From:
Bicycle Mods and Designs - 10 Brilliant Bike Mods and Designs - Popular Mechanics
Strida Bicycle
Created by British designer Mark Sanders in the early 1980s, the Strida went into production in 1987, changing the classic bicycle shape to accommodate easy collapsibility. Stoddard, who uses a Strida to commute while he does design work in Korea, says that although the bike is slower compared to conventional models, the Strida "accelerates and gets to top speed quickly. It's also extremely maneuverable because of its short wheelbase and small wheels that turn on a dime." Stoddard adds that the design causes riders to sit more upright, giving them better visibility in traffic.
The author doesn't mention Stoddard's first name, but it would seem a bit of a coincidence, wouldn't it?