Rob Grant is one of the “original” domain name investors, having built a great portfolio many years ago. He has also sold a number of high profile domain names, including TorontoRealEstate.com ($140k), and JacksonHoleRealEstate.com ($80k) among others. These days, Rob is probably more well known outside of the domain name business for being the father of Lana del Rey, but that is another story!
Without much of a doubt, Rob is a fan of .com domain names. Today on LinkedIn, Rob posted a poem (I think) called Dot Titanic. As you might imagine, the poem is about new gTLD domain names, and Rob has a pretty dim view of them and their prospects:
“New Gtlds are going down as fast as the Titanic – and taking most of their shocked passengers with them.
The hidden iceberg (and what nobody saw below the surface) happened to be a fatal loophole governing unregulated price increases for all new Gtlds.”
Rob has gone on the record to discuss the new extensions before. Here’s a quote of his from a DNJournal article dating back to 2014:
“I’ve seen a significant increase in the number of qualified and substantial offers coming in from brokers for the premium ‘.com’ real estate domains – this, paradoxically, as many of the new competing “real estate” extensions are just now being launched, most notably .realtor, and to a lesser extent .house, .home, .realty, .mls, .estate, etc. Over 23 new ‘real estate’ related gTLDs are scheduled to launch (or have launched already). As this growing clutter of new gTLDs overwhelms the public and the real estate industry, there appears to be a growing identity crisis among agents and brokers… and especially consumers.”
Rob’s portfolio of .com domain names is quite expansive. In addition to owning top RealEstate.com domain names in markets across the world (HawaiiRealEstate.com and NewYorkRealEstate.com to name two), Rob also owns domain names like Adirondacks.com, Marathons.com, and TropicalFish.com.
It’s always interesting to get the perspective of people who have been in the domain business for a long time.