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Re:Convoy collapse: Read CEO's memo detailing shutdown of Se... by adastra22 on Thursday October 19, 2023 @03:46PM (#37947742)
According to what’s been said, they were chasing opportunities that they thought would finalize within that timeframe. 4-6 weeks ago they had good leads for closing a deal in 4-6 weeks. None of those happened to pan out this time, but every startup has been at a point like this where runway is coming up short. This is normal and expected operating conditions.

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