I met some of their team at SCCA autocross events this year, where they were doing some prototyping.
- The market is a legit value stream (people with money and not enough time).
- The innovation is solid (no one is operating in this product space).
- The project scope is simple enough (bluetooth OBDII exists, Torque app exists, and post-processing of dashcam videos is common enough).
- The team seems good (only interacted with two of them).
- Features and hardware improvements will allow for hardware turnover and repeat sales.
It all adds up to a likely situation they'll succeed.
There are still some challenges with packaging the product for cooling and battery life. Connection reliability and app functionality will take some debugging. They're moving fast and seem to be doing well thusfar, though. Good luck Waylens team!