Two lifelong friends created an online business that quickly enjoyed success before a spectacular downfall.
The movie narrates the rise and fall of govWorks.com (initially known as Public Data Systems), a company founded by eight partners in 1998 that disappeared during the 2000 crash, focusing particularly on the adventures of Kaleil Isaza Turman and Tom Herman, partners and friends. And before you watch it, what leads me to call it a classic? It captures many fundamental issues related to entrepreneurship, especially in the realm of technology startups—issues that still resonate today, some unfortunately. Let’s look at a few examples.