Thursday, March 7, 2019

Analysis and Reflection on Startup.com


          The documentary Startup.com is the notion that I envision when a group of smart and likeminded individuals get together to create something bigger than themselves. The spirit of the entrepreneurs was creating a website that people can pay their parking tickets called govWorks. At the time, this was revolutionary as anyone connected to the World Wide Web was on the route to success. The idea and vision constantly changed as the product developed but the initial starting idea allowed the founders to be successful at attaining funding throughout the process. Kaleil Tuzman and Tom Herman were a perfect match in terms of organizing this business idea and eventually turning this business into a multi-million-dollar idea. Furthermore, we saw how the employees of govWorks.com attained funding and spoke with political parties and high valued individuals.
            Kaleil’s charisma made this company was it was. It was very difficult for him to balance his work/life, but this is the life of an entrepreneur. Definitely something that reiterated throughout the journey of being your own boss was the sentimental letdowns and rejections that one might incur during the business process. However, there were occasions in which success was reached with the funding and eventually the site went live. The fact that their business tried to jump start into the market immediately allowed for that first-mover advantage, but we saw that there were copiers of their idea.
            The turn of event in the company was the dot.com bubble which was detrimental to their business. GovWorks.com grew too fast and big without a sizable revenue to match that eventually it lost millions in value to its shareholders. It was rather interesting that we later find out that Kaleil was in jail for fraud with another business. However, it was very inspiring to see how these young men built something that might’ve had the potential to be successful.

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