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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
From an operations perspective, the thing that I think was the biggest difference was the leader of the team, the general manager. We copied Uber's kind of general manager model. We had a distributed decision-making process where each GM in the markets were the CEOs of their market. They could make decisions about where to invest, how to control their costs.
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