Startup.com or How Not to Start a Business - Essay Example

Only on StudentShare

Extract of sample
Startup.com or How Not to Start a Business


It seemed so easy. Kaleil Isaza Tuzman and his friend Tom Herman would get a massive fortune from venture capitalists, invest it in their Internet idea and be overnight billionaires. That, unfortunately, was the economic philosophy in the late 1990s. Get rich quick was the name of the game. For those without an idea, they could ride the coattails with stock options. As the movie is seen now, the end is so predictable. But in 1999-2000, the audience would have been on the edge of their seat unable to know if they would succeed or fail.
Of course they had to fail. They violated every rule of market economics imaginable on their way down the road to ruin. They had no marketable product. They had done no market research. They did not apply the most rudimentary laws of supply and demand. They never considered that he stock price would seek its true value. They never considered cash flow except for how much could flow through their hands. Any student with average grades in Finance 101 could have made a better run as success than these two guys.
This movie is a lesson that teaches the student of finance that here is more to this business of business than just getting a bunch of money and spending it. There is leadership. Startup.com had no leadership. ...
Download paper

Summary

The movie Startup.com is a documentary portrayal of two friends who try to capitalize on the booming dot com business at the turn of the 21st century. The movie was a realistic view into what has often been called 'market over-exuberance'. It is a story about friendship gained and lost, money squandered, and the American dream shattered…
Author : ostracke

Related Essays

Getting Ready To Start Business
For the matrix, these are multi-functional. Long distance services are now flat fee via a number of companies and Internet service providers....
2 pages (502 words) Essay
New Business Start Up
As they are planning to introduce a totally new product and brand to consumers, they are anxious about the consumers' response and reaction. For that detailed survey was carried out. It must be notified that Radiant Co. products target skin conscious people of upper middle and upper class....
15 pages (3765 words) Essay
Head Start
This then would create a Head Start pilot program for eight states, allowing them to design their own early childhood programs, funded with federal Head Start grants. The state programs would have to "meet or exceed" national quality standards, but would not have to follow the detailed federal regulations that apply to local Head Start centers. Democrats called the pilot program nothing more than a block grant, and said it signaled the eventual end of Head Start (http:/www.pbs.org/newshour/bb/congress/july-dec03/headstart_07-25.html, 2003)....
4 pages (1004 words) Essay
Is market research necessary for start-up-business? Discuss.
1998.Marketing Research, P.106, Tata McGraw-Hill )....
4 pages (1004 words) Essay
how to start a new business in engineering field
Proper cost effective and suitable policies should be applied by any organization to expand it and make it profitable and successful....
7 pages (1757 words) Essay
The challenges for business start-ups.
The entrepreneur has to develop a definite approach to promote their business. Previously the meaning of innovation basically implied technological leadership, but at present it has become a common strategy for every business. Entrepreneurship is required to adopt an approach to ensure that flow of innovation is in right direction according to strategies of the business. There is a need to review an innovation in a business as competition in the marketplace is increasing. In this context, such an innovation is “The Cave” which is an innovative marketing technique of Procter & Gamble, which...
11 pages (2761 words) Essay
Got a tricky question? Receive an answer from students like you! Try us!