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UK Financial Magazine Writes About .com Domain Names

Elliot Silver
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4

There was an article about .com domain names in the “UK’s best selling financial magazine,” MoneyWeek. The dotcom frenzy is far from over, written by Dominic Frisby, discusses how valuable exceptional .com domain names are right now and how expensive they can be to acquire. I think the author is on point, and some of the insights he shared are factors in my own domain name acquisition strategy.

Within the article, Evergreen COO Jen Sale is quoted extensively. I presume Mr. Frisby spent a fair amount of time discussing domain names with her, and it was a wise move to get her expert thoughts on the state of the .com domain name market. I understand that Evergreen has been involved in quite a few substantial domain name sales and acquisitions during the prior two years, and Jen has a good pulse of the state of the market.

I recommend that you read the article in its entirety, but I shared a few quotes from the article for your convenience:

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Payoneer Escrow Offering 50% Discount

Elliot Silver
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4

Payoneer Escrow has a special offer for new clients in conjunction with the Merge Show. I was told that the company is offering 50% off transactions for new customers. The offer is valid on transactions that are started at Payoneer Escrow from now until then end of 2017.

Although this offer is targeting people who have not used Payoneer Escrow before, current customers are able to use the discount if they do a deal with someone who is not a customer. By way of an example, if I (a Payoneer Escrow customer) sell a domain name to a company that has not used Payoneer Escrow before, the discount would be applied. In this case, the new user would start the transaction for the discount to be applied.

This is a nice acquisition

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Venture Launched As Domain Name Leasing Platform

Elliot Silver
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15

While evaluating a domain name that had a message of “Lease this Domain” on the top of its parked landing page, I noticed the link directed me to Venture.com. Venture is a recently launched business that offers “premium domain leasing with transparent and affordable pricing.” Venture was founded by Dr. Kevin Ham and it is operated by his company.

The company’s about us page explains the idea behind the domain name leasing concept that drives its business model:

“After decades of experience in the internet business, we figured out a way to address the supply and demand issue surrounding valuable domain properties. The idea came during a visit to California and introduction to the Irvine Ranch, a 93,000 acre plot of private, masterly planned urban land. The Irvine company’s commitment to good stewardship of their land inspired us to build a model that would connect unused digital properties to startups, entrepreneurs, and big ideas.

Thousands of premium domains lie vacant, waiting for a great idea to be built on them. Unfortunately, many of the entrepreneurs and startups with these ideas can’t afford the multi-million dollar asking prices. So, we decided to bring the commercial real estate model to digital real estate and made it even better.”

The Venture platform stands out for several reasons. The most obvious factor is the quality of the brand name. Venture.com is a (multi) million dollar domain name and it is a great brand name. There is a level of trust established with a great brand name, and the design of the website is also modern and crisp.

Similarly, because a portion of Kevin Ham’s domain name portfolio is listed for lease on Venture, the quality of the available domain names is stellar. For instance, here are some of the highlighted domain names for lease on the homepage: Rack.com, Mugs.com, Beat.com, OH.com, HO.com, CheapTravel.com, and ET.com. There are thousands of others that are great.

Perhaps the biggest differentiating factor is the monthly lease prices are listed right on the landing page. If someone clicks the lease inquiry button on the Uniregistry parked page and lands on Venture.com, they will know exactly how much the monthly lease rate is. It also looks pretty easy to get started (and terminate the lease) although I did not test this out.

It looks like the company is allowing third parties to list their domain names on Venture as well. Here’s the call to action on the Owners page of the Venture website: “Make your domains available to entrepreneurs who can bring their ideas to life on your digital properties while you receive a healthy stream of cash flow.”

I reached out to Kevin for a comment about Venture, and here’s what he told me:

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GoDaddy Acquires Name.com Domain Portfolio + Expiry Stream

Elliot Silver
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10

I detected a domain portfolio acquisition by GoDaddy’s NameFind, and the news was confirmed to me by the company yesterday afternoon. GoDaddy acquired an unknown number of domain names from the Name.com / Rightside domain name portfolio, which I believe was sold by Donuts. Up until earlier this year, Name.com was owned by Rightside, a company that was recently acquired by Donuts. GoDaddy also informed me that the Name.com expiry stream will now go to auction via GoDaddy Auctions.

Nick Fuller, who is Director of Public Relations at GoDaddy, sent me the following statement from VP and GM of the Aftermarket at GoDaddy, Paul Nicks:

“We can confirm that GoDaddy has acquired domain names from Name.com. These names will help anyone looking to make a statement online. The domain names are a mixture of .com domain names as well as new tlds and will be added to the NameFind portfolio. We have also worked out an agreement with Name.com to add their domain names to our expiry auctions.”

The company did not

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ICA Seeking Nominees for 2018 Lonnie Borck Memorial Award

Elliot Silver
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2

Last year, the Internet Commerce Association (ICA) honored the memory of Lonnie Borck by naming an industry award in his memory. The Lonnie Borck Memorial Award is given each year to recognize an individual or organization for extraordinary efforts in championing the rights of domain name owners. The inaugural recipient in 2017 was David Weslow of Wiley Rein.

This year, the ICA is opening up the nomination process to the entire domain name industry. Domain investors and others who are active in the business of domain investing are invited to submit a nomination.  The ICA Leadership team will create a committee to review the nominations and the committee will select 3 nominees. ICA members will be polled to select the winner of the award from the nominees.

If you know someone who you believe is deserving of the award, please submit a nomination. Submissions should

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Escrow.com Reduces Minimum Domain Escrow Fee

Elliot Silver
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3

The fee for an escrow service is generally a small percentage of a domain name sale. On lower value deals though, the escrow fee is a fixed minimum price. In the case of Escrow.com, the minimum fee has been $25. On particularly small deals, this minimum fee might be a substantial percentage of the deal.

Because of the minimum fee, domain name buyers and sellers have been forced to choose between doing a deal at Escrow.com and losing a large % of their deal or using a less secure method such as PayPal, Western Union, or check. With these less secure payment methods, the buyer could do a chargeback or bounce a check after receiving the domain name, and in the case of Western Union or similar service, the seller might not follow through with the deal after receiving funds.

Last night, Escrow.com General Manager Jackson Elsegood emailed me to let me know about a fee reduction at Escrow.com. The new minimum fee has been reduced from $25 to $10. This might not sound like a huge amount of money, but it will make

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