2017년 3월 2일 목요일

“Dot.com to Dot.boom"

I use the Internet everyday, but I have never thought about the history of dot.com.
In the class, professor Andrew Fry talked about five stages of dot.com history. In the beginning, in the early 1990s, The World Wide Web is invented and the Internet was widespread. People got interested in the new technology area. The invention of new technology brought a dot.com boom. Many people were interested in launching a business using the internet. In that time, in the middle of 1990s, many dot.com startup companies were spring up like mushrooms with just an idea, not good business model. During the next couple of years, the dot.com market was insanity. In the late 1990s, the dot.com companies expanded their companies with venture capital funding. Some of the company’s founder became a billionair through the initial public offering (IPO). Some dot.com companies acquired other dot.com companies. However, the dot.com bubble didn’t last long. In the early 2000s, the stock market made down turn and a lot of dot.com company went bust or bankrupt because of the lack of the business plan and financial plan. After passing the dot.com bust stage about two years, only few e-commerce companies survived, the job market started to rebound, and the venture capital was also rebounded. In the middle of 2000s, Web 2.0 brought the second dot.com boom around Silicon Valley.


Through this lecture, I learned how important the business plan and financial plan is. The product and service of my business ides is also the Internet based company. Starting a business with just a great idea doesn’t mean that business will bring a success. If I don’t organize my business structure and don’t prepare financial plan, the company could be bust out such as the dot.com companies busted out in 1900s.

2017년 2월 23일 목요일

"Shadrach's four tips for success"


If I run a business or start a business, what should I keep in my mind? I had a great time to learn what I should keep in mind to work or do business through Shadrach White’s speaking. Shadrach White had operated four business and he is the CEO of CloudPWR, which is a software company. He had operated four businesses and only two of them are related to technology. After he obtained Certificate of Network Engineering, he changed the type of business to technology. He mentioned four things that he always does and keeps in mind for success: be a revenue hawk, have good attitude: smile and be kind, make quite a space, and read other subjects outside of your business. To be a revenue hawk, he said that we should always keep watching on money. The second tip for success is being a nice person. He mentioned that there is the cultural diversity in our around. Someone could be a potential partner and we always need others’ help to run a business, so keeping a good relationship is one of the most important tip to make a business be successful. He also talked about the work environment. He preferred to keep the work environment be quite and be relax. When we run a business, we should meet a bad situation even it is not significant. We might need time to think and make decision. Setting the work environment and taking a break is the tip to run a business well. The last tip to get a business idea is reading other subject rather than what I am doing a business. He suggested to read a trend and get a good idea for next business. When I imagine to run a business, I have only thought about one business and I would run that business forever. After having his speaking, I changed my mind that I need to have open-mind to be a revenue hawk and lead a business to succeed.

2017년 2월 20일 월요일

"Mission and Vision of MyTown"

To revive local economy,
To revive our towns,
To live in real world,


MyTown application introduces all businesses, including restaurants, shopping, entertainment, services, and more, and provides user reviews of all businesses in users’ towns so that we meet our neighbors, revive our local economy, and live our lives in the real world.