Thursday, May 10, 2012

E-Dreams (2001)

Wonsuk Chin


In 1998, Joseph Park had an idea: What if someone created an Internet-based delivery service in which, after you'd typed a few commands into a web page, you could have videos, snacks, books, or other small items delivered to your door in less than an hour? By January of 1999, Park and his friend and business partner, Yong Kang, had turned their idea into a business proposal for, and by the end of that year, the company had managed to secure 150 million dollars in financing, with seemingly everyone on board poised to become fabulously wealthy. In April of 2000, the NASDAQ market crash tolled the end of the e-commerce boom, and it soon became evident to's investors that the company was losing money like water through a sieve; within months, Park's dream was in ruins. E-Dreams is a documentary that examines the rise and fall of, and by extension the failings and foibles of the Internet commerce explosion of the late '90s.


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