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