#173: Convoy’s Ripple Effect on Digital Freight Brokerage with Craig Fuller of FreightWaves

Hosted by Santosh Sankar on December 13, 2023

Show Notes

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)

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Find out more at: https://www.dynamo.vc/.

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