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Guest Speaker: Brian Forth

 Brian Forth is the founder and brand ambassador of Sitecrafting. Like previous speakers, Brian has an interesting background. He was an elementary teacher. While in college, he wanted to become a screenwriter and chose a major in philosophy. He also built computers on the side as a college student due to the emerging popularity of personal computers. Because of that experience, he was able to hold a coding class on building websites. Brian founded Sitecrafting in the 90s in San Francisco. Sitecrafting is a branding and web development company. The main virtue of the company is to solve problems and alleviate suffering for others. Brian emphasizes treating his employees like family and trusts his staff in their work. He stated that his employees are irreplaceable and that one way to select the right clients is how they treat his employees. When the pandemic hit, he said that he didn't let anyone go and instead allowed everyone to work from home. The pandemic also created new opport

Dot com to dot bomb

 The dot com bubble was a phenomenon that happened in the late 90s. The dot com boom all started because of the expansion of the internet to common households. Like any other economic bubble, this phenomenon can be observed in 5 stages. First comes the displacement. Displacement is an event or a technology that sows the seed of change. In this case, it was the Internet! In lecture, it was defined as an innocent beginning. The oldest browser was created during this time, but not much was on the net at the time. Next came the boom. A boom occurs when more and more participants enter the market. At this phase, more people have gathered interest in the Internet, growing the market. More businesses related to the web, such as a multimedia company, have also popped up to meet the increasing demands of the market. People will feel a certain pressure to not miss this one-in-chance opportunity to hop in on these businesses. The next phase is the euphoric stage. Extremely high valuations are are

Guest Speaker: John Dimmer

I find John Dimmer to be a business genius and a great storyteller. John had a very interesting background as he went to University of Oregon for professional golf. However, over time, he found it best to gather as much experience in order to start a business. He emphasized understanding your own motivations for starting a business and to run it with purpose. John was quite frank and stated that his purpose was to "make a buttload of money". Thus, in order to attain his goal, he started working at a bank to learn the fundamentals of credit. His job was to evaluate credit reports and people's background for people wanting to finance for a car. He then moved onto a surety bonding company where he evaluated building contractors to see if they're capable in building. John mentioned that the most important skills he gained with his experience so far was evaluating people's characters and capabilities, financial analysis, and reading contracts. At this point in time, Jo

All about pricing and annual needs.

For my business, I will be distributing Asian snacks through an online platform as well as through a physical shop. I believe that $200k is a good starting amount. Below are the categories for most prominent expenses of my business: Store lease/rent + equipment: Since my plan is to open a shop in Tacoma, rent would be quite expensive especially around the school. I searched online for a spaces available for lease on Pacific Ave and I found a space next to Starbucks near the school with about 1.66K sq ft of space and a rate of $19/sqft/yr. That would total to about 31.5K alone spent on lease annually. The store would also need display shelves, refrigeration, utilities (electricity, water, heating) which would be about $30K for equipment and utilities bill. Renovations would be about $10K. Snack box supplies: I'm also planning to provide a snack box collection where people can order a $40 box with about 20-25 snacks. The supplies for this snack box would include shipping fee, the sna

Startup.com

Startup.com was a 2001 movie that documented the start and end of Govworks.com, a dot-com company aimed to assist those that want to pay their parking tickets online. The company was founded by three people: Kaleil, Tom, and Chieh. Kaleil and Tom knew each other from high school. After high school, Kaleil went onto studying at Harvard and then working at Goldman Sachs. Kaleil then quit his job at Goldman Sachs to work on Govworks.com along with Tom and Chieh. At the start, all of them were excited to have an office, getting equipment, stepping in Silicon Valley to talk to investors. I noticed that Kaleil had a natural talent to lead and he was also very aggressively passionate with his job. After talks with investors, he told Tom to stop sending investors the wrong message about the company, with a few colorful words here and there. Tom explained that he was just playing devil's advocate. Talking with an investor is something that both of them would have rehearsed for, so Tom had a

Guest Speaker: Nate Tolbert

 I had fun listening to the Guest Speaker event with Nate Tolbert. Nate's current business is a Tacoma maritime incubator that helps with startup companies in the maritime industry in Tacoma. Although the Tacoma maritime incubator is based in Tacoma, Nate and his team has partnered up with other incubators in Seattle, Alaska, and Oregon in hopes of expanding the business. Nate had an interesting background. Throughout his childhood, he had worked in his dad's business by working in the docks, taking care of the billing and accounting, and got involved with dispatching. However, things took a turn for the worst when his dad was injured from more than one accident within the span of a few months. The business came to an end when his father's accountant was found to be extorting the money. Nate told us that he learned an important lesson that day. He said that his father should have closed the business, even just temporarily, instead of pushing in his semi-comatose state. Thus

Guest Speaker: Matt Tolentino

I found that Matthew's background was very interesting. He went from figure skating professionally as a teenager, occasionally skipping school for competition, to working in the Pentagon affiliated with the Navy and DOD. He stated that the main reason he chose the specific universities he attended was because they were near where he was stationed. I was shocked that he stated it so nonchalantly. First, he got a job before he received his Bachelor's which would be difficult in this day and age. Second, he got a job at the Pentagon . Now, I'm not sure at what stage of his life he was at but his abrupt transition made it seem like he was fresh out of high school when he was offered that position. I also found it amazing that he then went onto working at Intel and had the company sponsor his PhD education. Now onto Namatad. He accidentally founded his company Namatad as an endeavour to help improve survivability of firefighters. Matthew met the chief of the fire department and