Highlights from their conversation include:
- The failure of Convoy and its impact on the industry (1:25)
- Were Convoy’s margins a factor in failure (5:18)
- The role of investors and understanding the industry (9:31)
- The failure of Convoy's board and understanding of the freight market (11:45)
- Challenges of venture capital in the freight brokerage industry (12:36)
- The impact of cash burn and lack of profitability on Convoy's failure (13:49)
- The rise of Convoy and its advantages (23:11)
- Investor sentiment and the future of the freight brokerage industry (26:15)
- Issues with raising capital (33:46)
- The challenges of building a competitive TMS (36:59)
- The rise of fintech during the financial crisis (44:40)
- Running a business without unlimited cash and resources (46:00)
- The impact of valuations on the industry (47:11)
Dynamo is a VC firm led by supply chain and mobility specialists that focus on seed-stage, enterprise startups.
Find out more at: https://www.dynamo.vc/.
The Future of Supply Chain: a Dynamo Ventures Podcast