Startup.com

Background Startup.com is a documentary film about govWorks.com, a start-up tech company that operated between May 1999 and December 2000. The company raised $60 million US dollars from various venture capitals and was thought to become a million-dollar business that will go public on the stock exchanges. Unfortunately, the company did not survive when the dot com bubble bursted. The company was founded by two best friends since high school, Kaleil Isaza Tuzman and Tom Herman. Their friendship also

Startup.com shows the perils of going into business with a shaky business plan. It shows the initial excitement, the rise and fame, the bumping of heads and the eventual downfall. Such is the story of govworks.com, the documentary, startup.com covers it’s first, and only, year in business. Long-time friends, Tom Herman and Kaleil Isaza Tuzman, had a great business idea, with a large market, and little competition. They took something that nearly everyone goes through, and marketed it in a more efficient

Starting a business is hard and requires a lot of commitment, learning, and determination. It is a challenging thing that can lead to a huge success or to a huge failure. So, the Startup.com documentary shows us the success and quick failure of govWorks Inc. a dot-com company founded in 1998 by Kaleil Isaza Tuzman and Tom Herman. The documentary gives the audience an insight of how difficult can be mixing friends and business. The dream of Kaleil and Herman, entrepreneurs and co-founders, came to

The board of directors is also highly influential to a corporation and should therefore also be held accountable for supporting a corporation’s ethical code of conduct. The board of directors is responsible for looking out for the best interests of shareholders (Cross & Miller, 2012). The board of directors was designed to monitor executives, however in practice this is not always the case (Cross & Miller). Obviously this is monitoring is a necessary duty. A proposed change to ensure that the board

According to Inc. 500, what percent of entrepreneurs start businesses with their friends or family members? A) Less than 5% B) About 10% C) About 20% D) Approximately 40% E) More than 65% (Answer – D) 8. What does the movie, Startup.com, demonstrate? A) How outside financing contributes to equity B) How expensive lawyers can be C) How working together can affect the relationship of two lifelong friends D) How much the government is willing to help young entrepreneurs

AJSHERMAN@MWE.COM (E-MAIL) WDC99 474195-1.T06139.0012 INTRODUCTION At several recent Netpreneur.org Coffee & DoughNuts events, including the May 23rd program on Ratchets, Cramdowns and Other Scary Venture Capital Terms as well as the recent Startup.com film event on July 17th, many members of our Netpreneur community posed questions on the fundamentals of structuring venture capital transactions, including many that time prevented the