30A - Final Reflection

 Throughout this semester we have done a plethora of assignments that have put out minds to use and expanded the way we think to how entrepreneurs think. To this day the most difficult assignment for me was the bucket list of things we disliked. When something bothers us we think about it for a few moments and then move on with our day. It was hard coming up with 20 things that I disliked. I feel like I have developed an entrepreneurship mindset as I think about a lot of terms that we have talked about in class in the real world. I would tell a fellow student who is about to take this course is plan ahead, a lot of assignments require thought and some even require interviews and you have to plan accordingly, or else your assignments will not be done with quality. 

29A - Venture Concept No. 2

Opportunity and Innovation

Ever since the spawn of internet streaming platforms, there has been a need for a dedicated company to step up to the plate and review movies and shows for the audience. Companies like Rotton Tomatoes and IMDb have stepped up but in my opinion, they have not done the best job. There is definitely room in the market and industry for a company to capitalize on a personalized movie recommendation website or app.

Ventrue Concept 

With Flicks, people will be able to sign up and become their own reviewers for movies and shows they have seen in the past and then our adaptive algorithm will then give them suggestions for shows and movies that they will actually like. 

Feedback

I got overall great feedback from my fellow classmates only making me more confident that this idea is in fact a problem that many of us face when using platforms like Netflix and Hulu. 

28A - Your Exit Strategy

For my exit strategy, I have determined that I will stay with the venture until I retire, but with a twist. I am certain that this venture will not be my only venture so I will have people responsible for the day to day operations of the company but executive decisions and company goals would be something overseen by me. I would want to split my time between my ventures similar to Elon Musk does with Tesla, SpaceX, The Boring Company, etc. I chose this strategy because I think that this venture will be profitable for a long time and eventually could become a household name that is associated with Netflix and Hulu. 

Reading Reflection No. 3

For my last reading reflection for this course, I chose to read Steve Jobs, Walter Isaacson. A bittersweet moment knowing that this class is about to come to an end. The overall theme of the book is that the way Steve Jobs was seen in the media was, in fact, the real Steve Jobs. He was a man who had a vision of what his products would look like and how they would be the best in the industry. Something that caught me by surprise that I did not know was that he was a college dropout, for some reason I had always thought he graduated from MIT or such. If Steve Jobs were alive today the only question I would have for him is why the simple fashion sense.

26A - Celebrating Failure

Earlier this semester I made it a goal to learn how to code and try to build a simple app from scratch. When I first started I found it to be harder than I had previously anticipated. I would get a couple lines of code in and then run the application to see how my progress was going so far and each time I would run it there would be some kind of error in my code. I quickly started to get discouraged and frustrated, asking myself if this was something I could do. Fortunately, the little voice in my head always told me to keep trying so that I could reach my end goal. I eventually did it and wrote the code to run a basic application.  The satisfaction that I got from writing that code from scratch was a great feeling. In the moment I believe failure is something that we all think we are never going to overcome, but only after we are long over with our obstacles can we really look back and reflect on how it helped us grow as a person. The obstacles we faced yesterday helped me be who I am today. 

25A - What's Next?

Existing Market

1. My company will continue to provide recommendations that are in line with not only what Netflix and Hulu are streaming but also what other platforms are streaming. We are also going to add a feature that recommends movies in general that are available to purchase through Itunes and Amazon. 

2. After the interviews I was informed that the next thing for the company would be to expand to other industries than just movies, perhaps recommending music, books, and other things that are not personalized to individuals based on their taste.

3. What makes the most sense for the company is to stay on track for what it came to business for. Perfect the movie industry and then if we think we can do a good job recommending other things such as music and books then we will do it but above all, we want great customer satisfaction.

New Market

1. Another radically different market would in fact be the music industry. 

2. I think that if done correctly we could provide just as good recommendations if not better than apple music and Spotify because we would not be in the market of acquiring licensing but rather just recommending what people might like to listen to 

3. They think that the idea is very optimistic and could have potential if I somehow got a big artist to back up the name of the company 

4. How similar and dissimilar both industries are. 

24A - Venture Concept No. 1

Opportunity - The opportunity that this idea stemmed from came to the realization that I was not the only one who would go on Netflix and Hulu and spend more time looking for a show/movie than actually watching one. This problem only became more apparent when quarantine was in full effect and forced us all to stay home, with very little to do Netflix and Hulu were our saving graces but the problem of finding shows/movies was still very apparent. Often time it became only harder when you were with someone else because you could never find a show/movie that both of you agreed on.

Innovation - The idea consist of an app that works similar to Tinder, you make a profile and then start "rating" movies and shows that have you seen in the past, once you give the algorithm enough information it will then generate a list of recommendations. This list will only keep expanding as you give it more and more information. The companies name would be Flicks.

Venture Concept - As of today the only ways you could get recommendations are from Netflix themselves but 9/10 times the recommendations suck. Another solution is searching up lists of good movies or shows but the problem with this is that the list is not tailored to your taste but someone else's, also the content of Netflix and Hulu changes quite frequently.