152 ENTREPRENEURSHIP
SOURCE: Adapted from Ronald Grover, “Three Minute
Moguls,” Business Week, January 30, 2006: 91, and
Robert Strauss, “Keep on Parody-ing: Gregg Spiridellis,”
Wharton Alumni Magazine, Spring 2005. Retrieved from
the Web June 18, 2006.
http://www.wharton.upenn.edu/alum_mag/issues/spring20
05/wharton_now_10.html, and http://www.jibjab.com, http://www.ice-
box.com, and http://www.mondomedia.com.
Case Questions
- What business model describes the way JibJab currently does business? If a network
selected JibJab’s pilot for an animated TV series, how might that model change? - What major and minor wedges are in play here?
- Would you classify the Internet film industry as an emerging industry or a fragmented
industry? Why? - What kinds of uncertainties do these businesses face? What can they do to reduce those
uncertainties? - What kind of rent-seeking strategies do you think these businesses can pursue?
- Many of these Internet film sites appear to be on the brink of generating significant rev-
enue. What advice would you offer them at this time?