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
That means that your elbows can be considered on your side. It's more comfortable, especially if you're going long distances. You would push back on me when I say it's a commoditized industry. I think it's absolutely not a commoditized industry if you just look at the results. And the result is that Lime, five, six years ago, Lime was one of many, many, many operators.
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