Sunday, January 31, 2010

Hey World, We are online

Happy to let you all know that we are online. We have decided to go on an invite only mode for now. This is to help us tie up some loose ends (yes, there are some that we know of and there might be several which might pop up as more people start using it) with out getting overwhelmed by it. So for now we will be sending invites to a select group of people, who would then be able to register and start using the site. We will be working hard to act on all the feedback we can get. Feedback from the users will be our guiding light in the dark path we wish to tread , so make it bright and blazing.

Apart from that we will follow up this blog with another one detailing our startup experience till now. We know we have seen only the tip of the ice berg but still we think it would be of some help to all those budding entrepreneurs out their. We will give you the details about the challanges we faced and our solutions, the technologies used and the services we had used to go from drawing board to online site. So keep following this space, there is more to come.

Jerith Shajan

Saturday, January 30, 2010

Why are we doing this?

Investing is a risky affair, I have learned it the hard way. I have been investing in stocks, mutual funds and other such instruments for sometime and I have had my share of profits and loses, though recently its been more loses than profits. The recent loses are attributed to recession and might have been unavoidable but may be I could have limited the loses if I were a bit more deliberate in my stock analysis or I should have discussed it with my investor friends.

Stock analysis, as you all might know, is a tough task. I am told that, it has been a tough task and will always be a tough task. In the past data scarcity was the issue, availability of relevant data that would help one make buy/hold/sell decision was very hard to come by. People had to relay on news papers, business publications to do their stock analysis.

The advent of internet should have solved this issue, information is no more scarce, everything is just a click away. Indeed it did, it solved the problem of information scarcity but in doing so it created a new problem of information abundance. Information is everywhere and is instantly accessible but there is too much of it. I googled "shares with high beta" and got 7,150,000 results!!!. My response to this is, as Captain Haddock would have said, "Billions of Blue Blistering Barnacles!". Now I have to filter out what I need by reading though each of the page and may be the information is deep down somewhere in the results and I'll have to re do the search after tweaking the search text. My point is, it is still hard to get the relevant information. The sad part of all this is that somebody would have already done this research and we don't have away to share this. Even if there is way, how do I know whether I can trust this person. It would have helped if someone I knew well can vouch for the person and I can see a history of all the information/research reports the this person has come up with. It would help even better if I could share my existing investment portfolio with out giving away the net-worth of the portfolio.

I discussed this with a friend of mine and he also felt the that it would be good if we have tool that would let us do all that. Faced with this issue, we did what any enterprising techy would do... we googled for it (and would have even binged it) but couldn't find anything that would satisfy all the requirements. So after many deliberations we decided.. what the heck we will do it!!

Jerith Shajan