Question

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

Answer 1

1. Yes the answer is correct.

2.Yes this is not the reason for less expensive and other wise the remaining are the reason for cost cut.

3.The opted option is correct.

4.The opted option is the least likely reason that klaus allowed google to purchase JotSpot in 2006

5. Menlo Park is the closest city to silicon valley. it is located at the eastern edge of San Mateo county, and is 23 km or 14.3 miles from silicon valley.