E-Dreams

2001
6.8| 1h33m| NA| en| More Info
Released: 02 June 2001 Released
Producted By:
Country:
Budget: 0
Revenue: 0
Official Website:
Info

They were handed $280 million dollars at age 28. They were on top of the world with a revolutionary idea to change our daily lives. And then it all came crashing down! This is the unbelievable story following the ups and downs of Joseph Park and Yong Kang, the founders of Kozmo.com. It's about the madness of chasing wealth, the lure of excess and the struggle for the American Dream

Genre

Documentary

Watch Online

E-Dreams (2001) is currently not available on any services.

Cast

Director

Wonsuk Chin

Production Companies

E-Dreams Videos and Images
  • Top Credited Cast
  • |
  • Crew

E-Dreams Audience Reviews

Siflutter It's easily one of the freshest, sharpest and most enjoyable films of this year.
Aneesa Wardle The story, direction, characters, and writing/dialogue is akin to taking a tranquilizer shot to the neck, but everything else was so well done.
Leoni Haney Yes, absolutely, there is fun to be had, as well as many, many things to go boom, all amid an atmospheric urban jungle.
Taha Avalos The best films of this genre always show a path and provide a takeaway for being a better person.
vincent-27 2 Trillion dollars down the drain in 6 days? Just think what that money could do in the world. It amazes me how people jump all over the government for overspending and being inefficient, well at least they provide some kind of service, where did all that money go? This movie documents the rise and fall of a startup dot com company during the late 90's, much like the movie "startup.com" did (a far superior film). Kozmo.com was just one of the many companies that went bust when investors started to wake up from their dreamy fog and realize that, hey, businesses need to make money. What a concept! But I guess that's what investors do, they perpetually look for a way to make a lot of money by doing very little. How could they expected such a hair-brained idea as having everything delivered to your door in less than an hour and actually make money at it. Just because you can do it on the internet? Big deal, people could order stuff from the phone for a long time before that, and even order stuff through their TV. Just because you make that first step a little easier doesn't change the fact that you have an enormous infrastructure to support. Even I realized early on in the internet days that the only way internet companies could make money is if they delivered information only, not actual hard goods. That's what ebay does, that's what google does, yahoo etc. Other than that a website is nothing more than a sophisticated pamphlet. And I thought these guys were supposed to be smart? I guess greed can blind your judgement. There is a scene in the movie, just before Kozmo is supposed to IPO, where Joe Park is at a party (probably drunk) and yelling into a microphone about how great the company is. The look in his eyes is kind of scary, he just seems to be overcome with swimming in so much money. One thing he fails to see, and so did most of the other companies, that raising $250 million in VC funds is NOT the same as actually MAKING $250 million, which is much harder. Didn't they realize that these people were INVESTING in their company, not GIVING them free money? And I thought these guys worked at Goldman Sachs? Here's a hint guys, if somebody's idea seems crazy, it probably is.
alexkogon ...but after the drink, the Cosmopolitan, which was quite the hip drink those days. When I first met Joe he wined and dined me at some of the most over-priced bars in Manhattan (not the hip ones, they were down the street; I offered to show him, but his self-conviction that we were in the best place was amazing), and he drank many.I actually haven't seen this movie, but I was involved with Joe and Yong before it was a company with 10 employees in a decrepit warehouse, when it was just the two of them in an apartment in lower Manhattan, with me living upstairs. I was running a software development firm at the time and met Joe in the hallway and he asked me to come talk to them.I met with Joe and Yong and gave them some technical advice and they asked me if I would be interested in developing their software. I said sure, and we negotiated the terms, and they said great they wanted me to do it.I started putting a team together and getting the paperwork together and was in touch with them and they were constantly positive. Then a few days later they told me they wanted to compensate me all in equity, to show that I was committed to their concept. As I personally believed they would never make more than enough money to pay their delivery people (a view apparently shared by many more sophisticated analysts), I told them I was interested in cash only.They continued to lead me on that I would be doing the work, until I came down to finalize the paperwork and they told me they had hired someone else, after assuring me they wanted to work with me and not even telling me they were looking elsewhere! Now knowing what Joe Park's handshake and word were worth, I ventured off to fairer pastures and didn't think much of it again. I bumped into Yong later and he told me that the people they hired didn't know what they were doing (you get what you pay for!) and asked if I wanted to be involved again; I felt sorry for Yong but didn't want to get back involved.Of course I saw them again and was even their customer (though I quickly defected to Urban Fetch when they launched, on principle). It was great to come back from Europe with jet lag, call them up at 5 AM and order a movie and some cokes and have them show up. I was amazed at how successful they were at raising capital; whenever I met with Joe in the early days he couldn't get through a sentence without stammering with an "ummm...well..."; years later I saw him on TV, and it was the same story! People invested over $250MM with this guy? What are the rest of us doing wrong??? I look back on it all with affection for the funny days of the dot com madness (and this was early). It was only a couple weeks of my time and I didn't invest a penny, so I guess I got off easy. I did not know there was a movie made, I have to see it; nor did I know it made CNet's Top 10 dot-com flops list. The things you find when you are bored surfing the internet! I would like to know what Joe Park is up to these days, but that info is not so obvious...
rev4bart This was a decent movie, but like the other reviews mention the movie paints the founders in a great picture. There is no confrontation or emotion shown by the characters. Even as their make mistakes with PR, IPO is pushed back, layoffs start or they even get demotted they are smiling and joking around like nothing happened and they don't take any of it seriously. You do get the feeling that they were just along for the ride. This movie also shows very little of the mood inside the company and the focus is mainly on the "good times" rather than the downfall.I saw startup.com before seeing this movie and this movie disappoints compared to it. Startup.com shows a lot more the joys, pain of starting your own company. This just feels a little too polished and doesn't deliver in either entertainment or any business lessons you can take away.
daj224 Well, we knew trouble was headed the company's way when they couldn't get the utility bills paid. Or when the payroll procedure was out of whack. All this while thwarting the flurry of calls from top Wall Street investment banks and leading the investment community to believe that a tenuous relationship to the internet was all it took to catapult the company towards an astronomical market cap.In e-dreams, as with Startup.com (another fine documentary about the e-retail debacle), we are taken a roller coaster ride through one entrepreneurs dream and its contrapuntal relationship with the grim realities of corporate America. At one point in the film, the co-founder bemoans how control of the company was turned over to seasoned veterans. Welcome to the party, pal. Early 2000 saw 2 trillion dollars worth of company and investor money wiped out in about six trading sessions. Kozmo.com is caught in all of this, transforming from 10 employees in a decrepit, NYC warehouse to a 1,100 arsenal in ten major cities after collecting over 280 million dollars from VCs. In the end, sadly, Kozmo was out the door as quick as the Seinfield character that spawned its name, laying off all employees, jettisoning its founders, and liquidating--at one point, giving away--its assetts. Yes, even the orange fleeces had to go.Ultimately the story about CEO hubris, contingency plans M.I.A, and IPO fever, e-dreams reminds us how ludicrous the whole Internet bubble was to begin with. In the long run, profits rule the day, not good PR.D.J. NYC Aug 2004