Slync Raises $24 Million to Reboot the Business

Supply Chain
Written By Rick Watson

Slync provides a technology platform that allows large global shippers to finally do away with manual processes that continue to plague the logistics industry.

Look, a startup is tough to build in any economy. But when your CEO uses over $16 million in VC funds to buy a Gulfstream jet and then later to be convicted of Securities Fraud by the SEC, it seems tougher than most.  Despite this, the company has raised new money but I’m sure the valuation is far down from the $240 million it was valued at before.

I feel like I should tell you more what they do, but after that intro I'm not sure it matters.

If you ever wonder if it can get worse at your startup, trust me it can!

TechCrunch: Logistics startup Slync raises $24M, attempts to distance itself from disgraced founder

Rick Watson

Rick Watson founded RMW Commerce Consulting after spending 20+ years as a technology entrepreneur and operator exclusively in the eCommerce industry with companies like ChannelAdvisor, BarnesandNoble.com, Merchantry, and Pitney Bowes.

Watson’s work today is centered on supporting investors and management teams incubating and growing direct-to-consumer businesses. Most recently, in partnership with WHP Global, Rick was a critical resource in architecting the WHP+ platform, a new turnkey direct to consumer digital e-commerce platform that powers AnneKlein.com and JosephAbboud.com.

Watson also hosts a weekly podcast, Watson Weekly, where he shares an unbiased, unfiltered expert take on the retail sector’s biggest players.

In the past year alone, Rick has spoken at many in-person and virtual events as well as podcasts on topics ranging from retail/ecom to supply chain/logistics and even digital grocery including CommerceNext IRL, ASCM Connect, and Retail Innovation Conference.

https://www.rmwcommerce.com/
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