be again December 2.— Anna
Lessons to be taught?
Entrepreneurs usually 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. Yet, 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 “incredible tech stack” it constructed, he was not shopping for its technique.