Startup.com Documentary

Startup.com documentary was really interesting because it provided different aspects of business. It also shows what to do and not to do as a startup.

In this documentary, I learned that having a good name for the company is key because if people are not attracted by the name of your company, that will not push them to invest in it. This documentary shows how three friends: Tom Herman, Kaleil Isaza Tuzman and Chieh Cheung that started their own company govWorks. The main objective of their company was to help people pay parking ticket online. However, things did not always as plan because there are series of self-interest and betrayal that we see through the documentary. After the company was launched and they started struggling to get investment, one of the founders, Cheung decided to be bought out for 700k because for him, it was all about the money. However, the other two continued to raise funds for the company and make it work.

One thing that they did wrong as a company was that they were so focused on finding investors that they did not have time to work on the product that they have to deliver to the company. This is something I learned that I will try to avoid when launching my own company. I believe it is better to have a product then start to look for investors at that time. At the end of the video, where Kaleil and boards tried to push out Tom and replace him by another. It shows the lack of trust between two people grew up together. Kaleil had an ego and always pushing to find investors. While Tom was kind an indecisive in some parts. At the end, they both ended selling their company because of bankruptcy. In all there was no real cause that lead them to bankruptcy. The lesson that I learned after watching this documentary, if you are going to start a business, start it with someone you trust and respect.