Startup.com is a wonderful documentary that released on January 21
2001. This documentary record how two young men (Kaleil Isaza Tuzman, Tom
Herman) founded govWorks.Inc in 1998, how the company growth and went bankrupt
when the dot-com bubble burst in 2000. The directors of this documentary are
Chris Hegedus and Jehane Noujaim, Noujaim was Tuzman's classmate in Harvard
University. Mr Tuzman was leaving Goldman Sach and started his Internet company
govWorks.Inc. In my mind, Mr Tuzman is a very creative person, he got inspired
after he found a ticket. Then, Mr Tuzman decided to started the govWorks.com.
Mr Tuzman and Mr Herman want to use this website makes citizens in local
communities could pay their fees, receive the information from communities, etc
more convenience. They encountered many difficulties during the company's
operation and they hardly have they even have little time to spend with their
family. However, govWorks.Inc got lot of Investment and financing; it raised
$60 million USD in funding. But, govWorks.Inc spent these capitals in a three
years and went bankrupt. In 2000, Tom Herman leaves govWorks.InC and the
dot-com bubble burst in 2000. Mr Tuzman and his investor decided to sell
govWorks.Inc in 2001. All in all, this documentary explains that the successful
and failure of govWorks.com. To be honest, I considered that govWorks.com would
be a successful website, however, the dot-com bubble burst and the company
failure.
Explanation of Dot-com: According to Julia Kagan, "A dotcom, or
dot-com, is a company that conducts business through its website. A dotcom
company embraces the internet as the key component in its business."
Work Cite(MLA):Kagan, Julia. “What Is a Dotcom?” Investopedia, Investopedia, 3
Oct. 2019, https://www.investopedia.com/terms/d/dotcom.asp.
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