Breaking
1974 Specialized founded in San Jose with $1,500 from a VW van· 1981 Stumpjumper ships - first mass-produced mountain bike· 1994 Stumpjumper enters the Smithsonian· 2011 Inducted into U.S. Bicycling Hall of Fame· 2015 Specialized Foundation (now Outride) launches Riding for Focus· 2022 Steps down as CEO after 48 years - title now Chief Rider Advocate· 2024 Specialized turns 50·
Founder · Specialized Bicycle Components

Mike Sinyard.

Sold a Volkswagen van for $1,500 in 1973. Came home with Cinelli parts in a duffel bag. Five decades later, the trailer in San Jose is a Morgan Hill campus, and the original Stumpjumper lives in the Smithsonian.

Mike Sinyard, founder of Specialized Bicycle Components
Mike SinyardMorgan Hill, CA
The Story

A founder who still introduces himself by the bike he's riding, not the title on his card.

Walk into Specialized's headquarters in Morgan Hill and the parking lot is the giveaway. There are more bike racks than spaces. Mike Sinyard is somewhere on the campus, probably on two wheels, possibly in lycra, definitely talking to a rider about why their new helmet fits the way it does. He stepped out of the CEO chair in 2022 and immediately invented a new title for himself - Chief Rider Advocate - because he had no intention of stepping out of the building.

The company he founded turned fifty in 2024. Its founder, by his own accounting, has more energy now than he did in 1974. The math should not work. It does because Sinyard built a company around an idea he believed before anyone else did: that the bicycle is not a toy, not a piece of equipment, not a hobby. It is a tool. It moves people. It changes them.

His current obsession is Outride, the philanthropic arm born from the Specialized Foundation in 2015. Through a program called Riding for Focus, it gets bikes under middle schoolers and studies what happens. The data goes one direction: kids who ride show up to school differently. Sinyard talks about this with the same volume he uses when describing carbon layup schedules.

That volume - that almost religious certainty about the bicycle - is the through-line of every chapter of his life. It is why he sold the van in 1973. It is why he chartered a flight to Italy to meet the Cinelli family in person rather than fax them. It is why he showed up at dealer shops on a 10-speed with stems strapped to the frame because he could not afford a car. It is why he greenlit a fat-tired bike in 1981 that the entire industry told him no one would buy.

The fat-tired bike was the Stumpjumper. The first batch weighed 29 pounds and retailed at $750. Five or six dealers took it. The rest told Sinyard he was selling a big kid's BMX. The next year U.S. mountain bike sales hit 5,000 units. The year after that, 50,000. By 1986 mountain bikes were 60 percent of every bike sold at specialty shops. Sinyard had not predicted a category. He had created one.

The Stumpjumper is currently in the Smithsonian National Museum of American History. It has been there since 1994. The bike's father has not slowed down enough to notice.

What Sinyard is best at is not engineering. He has plenty of engineers. He is best at a particular kind of stubbornness. The stubbornness of staying inside a single category for fifty years while everyone else in his generation diversified, pivoted, exited. He has been offered exits. He sold a 49 percent minority stake to Taiwan's Merida in 2001 and that is the closest he has come to leaving the building. The other 51 percent is his. The company is, by industry standards, weirdly private. Weirdly founder-shaped.

The Innovate or Die motto is part company doctrine, part personal anthem. It shows up in employee onboarding, on shop walls, in the third principle of the official Specialized brand book, sandwiched between "the rider is the boss" and "seek to understand." Sinyard says it the way a coach says a play call. The phrase is not branding. It is a warning to himself.

By 2022 he was 48 years into being the CEO. Forty-eight. To put that in perspective, the second-longest founder-CEO tenures in the cycling industry don't approach it. He named Scott Maguire, a former Dyson executive, as his successor and immediately handed Maguire the operational levers. Then he gave himself the title Chief Rider Advocate. He still shows up. He still tests bikes. He still has opinions, which he expresses freely, occasionally to the apparent surprise of new hires.

The transition has not been free of bumps. In January 2023, Specialized announced layoffs of about 8 percent of its global workforce as part of a restructuring Maguire called a "shift for the future." The cycling industry was working through a brutal post-pandemic inventory hangover, and Specialized was not exempt. Sinyard, true to form, kept showing up - meeting with dealers, riding with employees, talking to riders at events. The chairman role, in his hands, has not been a ceremonial chair.

Sinyard's relationship with the cycling community is, more than anything, communal. He is a founding member of the International Mountain Bicycling Association. He is a founding member of the National Interscholastic Cycling Association, the league that puts high schoolers on race teams. He launched Outride. The pattern is consistent: the bike is the thing, and anything that gets more people on it is worth funding.

The personal style is unfashionable in a way that has aged into being its own thing. He is tall, lean, weathered, with the calves of a man who has been pedaling for half a century. He is unceremonial. He is fluent in the small details of bike geometry and the smaller details of dealer-shop economics and the smallest details of why a 14-year-old will or will not pedal home from school instead of taking the bus. He has been described, in interviews, as both relentlessly polite and almost evangelically intense. Both descriptions are accurate.

What he is not is a self-mythologizer. The story he tells about himself is consistent and unembellished: he sold the van, he went to Europe, he met a Swiss woman who introduced him to Cinelli, he came home with parts, he sold them out of a trailer, he hired engineers when he could afford engineers, he made the Stumpjumper because someone had to, the dealers laughed, the dealers stopped laughing. He does not edit the part about the laughing dealers.

There is no romance in his telling. The romance was the Europe trip. Everything after that has been work.

$1,500
Sale price of his VW van, 1973
1974
Year Specialized was founded
29 lbs
Weight of the first Stumpjumper
$750
Original Stumpjumper retail price
Career

Fifty years, told in increments.

1973

Sells his VW van for $1,500. Bicycles around Europe. Meets a Swiss woman who connects him to the Cinelli family.

1974

Founds Specialized Bicycle Components in San Jose. Importing Cinelli stems and bars. Operates from a trailer.

1976

Specialized Touring Tire ships. First Specialized-branded product. The importer becomes a maker.

1981

The Stumpjumper. First mass-produced mountain bike. Most dealers refuse to stock it.

1984

Moves the company to Morgan Hill, California. Stays there.

1988

Inducted into the Mountain Bike Hall of Fame.

1994

Stumpjumper added to the Smithsonian.

2001

Sells a 49% minority stake to Taiwan's Merida Industry Co. Keeps the 51%.

2011

Inducted into the U.S. Bicycling Hall of Fame.

2015

Launches the Specialized Foundation, later renamed Outride. Riding for Focus puts bikes in middle schools.

2022

Steps down as CEO after 48 years. Names Scott Maguire from Dyson. Renames himself Chief Rider Advocate.

2024

Specialized turns 50. Founder stays present, restless, very loud about Outride.

Scrapbook

Stories that didn't fit in the official telling.

Origin

The duffel bag

He came back from Europe with no car, a duffel of Cinelli parts, and a list of bike shops. He strapped the parts to his own 10-speed and rode dealer-to-dealer pitching them.

Naming

Why "Specialized"

Sinyard named the company after the Italian artisans who specialize in lugs, frames, and tubing. He wanted the brand tethered to European craft.

1981

"Big kid's BMX"

That is how dealers described the first Stumpjumper. Most refused to stock it. Five or six took a chance.

Trailer years

From a trailer to $18M

Specialized hit $18M in annual sales by year four. Sinyard was still working out of a trailer he shared with roommates.

Outride

Bikes in middle school

Riding for Focus, his Outride initiative, puts fleets of bikes into U.S. middle schools and runs them through PE class.

Personality

The motto on the wall

"Innovate or die" hangs in the Specialized brand book as the third of eight principles. It also functions as Sinyard's personal anthem.

In his words

Things Sinyard has actually said.

Innovate or die.

The rider is the boss.

I have more energy now than ever.

With Scott coming on board to run the business, I can focus on better serving riders.

Footnotes

Five things we kept.

He named the company after Italian artisans who specialize in lugs, frames and tubing.
The Stumpjumper retailed for $750 in 1981. Adjusted for inflation, that is roughly a mid-tier road bike today.
By 1986 mountain bikes were 60% of every bike sold at U.S. specialty shops. Sinyard's bet, vindicated.
Specialized HQ in Morgan Hill has more bike racks than parking spaces. The cliche is the culture.
Merida Industry of Taiwan owns the other 49%. The remaining 51% has been Sinyard's since 2001.
He is a founding member of both IMBA and NICA. Two organizations. One agenda - more bikes, more often.
Watch

If you have ten minutes.

The Specialized Podcast - Innovate or DieSinyard, in his own words, on the company mantra and where it came from. A few words with Mike Sinyard at Global Press LaunchShort and unscripted. Vintage Sinyard energy. Specialized on YouTubeThe brand channel. Sinyard appears regularly, usually mid-pedal.
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