Getty PicturesBuddies and colleagues of Mike Lynch have paid tribute to “the UK’s best tech entrepreneur” after he was confirmed to have died when a luxurious yacht sank off the coast of Sicily.
The British businessman, 59, was amongst these killed when the Bayesian vessel foundered in stormy climate early on Monday close to Porticello.
The our bodies of 5 others have been recovered, and a seventh individual – believed to be Mr Lynch’s daughter Hannah, 18, continues to be lacking.
Mr Lynch was a outstanding determine within the UK tech business, the place his backing of profitable corporations led to him being dubbed the British equal of Microsoft founder Invoice Gates.
Nonetheless, he later grew to become embroiled in a long-running authorized dispute which resulted in him being controversially extradited to the US, earlier than being acquitted earlier this summer season.
Andrew Kanter, a detailed good friend and colleague of Mr Lynch, stated he was “probably the most good thoughts and caring individual I’ve ever identified.”
“Over almost 1 / 4 century I had the privilege of working beside somebody unrivalled of their understanding of expertise and enterprise,” he stated.
Former Solar newspaper editor David Yelland stated Mr Lynch was “an irreplaceable loss not solely to those who liked him but in addition to the nation”.
“He’s the UK’s best tech entrepreneur of current a long time, a household man, a long-time consumer of my enterprise and a good friend,” he stated.
“To assume Mike Lynch misplaced his life simply as he started to rebuild it’s devastating for all people who know him.”
Morgan Stanley Worldwide financial institution chairman Jonathan Bloomer, his spouse Judy Bloomer, Clifford Probability lawyer Chris Morvillo, his spouse Neda Morvillo and Recaldo Thomas, the yacht’s chef, additionally died when the vessel sank.
In a press release confirming their mother and father’ deaths, the Bloomer household described the couple as “unbelievable folks and an inspiration to many”.
Mr Lynch is survived by his spouse Angela Bacares, who was rescued, together with 14 others, after the yacht sank. The couple lived on the Loudham Corridor property in Suffolk.
Brent Hoberman, co-founder of Lastminute.com, described the deaths as “tragic”, saying Mr Lynch had far more to provide to the UK tech scene.
“He was nonetheless on his journey, and he’d been sidetracked for a decade with this court docket case,” he advised the BBC.
“I feel there was a variety of unfulfilled potential.”
IT analyst Richard Holway stated in a submit on LinkedIn that Mr Lynch – a good friend of greater than 25 years – was “a novel British tech expertise”.
“Goodness is aware of what he might have achieved subsequent,” he added.
Enterprise highs and lows
Mr Lynch co-founded tech agency Autonomy in 1996, which expanded quickly and was bought to Hewlett Packard for $11bn (£8.6bn) in 2011, from which he’s believed to have netted £500m.
However questions over the sale of Autonomy led to a long-running authorized battle.
In 2022, Mr Lynch misplaced a civil fraud case towards HP on the Excessive Courtroom in London.
A day later, he was extradited to the US as a part of prison proceedings, and was dealing with a attainable 20 years in jail.
He was acquitted in June this 12 months after a jury discovered him not responsible of the crimes.
He advised BBC Radio 4 that although he was satisfied of his innocence, he was solely capable of show it in a US court docket as a result of he was wealthy sufficient to pay the large authorized charges concerned.
Mr Lynch is reported to have gone on the yacht journey together with his household to have a good time securing his freedom.
Its identify, Bayesian, is known to derive from the speculation that his PhD thesis – and the software program that underpinned Autonomy – was primarily based on.
Witnesses say its aluminium mast broke in half in a storm, inflicting the ship to lose its steadiness and sink.
Dick Smith, a neighbour of Mr Lynch, advised the BBC he was “reeling from the shock of the information”.
“He was so approachable and an easy individual to speak to with a pleasant sense of humour,” he stated.
“You would possibly assume with all that cash he could be tough to speak to, however actually he was an easy individual to speak to.”
Solder within the carpet
Born on 16 June 1965, Mr Lynch was the son of a nurse and a fireman, and was raised close to Chelmsford in Essex.
His first pc was a BBC Micro, and he wrote fondly of the way it formed his ardour for programming in a 2011 BBC article celebrating 30 years of the machine.
Whereas in school his “first foray into commercialisation of expertise” got here when designing a digital sampler that would pattern music, then promoting the designs, in accordance with a 2017 interview.
He continued the passion whereas learning Pure Sciences on the College of Cambridge – the place he stated he aggravated his school by getting “solder within the carpets” of his room.
Whereas at Cambridge he earned a PhD in mathematical computing, and later undertook a analysis fellowship.
In 1991, Mr Lynch helped set up Cambridge Neurodynamics – a agency which specialised in utilizing computer-based detection and recognition of fingerprints.
His tech agency Autonomy was created 5 years later, utilizing a statistical methodology generally known as “Bayesian inference” on the core of its software program.
The corporate’s fast-paced progress and success all through the late Nineteen Nineties and early 2000s noticed Mr Lynch earn numerous awards and accolades.
In 2006 he was awarded an OBE in recognition of his service to UK enterprise.
He served on the board of the BBC as a non-executive director, and in 2011 was appointed to the federal government’s council for science and expertise – advising then-Prime Minister David Cameron on the dangers and prospects of AI growth.
Following the sale of Autonomy, Mr Lynch established tech agency Invoke Capital, which helped create outstanding UK cybersecurity agency Darktrace in 2013. Lynch had a seat on its board till earlier this 12 months.
Reacting to the information on Thursday, a spokesperson for Darktrace stated that they have been shocked by the tragedy, describing Mr Lynch as an “lively champion” of the UK’s expertise sector.
“His loss shall be felt by many,” they added.
