Refusing Down Rounds Due to 2020 Valuations Is Irrational
Wayne Ting · Wayne Ting, CEO @Lime: From Losing $3 on Every $1 to $90M in EBITDA | E1252 · 20VC with Harry Stebbings · Jan 27, 2025 · at 45:09
Wayne Ting is the CEO of Lime. He criticizes founders and CEOs who refuse to raise money or go public at lower current valuations due to unrealistic peak 2020 anchor valuations.
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“When I see companies sometimes unwilling to raise a round because it's going to be lower than this, like, fictitious number they have in their own head. I see this with, like, IPOs now, where, like, companies are like, oh, well, I can't go public unless I hit the valuation I had in 2020, and that valuation is fake. And so you're making a rational business decisions because you're trying to hold on to a dream, a pipe dream that never should have happened in the first place.”
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