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
Because we have our own hardware, because we have our own operations, because we have great operators on the ground. If we buy a competitor, we may not want their hardware. That's a lot of lost capex. We may not want to use their operators. We may want to take our own operational model and put it over their business.
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