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
The challenge with buying off the shelf is that, Harry, if my business is to sell you more scooters and parts, I'm not so incentivized to make the decay rate low, make it more efficient. Because the better my scooters are, the less money I make. There is a disincentive for off the shelf hardware manufacturers to make their hardware better.
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