Last-mile logistics businesses could be next billion-dollar startups (with video) – FreightWaves

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At the American Shipper Global Trade Tech summit Wednesday, Cambridge Capital managing partner Ben Gordon and operating partner Essa Al-Saleh spoke in a fireside chat, discussing trends within the logistics industry and the factors the venture capital firm looks for in a startup before investment.

Al-Saleh moved to Cambridge Capital after a long stint at global logistics firm Agility. While at Agility, Al-Saleh transformed the then-company with a market presence only within Kuwait to a $5 billion company with operations in over 100 countries today. Gordon questioned Al-Saleh on how logistics startups could look to repeat his success at Agility. 

“I’d boil it down to three things. One is about finding a great team to work with that has an agile mindset. Two is to focus on what you want to do, how you want to do it and how to go about doing it. The final thing you need to be successful is a bit of luck along the way,” said Al-Saleh. 

Al-Saleh explained how the supply chain industry is witnessing explosive growth, even in the wake of the COVID-19 pandemic. Widespread lockdowns and the resulting growth in online retail has led Cambridge Capital to look at investing in the …

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