Monday, October 3, 2011

Week 1

This week we watched a documentary called "startup.com". The documentary followed two main entrepreneurs, Kaleil Isaza Tuzman and Tom Herman, in their pursuit to create a successful new company. They tried to create a web-site based business called "govworks.com". The site started off well, but within the next 12 months it fizzled out of business. This happened for a couple reasons. First, other people had came up with the same or similar ideas for a website. Also, the Kaleil and Tom really were not aware of how to handle any of the technical aspects of maintaining the site. This definitely slowed the maintenance process especially when the company was understaffed. Despite their brief success, govworks.com soon shut down and Kaleil and Tom went on their separate career paths. This movie was a good example of how quickly success and failure can impact a young company. Kaleil and Tom were not very organized nor prepared for the challenges that they encountered and because of that their company failed.

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