Matt Waxman and Maxx Yellin careen into New York’s Madison Square Park one gray weekday afternoon riding two-wheeled scooters that look like Roombas for your feet. Before they can even roll to a stop, Hugo Melo, a 21-year-old freelance developer and “aspiring founder,” as he describes himself, points at their feet and asks, “What is that?”
“You want to try it out?” Waxman offers. Melo climbs up and perches uneasily while Waxman and Yellin support him on either side. He never quite gets going on his own, but he looks like he’s having a great time. “This is way better than walking!” Melo says. “I definitely want one.”
Yellin and Waxman get this all the time. The two are coowners of PhunkeeDuck, makers of the $1,499 … thing. A two-wheeled self-balancing scooter would be the most accurate way to refer to it. But most people have gone with “hoverboard” because of its resemblance to Michael J. Fox’s preferred mode of conveyance in Back to the Future: Part II. (BuzzFeed suggests “nerdmover.”) No matter who makes them, all hoverboards look pretty much the same: Recall a Segway, then subtract the awkward handlebars, shrink the wheels, and split the platform in two. Tilt both feet forward, and the whole board moves forward. Tilt only one, and it turns.
This story is from the November 23 - November 29 2015 edition of Bloomberg Businessweek.
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This story is from the November 23 - November 29 2015 edition of Bloomberg Businessweek.
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