The difference is the entry point for a Segway is several thousand dollars, while the entry point for a Bird ride is $1.

Segway is a great product, and they're very popular for city tours and other niche markets that can afford such a high price point.

Right. A buck. How does that translate to $2 B?

Hindsight 20/20: there was a similar amount of hype around Segways. However, they are very expensive, large, and require training to use properly. These scooters are smaller, cheaper, and easier to use.

Either way, it’s silly to critique other people’s bets. You don’t know what they know and your money and reputation is not on the line. Does the valuation make sense? It doesn’t need to for anybody not involved in the transaction. Will the valuation need to make sense by the time/if the company goes public? Yes, much more so. But you could argue that even then public company valuations have no basis in reality right now.

Critique? When did reciting facts become critique? It's difficult for me to imagine this as a mass market product / service when obesity is so common.

Again. Not a critique. Just stating a fact.

The best bit is that Segway have a hand in actually making all of these scooters

https://techcrunch.com/2018/05/01/lime-partners-with-segway-...

> "Lime, along with its competitors Bird and Spin, all ultimately rely on Ninebot, a Chinese scooter company that has merged with Segway. Ninebot is backed by investors including Sequoia Capital, Xiaomi and ShunWei."

Agreed, time will tell if this new "scooter" invention is practical.