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NameJet General Manager Steve Brown Departs

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I recently heard from a few different industry sources that Steve Brown, General Manager of Demand Media’s auction platform, NameJet, was no longer with the company. Late this evening, the news of Brown’s departure was confirmed to some clients in an email.

Taking over Brown’s former GM position will be Matt Overman. Prior to this promotion, Overman served in the position of Director of Domain Sales at Demand Media. According to his LinkedIn page, Overman was previously Business Development Manager at HotKeys, which was acquired by Demand Media in 2006.

I sent emails to two company officials asking for comment, and I will post those when and if I hear back (Demand Media is currently in its quiet period after filing for an IPO).

eNom Names Won on NameJet Subject to 42 Day Auction Lock

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As a domain seller, the quicker I can move inventory, (usually) the better. When I win an auction at NameJet, I try to find an end user or domain investor buyer as quickly as possible. I’ve never encountered an issue with this until last week.

I recently bought a domain name at auction on Namejet. I was informed the domain name would be moved to my eNom account, and I quickly scouted out buyers. I reached a deal to sell the domain name a few days later, and upon trying to push the name to another account, I learned that there was an “auction lock” on the domain name.

I inquired about the lock, and at first, technical support wasn’t very helpful. I asked why I could transfer a name I bought on NameJet that was registered at Network Solutions a few weeks prior, and the person tried to explain that it had something to do with pre-release and pending delete status differences, although I learned that explanation was incorrect.

According to Laurie Krick from Enom/NameJet, all domain names that end up at eNom will have a 45 day correction: 42 day lock on them. Owners can change the DNS to use the domain names within this period of time, but they can’t be pushed to another account or transferred out of eNom.

This lock is something I did not know about, but I will take it into consideration when bidding on NameJet domain names going forward, as it adds 45 days correction: 42 days to when I can flip names.

Update: it is 42 days, not 45 days

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