Everyone has heard of excess spending during the boom days of the dotcom period- Young entrepreneurs, usually straight out of college, coming up with crazy (and crazier) ideas for new dotcom companies with unproven business models getting VC funding and spending it on fancy cars, glitzy offices, parties, and booze. I just watched a great movie- Purpose (2001: John Light, Jeffrey Donovan)- that makes a good and interesting presentation of new businesses in the dotcom era. It is the story of a college dropout John Elias who has an idea to start a web-based business. The movie follows John Elias from his innocent college days where he dreamed about making it big, working with his friends, and living together with his girl friend to the time he becomes an internet entrepreneur who has lost his company, his friends, and his girl friend. I enjoyed the movie and I think it’s a great movie for entrepreneurship students and for teachers wanting to talk about entrepreneurship-related concepts like opportunity exploitation, angel investing, equity investment etc. in class. Of course, I am curious to know what others, especially entrepreneurs who have been through the dotcom boom and bust- been there, done it- think about the movie.
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