Wayne Ting, CEO of Lime, answers whether there is a point of diminishing returns when adding vehicle supply to a market.
Insight
Refusing Down Rounds Due to 2020 Valuations Is Irrational
“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 …”
Opinion
Western Tariffs on Chinese Electric Vehicles Are Justifiable to Protect Manufacturing
“I think that the use of tariffs in kind of like some of these Chinese electric vehicles, both in the United States and in Europe, I feel like is, is justifiable because you want to make sure people have a level playing field in terms of, I think one of the lie…”
Opinion
Tech Companies and VCs Have Abandoned and Openly Mocked DEI Values
“I feel like what's shocked me is how many companies, how many VCs, Have abandoned the values of diversity, equity, inclusion over the last year to now openly mocking it in ways that I could have never, never expected before.”
Assertion Partly supported
Lime Is the Only Micromobility Company Building Proprietary Hardware
“I think every other operator in our industry buys off the shelf hardware, but every scooter and bike you see On Lyme's platform, we design, we engineer, we produce, and we operate ourselves.”
Assertion Not checkable as stated
Increasing Lime's Fleet Supply Counterintuitively Boosts Per-Unit Utilization
“This is why when we increase our fleet in a market, we actually see our trips per vehicle per day go up. Our utilization goes up. It's counterintuitive. When you grow your supply in most businesses, the utilization per unit goes down because the demand usually…”
Insight
Initial Corporate Layoffs Are Rarely Deep Enough, Destroying Management Credibility Later
“When you're doing layoffs, it's always, it always feels so painful, too painful, but I would say it's never painful enough. The most painful thing is coming back three months later with another round of layoffs.”