Wayne Ting

When I see companies sometimes unwilling to raise around 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 irrational business decisions because you're trying to hold on to a dream, a pipe dream that never should have happened in the first place. I think it's important to not be so keyed in on a valuation unless you believe that valuation is justified in today's world. And whether or not you should raise and at what valuation There's a marketplace out there.

And so you're making irrational business decisions because you're trying to hold on to a dream, a pipe dream that never should have happened in the first place. I think it's important to not be so keyed in on a valuation unless you believe that valuation is justified in today's world. And whether or not you should raise and at what valuation There's a marketplace out there.

And so you're making irrational business decisions because you're trying to hold on to a dream, a pipe dream that never should have happened in the first place. I think it's important to not be so keyed in on a valuation unless you believe that valuation is justified in today's world. And whether or not you should raise and at what valuation There's a marketplace out there.

If every VC is telling you, I'm willing to give you money at this lower valuation, that may just be the reality you face. And I think as CEOs, as managers, facing reality is super important. Living in fantasy always results in worse business outcomes. Wayne, what was your latest valuation? I don't know if we ever shared that, but I would say it was a convertible round.

If every VC is telling you, I'm willing to give you money at this lower valuation, that may just be the reality you face. And I think as CEOs, as managers, facing reality is super important. Living in fantasy always results in worse business outcomes. Wayne, what was your latest valuation? I don't know if we ever shared that, but I would say it was a convertible round.

If every VC is telling you, I'm willing to give you money at this lower valuation, that may just be the reality you face. And I think as CEOs, as managers, facing reality is super important. Living in fantasy always results in worse business outcomes. Wayne, what was your latest valuation? I don't know if we ever shared that, but I would say it was a convertible round.

So I don't know if there's any specific valuation to the round.

So I don't know if there's any specific valuation to the round.

So I don't know if there's any specific valuation to the round.

I think Lime is a great future candidate as a publicly traded company. We are the market leader in a very fast growing industry with a big TAM. And we have demonstrated over many years a differentiated financial results, both in top line growth and in bottom line. So I feel like Lime is a great candidate to be public one day.

I think Lime is a great future candidate as a publicly traded company. We are the market leader in a very fast growing industry with a big TAM. And we have demonstrated over many years a differentiated financial results, both in top line growth and in bottom line. So I feel like Lime is a great candidate to be public one day.

I think Lime is a great future candidate as a publicly traded company. We are the market leader in a very fast growing industry with a big TAM. And we have demonstrated over many years a differentiated financial results, both in top line growth and in bottom line. So I feel like Lime is a great candidate to be public one day.

When and whether we do it, a lot of it does depend on the macro environment. I think it was great to see Service Titan go out.

When and whether we do it, a lot of it does depend on the macro environment. I think it was great to see Service Titan go out.

When and whether we do it, a lot of it does depend on the macro environment. I think it was great to see Service Titan go out.

I feel these markets go through kind of these trends. There's moments where there's a lot of IPOs that go out and there's a lot of interest invest in IPOs. And then the mood shifts and then people are less willing to invest in IPO. And certainly it would impact how much money you can raise, the valuation you can get. You can't ever time the market.

I feel these markets go through kind of these trends. There's moments where there's a lot of IPOs that go out and there's a lot of interest invest in IPOs. And then the mood shifts and then people are less willing to invest in IPO. And certainly it would impact how much money you can raise, the valuation you can get. You can't ever time the market.

I feel these markets go through kind of these trends. There's moments where there's a lot of IPOs that go out and there's a lot of interest invest in IPOs. And then the mood shifts and then people are less willing to invest in IPO. And certainly it would impact how much money you can raise, the valuation you can get. You can't ever time the market.

But I think being generally in an up cycle, in an IPO pro cycle is probably helpful for an IPO. Do you think you were ready today? If the market was there, would you be ready to go out? I think there's probably still more work we need to do internally around things like accounting and controls that probably will take a bit more time to be ready.