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A comment on Bezos-Backed Startup Convoy Closes Operations with No Buyer.

Re:Bezos-Backed Startup Convoy Closes Operations with No Buyer by xyst on Thursday October 19, 2023 @07:55PM (#37950413)
Never heard of this company. Thought it was another automated trucking company. Bloomberg profile of the company shows it’s actually a platform for truckers (finding “routes”), and larger companies to manage routes, their fleets, and status of delivery. Most of this appears to rely on GPS.

Not sure why this was valued at $3.8B. Wall Street investment bankers smoking crack while evaluating this one.

[ Parent | on HN ]
Re:Bezos-Backed Startup Convoy Closes Operations with No Buyer by chadash on Thursday October 19, 2023 @08:39PM (#37950775)
Because trucking is an enormous industry and $3.8b is a tiny slice. Sure, it's a tough nut to crack, but if someone does crack it they can be worth a lot more than that.
[ Parent | on HN ]
Re:Bezos-Backed Startup Convoy Closes Operations with No Buyer by paulddraper on Thursday October 19, 2023 @08:35PM (#37950730)
> Never heard of this company.

Well that puts you in a prime position to value it.

[ Parent | on HN ]
Re:Bezos-Backed Startup Convoy Closes Operations with No Buyer by hshsbs84848 on Thursday October 19, 2023 @09:37PM (#37951279)
It was basically Uber for truckers
[ Parent | on HN ]