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Dot-Com Ventures

Dot-Com Ventures. By Collin and Matt . What the heck is a Dot-Com?. A dot com (.com) is any website that is created and intended to be used for business. However most people use it to describe any website on the internet.

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Dot-Com Ventures

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  1. Dot-Com Ventures

    By Collin and Matt
  2. What the heck is a Dot-Com? A dot com (.com) is any website that is created and intended to be used for business. However most people use it to describe any website on the internet. The term itself can be used as an analogy to the transforming business world and what businesses are doing to adapt to the increasing opportunities and competitive challenges created by the internet. Many businesses are taking advantage of the advertising possibilities that the internet can provide by creating websites or dotcoms.
  3. Failed Ventures Broadband Sports This company was a social media and video sharing website that focused on extreme sports. Before shutting down in February of 2001, Broadband Sports raised over $60 million in revenue and was considered a “high-flying” dot com. It was originally founded in 1998 by Tyler S. Goldman and several well known investors and was based in California.
  4. Failed Ventures Flooz.com It was created by Robert Levitan and went online in February 1999. During the time it was running it made somewhere between $35-50 million. This failed dotcom was like PayPal in that it made paying for things online easy and confidential. However, according to the FBI, a Russian organized crime syndicate was using Flooz.com to launder money. As a result all Flooz credits became worthless and the customers were not able to be refunded. It announced its closure August 26, 2001.
  5. Failed Ventures Cyberian Outpost This website was an online vendor of discounted computer hardware and software. It was founded by Darryl Peck in 1994 and made $355 million dollars until it fell victim to the dot com bubble burst After its stocks fell it was bought and eventually renamed Fry’s electronics.
  6. Why did they fail? They all failed because of the dot com bubble bursting. This wasn’t an actual bubble. The dot com bubble is essentially the online stock market of websites. As this stock market was rising in the late 90’s hundreds of companies were being founded weekly. The bubble “burst” because of numerous high profile court cases targeting tech companies for dishonest business practices. Once these big companies were brought to justice other dot coms began to fall one by one until the market crashed.
  7. Importance of this type of entrepreneurship……….. Many of these websites were started to take advantage of the surplus of capital funding Even though a lot of them failed as a result of the online market crash all these startups paved the way for future companies
  8. www.pants.com We sell shirts that vary in prices from $5 to $600. Our products include novelty shirts and formal casual shirts. Our site will appeal more to the younger crowd (16-25)
  9. Limited Liability Corporations(LLC) An LLC is a simple business structure that is favored by small businesses because it is easy to set up and even easier to run. It’s a mix of a partnership and a corporation Like a partnership it allows for pass-through taxation and like a corporation it protects the owners personal assets from the debts of the company. LLCs offer greater flexibility in ownership and ease of operation but they have some disadvantages 1) A limited liability company which is treated as a partnership cannot take advantage of incentive stock options, engage in tax-free reorganizations, or issue Section 1244 stock. 2) Some states do not tax partnerships but do tax LLCs. 3) Some experts believe that limited liability company discounts may only be 15% compared to 25% to 40% for a closely-held corporation.
  10. Examples of LLC’s Chrysler (Chrysler Group, LLC) Westinghouse Electric Company, LLC Dougherty & Company, LLC Ascent CPA Group, LLC
  11. How to start a LLC Pick a Business Name Fill out the Articles of Organization with your State File the Forms Create an Operating Agreement GET CURRENCY!!! ???
  12. Bibliography http://smallbusiness.chron.com/legal-business-description-llc-356.html http://www.wisegeek.com/what-was-the-dot-com-bubble.htm http://www.nytimes.com/2000/06/02/business/international-business-fashionmallcom-swoops-in-for-the-boocom-fire-sale.html http://www.limitedliabilitycompanycenter.com/llc_disadvantages.html http://sweatingthebigstuff.com/steps-to-creating-an-llc/
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