Film Lens
E-Dreams is a documentary directed by Wonsuk Chin that chronicles the rise and fall of Kozmo.com, an online convenience store that utilized bike messengers for rapid delivery. The film focuses on the founders, Joseph Park and Yong Kang, who launched the company in 1998. Within a year, Kozmo.com expanded to 3,000 employees and operated in 11 cities, fueled by $280 million in capital and interest from major companies like Amazon.com and Starbucks.
However, the film also addresses the company's downfall, which was precipitated by the dot-com bust and a stock market correction that began in April 2000. Despite its rapid growth, Kozmo.com lacked a sustainable business plan and could not secure additional funding, leading to its closure by 2001. The documentary presents a detailed narrative of both the entrepreneurial success and the eventual failure of the company.
Why Watch
- •Meet founders Joseph Park and Yong Kang.
- •Follow Kozmo.com's rapid rise in 1999.
- •Find out why Kozmo.com failed by 2001.
Did You Know
•Kozmo.com raised $280 million in capital by early 1999.
•The company grew to 3,000 employees within just one year.
•Kozmo.com operated in an 11-city network by January 2000.
•The dot-com bust and stock market correction began in April 2000.
Perfect For
EntrepreneurshipDot-com eraBusiness failures