Wayne Ting Intends to Spend the Next Five Years Leading Lime
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 1:00:34
Wayne Ting, CEO of Lime, discusses his commitment to staying at the company after evaluating his career and life priorities following a major stroke.
0:00 / 0:07exact quote · 7.3s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“Even if I'm going to die in the next five years, I want to be spending the next five years working on Lyme's mission to decarbonize transportation.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Wayne Ting
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 …”
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…”
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.”
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.”
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…”