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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
I do. I think any CEO, any founder cannot use down round willy-nilly because investors have believed in you, invested in you, and down rounds are very, very destructive for your investor base. And when you lose that trust, it's hard to get it back. But I would also say like,
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