06.05.08
Posted in Technology Ventures, Random thoughts, Globalization at 10:10 pm by Ray Wu
Fed Chief Ben Bernanke talks about his worry on inflation in the last 2 days. The problem is that Fed can no longer control the pricing alone in this globally integrated market. Since 70% of US GDP comes from service sector, it is almost impossible to see how heavy inflationary environment in China and India is not going to have a significant impact on US. We have seen heavy demand on not only industrial commodities such as oil and gas, but also agricultural commodities like rice and pork. As a matter of fact, Costco is limiting number of bag of rice a person can purchase at one visit. As more of more citizens in the developing countries become richer, they will also seek better life that most Americans get used to: better and more food, a car, a house etc. Imagine several billion of people flood to this new demand curve and its impact on the overall resources? We as a human race will come up solutions to deal with this resource demand/supply gap overtime, but the shock is unavoidable. It is actually good for the digital economy because digital economy is based on bountifulness of unlimited supply (ie. 1M download of a software is not going to be add noticeable cost than a single copy of download). While physical economy gets more constrained, the digital economy would be in favor. For example, as airline ticket goes up, people would use virtual meeting more than flying to meet in person. I see a lot of opportunities for us in the valley to benefit from this trend.
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06.03.08
Posted in Random thoughts, Globalization at 7:13 am by Ray Wu
I have always been an advocate of donation efficiency. It took me a while to find a few donation services that pass 100% of the donation back to China. The one I decided in the end is Silicon Valley Tsinghua Network that is run by about 15 volunteers who are helping all donation and website details. So I donated a few thousand bucks for this effort and hope you can join me to help relieve the suffering just a little. 60K+ death and counting, what a tragedy! There is an incidence where a school building collapsed and every student died. Thinking of this makes my heart ache as I know how sad it is to lose a loved one, especially a child.
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11.14.07
Posted in Random thoughts at 5:21 am by Ray Wu
Last Friday was my last day in HP and it feels great to be outside of the corporate life. After 10 years in Cisco and then HP, it is wonderful to be independent again, to work with passionate startups and ventures, to dream about new possibilities, and see the results happen quickly. I am grateful to have had opportunities to systematically build operations under large corporate umbrella and make them into success, maybe I would do it again years later when the right opportunity strikes again, but now, it is just too much fun to miss my freedom…
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09.02.07
Posted in Random thoughts at 4:46 am by Ray Wu
Recently, a story told by a friend of mine from old IBM days keeps on popping up in my head. It is a profound story and I really enjoyed it at that time when he told me about 10 years ago.
Here is the story:
A business man is looking for a boat to go cross a river, but it is a lunch time and no carrier is operating. He looks around and finally finds a fisherman with a small boat laying there sleeping.
He approaches the fisherman, wakes him up and says: “Can you take me to the other side of this river? I will give you a lot of money.”
The fisherman says: “But I am sleeping! Why do I need more money?”
The business man replies: “If you have more money, you can buy a bigger boat.”
The fisherman says: “So what if I have a bigger boat?”
The business man replies: “If you have a bigger boat, you can capture more fishes and buy a fleet of boats”.
The fisherman says: “So what if I have a fleet of boats?”
The business man replies: “If you have a fleet of boats, you can have a lot of money and then hire professional managers to manage them for you.
The fisherman says: “So what if I have a lot of money and professional managers?”
The business man replies: “Then, you truly have your freedom! You don’t have to do anything and sleep anytime you like!”
The fisherman says: “Well, that’s exactly what I have before you wake me up!”
Hmmm… Who has more freedom, the fisherman or the business man?
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03.30.07
Posted in Technology Ventures, Random thoughts at 12:53 am by Ray Wu
Here is a nice web site that aggregates venture information together called Discoverion: http://www.discoverion.com
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01.01.07
Posted in Random thoughts at 9:07 am by Ray Wu
It has been a while since I put together something… Busy holiday and family events. I want to wish everyone a great new year and thanks for your support in the past year!
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