Disclosure certainty 4/5 debate potential 3/5

Lime deliberately rejected Uber's playbook of launching without prior city approval

Brad Bao · 20VC: Lime CEO Brad Bao on How Lime Assess The Micro-Mobility Landscape and Competition Today, What It Takes To Launch and Win A New City & Why Lime Have Spent $0 on Marketing To Date · Jun 14, 2019 · at 26:40

Brad Bao, co-founder and CEO of micro-mobility platform Lime, discusses common industry advice that he chose to ignore when building the business.

0:00 / 0:16exact quote · 16.1s
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“When we started a company that the proven formula, which is a uncommon common practice, That idea to get into a city. Well, you know Uber established it, right? You just go to the city, you launch the service, and talk about it with the city after that. And we just deliberately didn't do that.”

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More from Brad Bao

Assertion Not checkable as stated
Lime is already profitable in dozens of individual city markets
“We already have dozens of markets of profitable.”
Brad Bao Jun 14, 2019 ▶ 14:36 20VC: Lime CEO Brad Bao on How Lime Assess The Micro-Mobility Landscape and Competition Today, What It Takes To Launch and Win A New City & Why Lime Have Spent $0 on Marketing To Date
Disclosure
Lime spends zero dollars on paid user acquisition, says CEO Brad Bao
“We don't spend a penny on user acquisitions”
Brad Bao Jun 14, 2019 ▶ 6:44 20VC: Lime CEO Brad Bao on How Lime Assess The Micro-Mobility Landscape and Competition Today, What It Takes To Launch and Win A New City & Why Lime Have Spent $0 on Marketing To Date
Prediction Not checkable as stated
Majority of smaller micro-mobility players will struggle to survive
“It's too early in the industry to say that what could happen, but I would say, though, some of the learning we have from the history that There might be some form of consolidation, but majority of them that it will be just smaller ones will be having a hard ti…”
Brad Bao Jun 14, 2019 ▶ 13:57 20VC: Lime CEO Brad Bao on How Lime Assess The Micro-Mobility Landscape and Competition Today, What It Takes To Launch and Win A New City & Why Lime Have Spent $0 on Marketing To Date
Assertion Not checkable as stated
Lime reached market profitability in one city in just two weeks
“Two weeks.”
Brad Bao Jun 14, 2019 ▶ 15:44 20VC: Lime CEO Brad Bao on How Lime Assess The Micro-Mobility Landscape and Competition Today, What It Takes To Launch and Win A New City & Why Lime Have Spent $0 on Marketing To Date
Assertion Not checkable as stated
Lime captures majority market share with only half the deployed fleet
“There are many markets that we are half of the fleet that will have way more than half of the market share that representing it.”
Brad Bao Jun 14, 2019 ▶ 11:57 20VC: Lime CEO Brad Bao on How Lime Assess The Micro-Mobility Landscape and Competition Today, What It Takes To Launch and Win A New City & Why Lime Have Spent $0 on Marketing To Date
Prediction Not checkable as stated
Perfecting micro-mobility vehicles will take decades, predicts Brad Bao
“If we use automobile industry as a Predicate that it takes the whole industry literally at 100 to 200 years to perfect the car. I don't see a reason that, you know, the scooter or the bikes or e-bikes that will be much shorter than that.”
Brad Bao Jun 14, 2019 ▶ 17:14 20VC: Lime CEO Brad Bao on How Lime Assess The Micro-Mobility Landscape and Competition Today, What It Takes To Launch and Win A New City & Why Lime Have Spent $0 on Marketing To Date
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