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An oddly written story. Claims significant money invested in these companies ("$1 billion since the start of 2014") and proceeds to name only two -- Flexport an
by mark212 11y ago
An oddly written story. Claims significant money invested in these companies ("$1 billion since the start of 2014") and proceeds to name only two -- Flexport and Freightos. The latter of which doesn't seem to fit the central disruption-of-established-industry theme because they sell software to the incumbents.
- mring33621 11y agoImproving the performance of the incumbents is one desired effect of disruption. They can choose to be proactive or reactive in their attempts to protect market share from new entrants.
- thedogeye 11y agoYeah that confused me too. The $1B must be referring to the money raised by XPO.com from private equity backers to roll up a bunch of old school freight forwarding businesses. There's no tech involved in that play though, so it's a bit misleading to call it venture capital. In fact it was mostly done as a private investment in public equities (PIPE) deal, where PE funds put cash into a listed freight forwarder.