Thursday, December 3, 2015

Startup.com movie

Startup.com is a documentary movie based on a true story during the late 1990s and early 2000s. This movie reminded me of 2008 recession where people thought they were balling (rich) and suddenly the economy crashed and people lost everything. This company named Govworks is a great example for the Dot.com to Dot.bomb to Dot and Pyramid Company. In 1998, Kaleil Isaza Tuzman and Tom Herman get together with a faith of making online services where you can pay the parking tickets online and save time-money. They all quit their jobs and started working together. Day by day the company started growing, hiring more people.
The company is getting famous and getting a lot of attention from media. Tuzman also met up with President Bill Clinton. People started buying their shares, I would of too. He is having meetings with the President, obviously he is legit and going to make a lot of money. After getting popular, people got interested and bought the shares. Became the more than 60 million dollars before even doing anything, before the actual website was made.
They were living the celebrity life with the bling, they were making a lot of money and having a lot of fun- big cars, being on the media all the time. They get some competition from other companies who were doing the same thing. Tuzman lets their competitors to see their workplace and plans with just being overconfident and stupid. They paid a lot of money to the web-designers but the website did not achieve the expectations. The competitor’s website was better. It was interesting Turzman with two sides, he fired his friend Tom but on his face he acted like he didn’t have anything to do with it.

In 2000, the company went bankrupted total 0 and everything ended. 

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