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 it was allowed us to get the capital we needed to survive the pandemic. Lime wouldn't have survived if we did not do that deal. But I think most M&A deals are value destructive. And that's probably the thought that's always in the back of my head as I think about new M&A deals. Why so?
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