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
But suddenly what we thought was maybe six months of runway was like 20 days of runway because all of our revenues went away. You still have a lot of your costs, right? We have warehouse costs, we have employees on the payroll. So suddenly you had all these costs and then your revenue went away completely.
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