Número Siete: Startup.com

Startup.com is a documentary following three people starting a company and the journey they went on from being an idea to a full-on company. They were in a time where the internet was becoming big, and they had an opportunity to set themselves up for life. The point of govWorks was to create a way to easily pay for things like transportation and fees like parking tickets. At one point they attracted enough investors that they had 60 million in assets and over 200 employees but that’s when they peaked, it all went downhill from there, they also covered the different issues that arose during their time together as shareholders. Tom and the others disagreed on a lot of different things which led to Tom’s shares being bought out and him leaving. This resulted in him being the only of the three to make money from this startup, he made 700k. They faced multiple challenges like when they were offered $17 million but lost the deal when they couldn’t even get in touch with their lawyers. They had even more issues like their office was broken into at some point. Plus, the software wasn’t fully done, and their website was a glitchy mess. They also had bad marketing which left the competitors multiple steps ahead of them and they were burning through investment funding faster than their cash flow could account for. All around it was an interesting documentary and it gave good insight into the dot com burst and bankruptcy of many companies from the 2000s.

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