Flexport, a startup that's raised over $2B, is rescinding 70 offer letters for folks that were due to start imminently.  This is in the wake of a CEO change.

Meanwhile, Y Combinator has graduated their latest class and one investor has an interesting perspective on the valuations and traction from the current cohort.

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If you've got a comment or question for the show, you can e-mail us at [email protected].  You can find Paul and Ed  online @paulsingh and @pizzainmotion.