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Rick's Last Blog Post

Rick posted that yesterday’s blog post will be his last. While Rick offers some poignant thoughts, I think one of the comments on his blog post sums things up best:

I hope you all realize what is going on here. The message should be loud and clear. Rick has been warning everybody all year to help him mount a defense against what is coming. Very few are paying attention, and very few are helping him build the fort to protect against the coming invaders. So, rather than waste is time blogging to people who don’t listen, he is leaving us to fend for ourselves and he will use his new found time to mount his own defense (probably by developing some of his domains and selling others). We have lost our visionary and a big industry voice.
WAKE UP PEOPLE! Rick stops blogging, Frank stops blogging, Yahoo kills arbitrage, Ask/Google, Snowe Bill.
The writing is on the wall.
Fast forward to 2010 and do a “Where are They Now” on the domainers of yesteryear. Some will have cashed out and be wealthy and happily retired. Some will have developed domains into businesses worth millions or maybe even billions. Most, however, will be EMPLOYEES working for a BOSS, wasting their hours thinking about the good old days and wondering what went wrong.” – Posted by: Robert Pearl

Everyone really needs to think about what is going on here. Our industry is changing. We had a much better chance a year ago when Rick first started discussing the problems that were on the horizon. They are no longer on the horizon – they are here. I hope it isn’t too late.

CNN Buys iReport.com for $750,000

Following up on a post from a few days ago, it was revealed that Rick Schwartz sold the name iReport.com to CNN for $750,000.   Also included in this price is the hyphenated version, i-Report.com. These great domain names will be used by CNN to supplement their i-Report program.
Founded in August of 2006, i-Report encourages viewers from around the country to send their own videos and photos of breaking news stories in their cities and neighborhoods. This user generated media feature has become popular, and it frequently allows CNN to break news stories before other networks are on the ground.

Rick Schwartz Sells $750k Domain Name

On his blog today, Rick Schwartz announced that he recently completed a $750,000 domain deal. The deal will be announced on DNJournal’s Weekly Sales Report in the next week or two. This is great, as most large non-auction sales do not get reported. I believe the more public sales we see reported, the better for the domain industry, as outsiders frequently use completed sales as a means to evaluate the health of the industry.
I am currently in Lowell, Massachusetts taking pictures and doing research for my Lowell.com website. I had a great day exploring the city, and I hope to write more about it on Monday.   Enjoy the rest of your weekend.

Breaking News: Oversee Acquires Moniker

According to this just distributed press release, Oversee.net has acquired domain registrar Moniker. I assume this is the news to which Rick Schwartz was referring this morning. More information about this can be found on Moniker’s homepage.
It will be interesting to see what will happen with the two major domain conferences (DomainFest and TRAFFIC) and their live auctions. Domain Sponsor (an Oversee.net company) is a founding partner of DomainFest, which features the SnapNames Live Auction from January 22-23, and TRAFFIC features the Moniker Live Auction on February 20 in Las Vegas.
I am sure we will soon learn more about how this news will impact the industry.

BIG News in the Domain Business

Unfortunately, I am not privy to what the news is, but if you didn’t already see, Rick Schwartz has announced that there is going to be some BIG news later today:

2008 is about to start with a BANG. A very BIG bang. What will it all mean? Stay tuned. This is a biggie! We are going to start the year off right.

Stay tuned…

Flowers.mobi: The Real Story

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rick-schwartz.jpgRick Schwartz’s blog post, “The REAL story behind the flowers.mobi purchase” gives us the story behind his purchase of Flowers.mobi in order to dispel several myths about the sale.    

Rick made a calculated $200k gamble on the domain name, and if things work out, he will be handsomely rewarded.    I guess its no more or less than me playing blackjack for a much smaller stake.    

There are two cliches in action:
1) It takes money to make money.
2) The bigger the risk, the bigger the reward.

Sometimes you have to overpay today to get a good deal tomorrow.