FreightWaves CEO Craig Fuller and Dynamo Managing Partner Jon Bradford team up on this show about their vision and view of where the world exists in the intersection of freight and venture capital.
On this episode:
WeWork’s Emperor’s New Clothes moment. Are they this cycle’s Pets.com?
Also, Craig and Jon discuss all of the emerging trends in the FreightTech space and talk about market economics and opportunity in the venture capital market.
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Apple Podcasts: https://podcasts.apple.com/us/podcast/for-freights-sake/id1483839863
Spotify: https://open.spotify.com/show/186RXXVieFDN8HdfCFk5Cy?si=aGJBvlsBRpu2IhA1CLW7JA
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David
Great discussion. I’d like to see an episode on cash burn, use of funds and the new “unicorns 2.0” as recently termed – which are startup industry disruptors that are PROFITABLE. In freight, these are few and far between, such as KeepTruckin, AscendTMS and FourKites etc. For every 1 profitable company there are 100+ that aren’t even growing sales, let alone profits.
Also, great points on the incumbent players. These VERY profitable legacy players have carefully watched the market and have seen what “sticks” before they invest and partner. For example, CH Robinson and AscendTMS, the Telematics providers and KeepTruckin, and even Maersk and Loadsmart (even though Lodsmart are burning cash, Maersk – the key investor – is a huge potential customer who is able to get them to profitability over time if they use the product they are investing in.)
PROFITABILITY is key to LONGEVITY. THe moment there is a recession or downturn, you will see hundreds of startups go under as their cash lifelines dry up and they have no cash reserves – or a real business – to keep them going.