I haven’t had much mindshare to blogging lately but I feel that some updates are owed so here we go.
I think we are finally at the ‘bottom’, bottom not in the sense of a pit or valley but in the sense of stability and sensibility (not volatility, of course). Until overal economy shows sign of recovering, I’ll be looking to buy into gorges and sell out of hills as market over-reacts on news in either direction with an eye toward accumulating quality.
America needs to overhaul the auto industry, creating an environment that favors smaller and nimbler car makers over mammoth ones, rewarding entrepreneurs over union workers. I want to see hundreds if not thousands of little car makers and value added resellers backed by world-wide mesh of auto part makers. I want to see a huge cloud of chaos out of which new engine of American economy will emerge from.
We are already in closed beta and working toward private beta. There are still challenges to overcome but the service is looking pretty good already. To address those challenges, I’ve withdrawn myself from daily activities at the startup to focus on our core technologies.