skoot

The last guest speaker that came in is the CEO of Topia. She talked a little about her company background and then moved onto some of her projects and works. Her story about how she got into the business was interesting. What was the most interesting part of her talk was the skoot project they have. It is a service that connects all your electronic devices together by using meta-data to access the files. The services also uses the extra unused computer proccessing power to use. This was most interesting to me because this is something i would like to use and it relates to me, a person who uses a lot of electronics and has multiple pc’s. Instead of trying to upload files to a server only to later download it is a hassle and skoot is the solution.

Blueray to DVD back to VHS and betamax ya do it ya now do it !!!!

The movie that was shown in class on Thursday was called Startup.com, which was a video documentary that followed a company around the time of the internet bubble. The movie was about two friends who started an internet company that was called govWorks. These two friends have known each other since high school. During the movie there was fallout between then and a friend fired the other (Tom Herman). Shortly after his termination from the company the internet bubble blew up and exploded. Then there was a little blurb at the end of the movie that stated they got back together to start another company that would help other companies cope with the bubbles bursting effects.

Dominos are fun...!!! boom

Dot.Com to Dot.Bomb was the day of the snow, well a snow day for me and others at least. So all I have is the slides to work from. The slides detail the events of how the internet bubble started to inflate and then detailed its inevitable pop (also INSANITY). Pyramid schemes and non-growth within a vacuum are things also mentioned in the slides. There is a sample list of companies that burned from the bubbles burst. But then all of a sudden internet companies stated to post profits and then a new beginning started and a new boom is occurring. I wonder if this is just a cycle brought about by tends that will eventually become out of fashion and then burst into flames. Fun stuff ya….

Adam West..... I mean Smith

We were lucky enough to get to hear from Congressman Adam Smith. He mentions that he was a part of the new democrats I believe but I am uncertain what that group is or if he even said this. I am glad to hear some of the things he said during his speech because I could understand most of it, learning different things by being a part of the business school; helped me follow along most of his speech. I liked his views on the Department of Defense and how they can lead to or bring about new technology that would be used for things other than military purposes. The idea of investing into the next technology etc was also nice because we are ever in need to increase our energy output, especially with the rising energy use of China etc.

google "John Dimmer"

John dimmer was our most recent guest speaker. If he somehow googles his name and finds this blog post talking about him then I hope it’s a good blog post. He started off by talking about his background. There were a lot of interesting points said during this informational dialog. This seemed to interlink between what he was also trying to convey at the end of the class. I enjoyed the different views from his perspective on how to raise capital for a up and coming business, since we had other guest speakers that also showed their opinions on how and when to get capital for your company. I especially liked his view on investing, because the risk of investing and companies failing compared to a 1/10 chance a company would succeed; his expected return would be about 10 times what he invested to cover the losses. That’s if only 1 hits but if more than one hits he not only makes his money back but also makes a profit.

more reading......

In the next reading assignment that we had to do, basically outlines the business plan template that we have to write. It started off by talking about the executive summary. Here it explained the importance of an executive summary and what it should convey. Also it should be written last. The next thing it talked about was how the company should be described if a potential investor reads this section and is interested in the company’s goals, and vision statement. In the market size section it states that niche targets do not appeal to investors. The technological part explained that if it is a new technology it should be explained in readable terms, so it’s not too technical to the reader. The next parts were competition, sales, finance, and management.

Give me monies nao

I need funding in order to start my business. One way to get funding is self funding. I could get a job and save up; also I could get credit cards and take money out of savings. The next option and probably would do this on top of self funding, which is to borrow money from friends and family. Most likely I would be able to get money from family and also I probably wouldn’t want to borrow money from friends because I would not feel comfortable borrowing from friends (cuz that’s the type of person I am). But before I start to even think about funding I would need to write my business plan and try and calculate how much I need to start and maintain my business goals. And if/when my business would need to expand I would look into other sources of financing that were mentioned in class.