Cheap E-Dreams (DVD) (Joseph Park, Yong Kang) (Wonsuk Chin) Price
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$13.46
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| ACTORS: | Joseph Park, Yong Kang |
| CATEGORY: | DVD |
| DIRECTOR: | Wonsuk Chin |
| MANUFACTURER: | C.A.V. Distribution |
| MPAA RATING: | NR (Not Rated) |
| FEATURES: | Color |
| TYPE: | Documentary |
| MEDIA: | DVD |
| # OF MEDIA: | 1 |
| UPC: | 880076000179 |
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Customer Reviews of E-Dreams
Better than startup.com I actually liked this one a little more than startup.com since the characters are actually likable. The directing and photography are cool and the music soundtrack - where can I get it? Well done and worth it!
Like Watching a 90-Minute Infomercial
As another reviewer stated, the DVD is a 90 minute documentary film chronicling the rise and fall of the Internet startup, Kozmo.com. (If you're not familiar with Kozmo, these were the folks who would rent you a movie or sell small commodities and bike them to your home within an hour). The story begins with Kozmo's beginnings in early 1999, through several rounds of venture capital funding, to a strategic partnership with Starbucks coffee (Kozmo return containers would be kept inside Starbucks stores) and their almost IPO which was scheduled to take place about two weeks after the stock market started tanking in early-mid 2000.
As you may remember, the precipitous drop in the stock market, especially in 'Internet' stocks, created a chilly climate for IPOs. Whereas people were willing to buy shares in Internet startups with no profits and dubious business plans during 1998-99, by mid-2000, everyone was selling. Companies like Kozmo, losing money at a precipitous rate with no profitability in sight, had no hope of a successful IPO. Within a year, Kozmo closed for good.
So, is the DVD good? Yes...and no. The show is a documentary, but without a narrator. Much of it is footage of Kozmo's founder, who had dragged a cameraman around with him while he was building the company, and the vast majority of footage is shots of him 'in action.' There's nothing to put what you're seeing in perspective of the larger Internet stock bubble, so you're left to rely on your personal knowledge of the events of 1999-2000. However, the chronology of the DVD is good, and watching the company start at nothing and grow to 4000 employees within a year is interesting.
I also have a little secret: As one of many who lost money during the market drop of 2000-2002, I have to admit I liked watching the Kozmo founders get so close to the 'big money' of an IPO, then fail to cash in when the market tanked. At least SOME people trying to make big bucks off unprofitable business plans were stopped before they could run off with the money of common investors.
Fascinating, illuminating and hilarious!!
The filmmakers followed Kozmo.com CEO, Joe Park, over a a couple of years. Filmed in real time, you get to watch history unfold on an amazing story. Now out of business, we watch Kozmo.com grow and become a huge. As the operations become more and more complex, the young CEO spends more and more time worrying about financing and an impending IPO, which ultimately fails. I commend the filmmakers for not editing the footage to make obvious what we now know to be true or casting the events they recorded using 20/20 hindsight. I found it interesting to note where the audience laughed. There seemed to be an assumption that the fall of Kozmo.com was pre-destined and that their business model was never a good idea. I disagree with this premise, and ultimately believe that something very much like it will be successful. Thankfully, the film allows one to draw their own conclusions. Highly recommended.