W.
Welcome to TechCrunch Exchange, a weekly newsletter about startups and markets. It is inspired by the daily TechCrunch+ column from which it gets its name. Do you want it in your inbox every Saturday? Sign up here.
Do cargo logistics Need a one-stop shop? That’s Flexport’s view, and maybe that’s one of the reasons Convoy didn’t work; However, it may be too early to adopt this approach in Latin America. On the other hand, investors still seem willing to back startups that help people drink less alcohol, as long as ai is involved.
By the way, this newsletter will go on hiatus next week, but I’ll be back on December 2.— Ana
Lessons to learn?
Entrepreneurs often write postmortems after closing or selling their companies, but it is less common for their acquirers to draw these lessons as well. However, that’s what happened to Convoy, a failed digital cargo unicorn. tech-backbone-of-failed-startup-convoy-e6a1a8ea” target=”_blank” rel=”noopener”>whose technological backbone (including some team members) is being acquired by Flexport.
in a technology-stack-for-undisclosed-sum” target=”_blank” rel=”noopener”>memorandum Quoted by FreightWaves, Flexport CEO Ryan Petersen made it clear that while he was interested in buying Convoy because of the “incredible technology stack” it built, he was not buying into its strategy.
