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
And I felt that's much harder to compete with, an irrational competitor with unlimited funding. But when all the VCs moved on and it was hard to raise money, that's when focusing on great operations, great hardware, great government relations, that's when those investments actually started paying dividends.
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