Wayne Ting

I think that's a fair push, Gary. I do think without the early funding, Lime wouldn't be where it is today.

I think that's a fair push, Gary. I do think without the early funding, Lime wouldn't be where it is today.

But if the funding continued to flow without real assessment of whether or not a company is doing a good job or bad job, I think Lime would not be the global leader right now because it would allow our kind of worst managed competitors to continue to scale and grow and gain market share through simply taking VC money and setting it on fire.

But if the funding continued to flow without real assessment of whether or not a company is doing a good job or bad job, I think Lime would not be the global leader right now because it would allow our kind of worst managed competitors to continue to scale and grow and gain market share through simply taking VC money and setting it on fire.

But if the funding continued to flow without real assessment of whether or not a company is doing a good job or bad job, I think Lime would not be the global leader right now because it would allow our kind of worst managed competitors to continue to scale and grow and gain market share through simply taking VC money and setting it on fire.

You are unless you can generate cash flow from your own operations. Last year was our first year getting to unlever free cash flow positive. So we were able to fund all of our capital expenditure and all of our growth from our internal profits.

You are unless you can generate cash flow from your own operations. Last year was our first year getting to unlever free cash flow positive. So we were able to fund all of our capital expenditure and all of our growth from our internal profits.

You are unless you can generate cash flow from your own operations. Last year was our first year getting to unlever free cash flow positive. So we were able to fund all of our capital expenditure and all of our growth from our internal profits.

And that is a big turning point for Lime, for micro mobility generally, because now we're able to continue to grow our business without this forever treadmill of raising more money. from VCs because we've been able to fund our capital expenditure investments from profits from the business. Before, when somebody raises more money, we're like, wow, we got to go raise more money.

And that is a big turning point for Lime, for micro mobility generally, because now we're able to continue to grow our business without this forever treadmill of raising more money. from VCs because we've been able to fund our capital expenditure investments from profits from the business. Before, when somebody raises more money, we're like, wow, we got to go raise more money.

And that is a big turning point for Lime, for micro mobility generally, because now we're able to continue to grow our business without this forever treadmill of raising more money. from VCs because we've been able to fund our capital expenditure investments from profits from the business. Before, when somebody raises more money, we're like, wow, we got to go raise more money.

But now I'm like, we can actually just, we can generate our own cash flow for that investment.

But now I'm like, we can actually just, we can generate our own cash flow for that investment.

But now I'm like, we can actually just, we can generate our own cash flow for that investment.

It is the biggest change in mindset. I would say my first four years as CEO, I was constantly worried about Lyme going out of business, even as we kind of got out of the pandemic. And I remember I would wake up in the middle of the night just worried about the company because I felt so responsible. All of the people who stayed at Lime, who believed in me, gave me a chance.

It is the biggest change in mindset. I would say my first four years as CEO, I was constantly worried about Lyme going out of business, even as we kind of got out of the pandemic. And I remember I would wake up in the middle of the night just worried about the company because I felt so responsible. All of the people who stayed at Lime, who believed in me, gave me a chance.

It is the biggest change in mindset. I would say my first four years as CEO, I was constantly worried about Lyme going out of business, even as we kind of got out of the pandemic. And I remember I would wake up in the middle of the night just worried about the company because I felt so responsible. All of the people who stayed at Lime, who believed in me, gave me a chance.

I felt enormously responsible to them, enormous debt of gratitude to the employees especially, but certainly to the investors who believed, who invested in Lime, to Dara, to Uber. And this feeling like, oh, we could fail at any time just weighed on me, weighed on me all the time. And I never slept well. I was always waking up in the middle of the night worried about A or B.

I felt enormously responsible to them, enormous debt of gratitude to the employees especially, but certainly to the investors who believed, who invested in Lime, to Dara, to Uber. And this feeling like, oh, we could fail at any time just weighed on me, weighed on me all the time. And I never slept well. I was always waking up in the middle of the night worried about A or B.

I felt enormously responsible to them, enormous debt of gratitude to the employees especially, but certainly to the investors who believed, who invested in Lime, to Dara, to Uber. And this feeling like, oh, we could fail at any time just weighed on me, weighed on me all the time. And I never slept well. I was always waking up in the middle of the night worried about A or B.