Need help making sure these answers are the correct answers. The first picture contains the information to answer the 5 questions below.
Joe Kraus's first tech company crashed, like many other dot-coms in the 1990s. JotSpot was the first company to offer an application wiki and attracted thousands of corporate customers. Google purchased JotSpot in 2006, and the site reappeared briefly as Google Sites in 2008. Review the three segments of the case and write your responses as instructed. The entrepreneurial movement is accelerating with many new, smaller businesses emerging. Technology once available only to the largest firms can now be acquired by a small business. New and inexpensive technologies enable small businesses to be more competitive with today's giant corporations. Small businesses can also form alliances with other companies to produce and sell products in domestic and global markets. Read the case below and answer the questions which follow. Part I: According to JotSpot co-founder Joe Kraus, the Silicon Valley, home to the technological boom in the mid-1990s, Is sizzling with new ideas and technological growth. If anyone should know, it's Kraus. He and Graham Spencer founded excite.com back in the 90s only to crash and burn. They've teamed up again to found JotSpot and discovered it much asier this time around. JotSpot is a hosted wiki service, a wiki being a server software allowing groups to post and edit web pages using their browsers. JotSpot's goal is to expand the use of wikis to accommodate do-it-yourself application building. This way, those who are less technologically savvy can still create online spaces on which they can read, edit, and design with assistance. Part Il: It is easier to start a high-tech company today than during the previous tech boom. First, hardware units with Intel chips inside cost about $1000 a plece. Second, for Excite. Kraus and Spencer invested $ 250,000 simply to license the software they needed. Today thanks to open sourcing, this costs nothing. Third, companies today outsource programming to countries such as Germany. India, and Russia -costing them a small portion of what U.S. programmers would cost. La the pay-per-click advertising on today's search engines has greatly reduced the cost of marketing. In the 1990s, it cost Kraus and Spencer $3 million to launch Excite.com, it cost them just $ 100,000 to launch JotSpot in 2005 Part IlI: The cost of starting a tech company may be lower today, but one thing that never changes is the work involved. People like Kraus spend incredibly long hours working and success is never guaranteed. So why does Krauss do it? For him startups are somewhat addictive. Incredible relationships are built working together on such intense projects and achievements come with a high sense of accomplishment. In today's Silicon Valley. Kraus believes there are a lot of people like him working on exciting new projects just about to emerge How does JotBot Increase productivity building? Multiple Choice It allows people who are less technologically savvy to create on-line spaces in which they can read, edit, and design with assistance It allows for point-and-click marketing for consumers It is an open-source platform for many programs that once had to be licensed to use 0 It decreases the cost of hardware needed to start a tech firm It is a medium for outsourcing programming Which of the followirig is NOT a reason that it is less expensive to start a company like JotBot than it was in previous decades? Multiple Choice It is relatively easy to compete against big name technology companies, like Google and Apple Marketing costs are decreasing as a result of point-and-click advertising Programming can be outsourced to computer engineers in other countries, making it affordable for someone with an idea but little tech experience to start a business. The hardware needed to launch a website is relatively inexpensive Software that once had to be licensed is available through open-source platforms Which of the following is most likely a reason that Krause describes entrepreneurship as something he enjoys? Multiple Choice Kraus likes the freedom to choose with whom he works Kraus finds the work to be stress-free Kraus finds entrepreneurship to be a way to experience undercapitalization. Kraus likes predictability and to be micromanaged by others Kraus likes to work for a boss Which of the following is the LEAST likely reason that Klaus allowed Google to purchase JotSpot in 2006? Multiple Choice Kraus no longer wanted to work for himself and wanted the structure that would be initiatived by Google JotBlot needed a platform owned by Google in order to continue to operate. JotBlot wanted Google's marketing capability in order to continue to grow JotBlot hoped that the purchase would increase the market using JotBlot JotBlot needed additional capital in order to continue to grow Kraus refers to Silicon Valley. Which of the following cities is located closest to Sillcon Valley? Multiple Choice Menlo Park, CA Arlington, VA Miami, FL Littleton, CO Gahanna, OH
