The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Lime's CEO on Going from Losing $3 on Every $1 to $90M in EBITDA | How Lime Built the Global Leader in Micromobility When Competitors Went Bust | Losing 90% of Revenues in COVID and The Uber Deal That Saved the Company with Wayne Ting
Wayne Ting
It's a winner-take-most market dynamic. So being number one has a lot of advantages. Going back to the point about reliability. In ride-share, as a customer, you want to be on the platform with the most number of drivers. And the drivers want to be on the platform with the most number of riders.
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