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Location and Date Set for ICA Meetup in September

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The Internet Commerce Association (ICA) announced a members-only meet up to be held in Las Vegas this September. The date and location for this event has been finalized by the ICA. The event will be held at the Green Valley Ranch resort September 19 – 21, 2021. According to Google Maps, Green Valley Ranch appears to be a short drive from McCarran Airport in Las Vegas.

While the event is only open to ICA members, it is simple to sign up and become a member of this domain investing trade organization. New members are permitted to attend as well, presumably if they sign up for a membership in advance.

Kamila Sekiewicz, Executive Director of the ICA, shared the following information about the event this morning:

Lettuce.com Acquired by Lettuce Entertain You

The Lettuce.com domain name has changed hands in a deal brokered by Andrew Miller. Lettuce.com was acquired by a restaurant group called Lettuce Entertain You Enterprises, which has been using the LEYE.com acronym domain name for its corporate website. Andrew Rosener was the seller of Lettuce.com.

Andrew Rosener wouldn’t comment about the sale price of Lettuce.com. He connected me to Andrew Miller, who shared the following with me:

Tough to Find a Generic Brand Without Matching .com

Imagine you run a startup company with a generic sounding name. Because you’re a startup with little funding, you’ve decided to save money and use a low value domain name. Perhaps you’ve hand registered a new gTLD domain name or you grabbed something like GetBrand.com or ItsBrand.com instead of Brand.com. You share some news and a major publication writes about your company but doesn’t include a link to your website. Good luck being found.

That’s sort of what happened to a company called WellSaid, which was written about today in TechCrunch. Technically, the company is called WellSaid Labs, but the title of the article mentions WellSaid, and the company is known as WellSaid. In fact, if you look at the company’s website, it refers to itself as WellSaid rather than WellSaid Labs. In the TechCrunch article, there was not a single link to the company’s website. This is not unusual. Many industry and mainstream publications write about a company without a link to its website.

GoDaddy Customers Would Benefit from Better Search Functionality

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GoDaddy announced some news today that will be helpful to non-domain investor customers. GoDaddy announced a new tool that “makes it easy to sell unused domain names.” Instead of having to list domain names for sale via Afternic or on another platform, GoDaddy customers can more easily list their domain names for sale directly within their account. This should help people sell their domain names.

While this tool is almost certainly aimed at GoDaddy customers who are not domain investors, it could also be very helpful to domain investors looking to purchase inventory. The trouble, for me at least, is GoDaddy’s search functionality is not very good. I can not easily run a search of domain names for sale via GoDaddy that meet certain parameters. For instance, I would immediately run a search for one word .com domain names, and if I wanted to be a bit fancy, I might only include domain names created before 1999.

Alan Dunn Shifting Energy from Domains to NFTs

Alan Dunn is a long-time domain investor and domain broker, and I trust his insights when it comes to the business of domain names. Take a look at Alan’s Twitter feed, and you will see he has become active in the NFT space. I have learned more about NFT projects from reading Alan’s Twitter feed than anywhere else.

Over the holiday weekend, Alan posted a Twitter thread explaining why his focus has shifted from domain names to NFTs for personal investments. Quite a few other domain investors I know have shifted some level of focus to NFTs, so I think seeing this perspective helps me understand what’s up:

$18 Purchase to $4,999 Sale to $150 Million Startup

Late last Summer, I placed a $18 Discount Club backorder on a domain name at DropCatch.com. Once it became eligible to transfer, I spent under $10 to transfer it to my account at GoDaddy. I listed it for sale on Afternic for $4,999, and it sold within the last several weeks at the BIN price without any negotiation. After the 20% commission and acquisition + transfer costs, the total profit is somewhere north of $3,950.

Since the domain name sold, I have been periodically checking the domain name to see who bought it and why. Recently, I noticed a new website on the domain name, and it turns out a stealth startup with around $150 million in funding was the company that acquired the domain name. It’s the perfect brand match .com domain name for their business, and it suits them well.