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Kaleil Isaza Tuzman and Tom Herman have had a dream since they became friends at age fifteen: get rich by developing their own dot com company, in some aspect of computer technology interface. Now in their late twenties, they have now come up with the idea they believe will make their riches, namely as Tom refers to it, "parking tickets": the company will be the on-line revenue collection interface for municipal governments. GovWorks.com came into existence in May 1999 with only an idea. The process of building the business focuses on obtaining venture capital based solely on the idea, with the actual mechanics of the website seemingly almost an afterthought, or at least one left primarily to the hired help. Regardless of the strength of the idea itself in raising this capital, another initial problem they face is what they see as non-commitment by a third partner, Kaleil's friend Chieh Cheung. In early 2000, they do manage to go live with their product to what seems to be a promising... Written by
Those who are commenting on the mediocrity of the craftmanship of this movie are missing the point. The rise and fall of the dot-coms have become a meaningful part of American history and lore. Stock tickers, balance sheets and bankruptcy sales tell part of the story, but there's a difference between arriving at the scene of a train wreck and actually watching it happen.
The value of this movie is that, in spite of all of its flaws, you get to watch the train wreck knowing full well what's going to come, you can see why the principals didn't see the things that seem so obvious to us watching the film now, and you can see how their hubris, lack of technical understanding and lack of focus lead to their downfall.
I'm sure that it could been a better movie, but it's the only behind the scenes account we have of what must have happened hundreds of times all over the country. Like the Zapruder film and Hanlon & Naudet's account of 9/11, it's value comes from the fact that the cameras were there, catching history as it happened.
This movie should be required viewing for all B-School students, sort of like making student drivers watch Red Asphalt.
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