Big layoffs coming at Convoy, a logistics startup backed by Bezos and Gates

  • They've raised $670 million???

    It's a SaaS product. In what world would they need close to that much money? Am I missing something?

    Or do companies really just raise as much money as possible, and hire assuming they'll be endlessly exponentially growing, regardless of what they need to build their product?

  • Related earlier:

    https://news.ycombinator.com/item?id=37931893