Dot.com to dot.Boom

                  Andrew gave a lecture on the dot.com to dot. Boom on Tuesday. In the mid -90's technology companies such as Yahoo, AOL, pets.com, US Web and other tech companies were booming.  In the start of 1992 the internet just started to be developed. The tech companies were arrogant and thought they were invincible. They started to become greedy and companies grow rapidly. This caused the bubble to bust. Andrew Fry was the co-founder of Free Range Media, a web development firm in 1994 Andrew media company saw this coming and was able to be ahead in the market and was able to have first-mover advantage. Andrew Fry was able to secure many high profile clients such as the NFL and Nikkei. Being an old company their stubbornness is the main reason of their downfall.

The World Wide Web became popular during the 90's, and every tech company wanted to be a part of it. Deals were being made at a rapid rate, companies built and sold things and convinced people they were missing out. People wanted to be a part of the next big thing and so capital was invested a lot in many tech companies.

In class the analogy that Andrew used was the dinosaurs they represented the big Tech companies. They were very big like the dinosaurs and thought they ruled the world with all their power and money. But then the bubble busted and the big tech companies the dinosaurs fell down and died just like the dinosaurs who became extinct because of the asteroid that hit the earth. Except for yahoo who was the crocodile that adapted to the World Wide Web Project. The dinosaurs represent  the Five Stages: An Innocent Beginning, Boom!!, Insanity!!!!!!!!!!!!!, Bust!@#%*!,The Crawl Back to Sanity. The big tech companies fail because they couldn't adapt to something new.

John Dimmer

        Last Thursday John Dimmer came to our class to speak. John was a former business partner with Andrew Fry they started Free Range Media together in 1994.They knew each other since high school and are still close friends. He graduated from the University of Oregon with a degree in finance and started out working for Puget Sound Bank. Later on he moved on to work at Alliance Surety Bonds. He gained a lot of experience there and that helped him gain experience for being an entrepreneur.He became an angel investor and also started a Honda dealership.
John talked about using the Golden cuffs to keep his best employees in the car dealership. Which is give your best employee the best offer ever where they won't leave because no where else has that offer.

        He also gave advice on funding your company if you wanted to start one. Crowdfunding was one way he said was useful to fund your company. Crowdfunding lets customers feel like good because its like being a part of something before it gets big. John also talks about the legal structures. he states :It is important to every entrepreneur to know their company’s structure, they are LLCs, partnerships, sole proprietorship, corporation etc. I learned a lot about funding a startup company and legal structures which I didn't really think about til John Dimmer came to speak.

Amy Sallin

          Last Thursday Amy Sallin came to speak  to our class. A little of her background is that she Connects visionary students with the resources they need to achieve their entrepreneurial dreams. Plan and execute the Buerk Center for Entrepreneurship's Business Plan Competition as well as the Jones + Foster Accelerator program.Amy talked about one of the ways to find start up funding for a business. One of the ways is winning a  business competition, which is very hard. 
         She talks about the UW business plan competitition:

• there is $70,000 prizes awareded.

Benifits:

• Make serious progress on your idea/vision
• Gain visibility from the entire community
• Build your network of contacts
• Get feedback from other entrepreneurs
• Receive skilled coaching  and mentoring
• Win money to start your company

        She gave tips on what to say when you are proposing your business plan in the competition. She states that you have to be honest and realistic about your business. You can't say for example every body will buy and like your product that's not realistic.Also do your research because some people will say they have no competitors but they do. Her advice for a team was to have 4-5 people but 10 people was like over kill. At the same time she said if you have more people you do less talking.

Mission and Vision statement

Mission statement: To help better peoples and small businesses lives by building them a fantastic app for them to succeed in their personal lives or small business.

Vision: To help people who have big dreams by building them affordable quality apps around the world.

Mantra:

 Anybody can have a fantastic app.

Fantastic Apps

My company will be called Fantastic Apps:

            Fantastic Apps is a company that will build personal Apps or business Apps for people or companies that want quality but low prices. And who also wants Apps or App build in a decent amount of time. I will have already built Apps, so I can have app examples for my company to showcase to potential clients.

            To do so my company can use an App Previewer app. Clients can Install the previewer on their smartphone and show any app my company is building or have built live on their phones. So my potential clients can watch example apps or already made apps live in action on their smartphone.

            There will be different price ranges for personal apps and business apps. Like for example a guitar player off the street s decide they want an app theirs will be cheaper than a small business owner who wants an app. There will be different package deals for personal and business clients. For already made apps it will be cheaper then apps made from scratch.

Here's my rough draft of my companies logo:

      

Brian Forth

      Brian Forth l is a founder of SiteCrafting which create and maintain website for enterprise, small business, facilitators etc. Brian's talk about how he started of as a  school teacher teaching children in the 5th grade web design so they can make websites for the teachers.It was to help teachers learn the internet, it was called "Teacher Universe". He really cared about the users experience because he would see a better way a person could do their website or app and try to convince them to do it. He would do the research and  try convince his clients to change their strategies before actually starting to create their website or app.Brian also has another idea about  a company called Gearlab its a user testing facility inside Sitecrafting testing for user interaction within prototypes.

Erick Hanberg

      Is an entrepreneur and an author of 8 books. He used to be partners with Derick Young Exit133.He also was a director of Grand Cinema and has served on the Metro Parks Board of Tacoma since 2010.   He states it is great to start something but its even to finish. He talked  how he got into writing books. Some projects he started was SideXSide which is a graphic design company focusing on non-profits,The Horatio and Suite133. Right now he is working on SideXSide with his wife and also still sells books.He is also an author of fiction, mystery and nonprofit books, as well as co-owner with his wife, Mary Holste. He writes books on all kinds of different subjects,he doesn't just right about one subject he is very diverse in his books.He puts his books on Kindle because Kindle allows for more self publishing, and he gets 70% of sales.

       When listening to Erick talk about writing books it made me think about how i have ideas to write a book and that i should start writing a book. I just want  to start something and just finish it. Basically he said before you start a business you should start something and finish it because that's something you can say as a business owner that you can finish something.