So after watching this movie we got to see the perspective of two young entrepreneurs that were trying to reach success. We get to see their journey from when they started and how they started which was really fun to watch. This documentary was involved around two friends one named Kaleil Isaza Tuzman and Tom Herman. In the beginning these two fellows were trying to figure out the name of the company. They were arguing about what should they name the company. Kaleil thought maybe govWorks wont work but after giving another thought he said yes and said that govWorks will be a good choice. After that they tried to find investors. They purposed there plan to many investors where some investors were like go to the west coast because they do internet related stuff, but they didn't give up. They found the right investors and went along, but had to face many obstacles but thats how business works. As the documentary was going along, we as viewers saw how from 8 employees the company was increasing and was becoming bigger because at the end they had about 200 employees which is really hard to get. Their companies motive was to help people do government related stuff on the internet so thats why they made a site to make it easy for them. So this was a new idea which worked and helped Kaleil and Tom grow as businessman, but at the end everything went bad. The market crashed and the co founders separated and had a big argument between them. At the end, both of the founders got 0 money and it was a big lesson for them!
After going to class last week I learned a lot of things such as people can steal ideas and we need to be secure before it happens. There are people who are trustworthy but there are people who can be clever sometimes so it is always sensible to protect your intellectual property. We learned about different methods in class in which we can protect our intellectual property. One method was creating a trademark. So with a trademark, such as a symbol or some kind of name our company will be unique from other companies. For example the apple company has their own logo which makes them stand out and different. So having a symbol of some sort is necessary in order to make the company standout. Also another way to protect your intellectual property is by copyright. Copyright helps an entrepreneur because then nobody can legally change or copy the work you have. So this right is great because then no stranger can copy the same idea and this method helps one protect their intellectual prop...
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