Funding (All is in the Cloud)

There are many different ways to start the Funding of the Company. It is very important to have a good business plan and also important to have good, hard working and trust worthy business partners. It is very important to be committed to the plan and go through the hard ships. To start the company I will try to patents first and I will try to discuss with my family and friends about it. The first test to test the idea in real world and make sure it worth the effort.  For the start up, I will try to do it full time with the saving may be around $10,000 - 20,000 to put in. There should be small goals every day, month, quarter and yearly. I will try to get my partners based on their experience and their passion in the company. The first step will be building a team and making a corporation or Limited Liability Team in which it will be clearly written about the member and the percentages of their share in the company. The first step will be try to convince my family, friends to give me some loan for the startup for the company around $80,000 to $100,000.  Our company will also try to get some percentage as an advance payment from the clients and also sign contract with them about the services being provided and the payment details with them. When the company gets on a bigger level, we can approach the investors, banks and other money loan lending institutes.

Startup.com Documentary

Startup.com was a great documentary that captured a great amount of information with the big boom with the start of internet and how new opportunities opened up for everyone and ready to jump it. The story started when the two friends have an idea of opening a company called govWorks.com which will help the consumers to pay their parking tickets, renew their licenses and even do other things while being at home. It sounded very great but the biggest failure was they couldn't deliver what they promised and had big huge problems with their upper administration. The company grew exponentially and became harder for the Co-CEO to handle it. Kaleil Tuzman was the in charge of the finances in the company and the Tom Herman was the in charge of the Technology in the company. The third founder Kenneth got $700,000 for his share in the company which was very less than the worth of his share in his company and the value of the company was much more than that. Kaleil worked pretty good in generating the funds for the company and also making them a popular name in the news headlines. The revenue they generated was more than 60 million dollars but because of having next to low experience and needed good programmers to make the website functional and usable. It was little awkward seeing Tom getting kicked out of the office and It was interesting that the Kaleil's computer got breached and now he is serving time for fraud and data breach. 

Shadrach White

It was a great opportunity to hear the experience with his business, the mistakes and good choices he made. The plan of the success is never straight, and it is always the process of learning and making changing if they are needed in it. Shadrach White did make many different companies and many ups and downs. He had an eye opener with his first company in which he failed miserably and had a dept of seventy five thousand dollars. He had a great idea of selling original NBA jersey of NBA teams. The part the company struggle was the lack of knowledge of financial side of the business. Because of that the company went out of business. This gave him the time to get more knowledge and work on the mistakes he made earlier in this project. The second company was a success, but he had issues going on with the other partners in which he had to leave the company. The company became worth over 20 million dollars and he also became a millionaire. The lesson he learned from this was to always put it down on the paper before starting any company which the shareholders and how many percentages of each shareholder are owns in the company.  It is important lesson for any new company to record everything and have everything written completely. The third company he is working right now is a company is cloud computer base company which work with company and help them do everything cloud base instead of the hardware. This company has became a big success with this new platform. This is 100% owned by him and is now worth over 10 million dollars.