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September 29, 2010

Segway surprise!

I know I'm a little late to this but I just think that while it's sad it's also wonderful.

The Segway company, that one that was going to revolutionise the world, got sold off at the end of last year. It turned out that it didn't revolutionise the world but it did swallow a huge amount of capital while not doing so. Hving done so, it was worth what was paid for it: a great deal less than had been invested in it.

OK, so far so normal for venture capital. But the bloke who bought it? He decided to test out a new model, one designed for rough terrain, for cross country work.

What happened?

A mogul who had just spent millions to buy the Segway motor-scooter company died after taking one of the two-wheeled gizmos for a ride around his English estate -- and going over a cliff. The crumpled body of self-made millionaire philanthropist Jimi Heselden, 62, was found next to a river along his property Sunday, his electric scooter in the water nearby. "At this time, we do not believe the death to be suspicious," said a spokesman for the police in the town of West Yorkshire in northern England. Heselden -- one of the richest men in Britain with a reported net worth of around $300 million -- is believed to have been doing double duty test-driving a new, more durable, cross-country Segway model while also tooling around his property for an inspection when the freak accident occurred around 11:40 a.m.

Now, me, I'm sorry, but I laughed like a drain.

Sad, both what happened and that I laughed but I did.

September 29, 2010 in Current Affairs | Permalink

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