Segway ups third funding to $35M — have you bought yours yet? » VentureBeat - The Diigo Meta page

• 04 May 08
  

  isaac Mao

  hype and stupid decisions are always around VC

  VC

  • t seems at least a little silly that the Segway got as much hype as it did back in late 2001 and 2002, to the point of top Kleiner Perkins VC John Doerr saying that Segway would be the fastest outfit in history to reach $1 billion in sales. Yet the firm has also survived thus far, and appears to be expanding the $10 million third round of funding we reported in January, according to a filing dug up by VentureWire.
  • What’s interesting about the reported funding is that one of the new investors is the Masdar Clean Tech Fund, an arm of Abu Dhabi’s Masdar Initiative.

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