It’s a beautiful Summer Sunday morning, and I thought I would share some thoughts and updates with you before we head out with the kids. The PMC is a week away, and I sincerely appreciate all of the domain industry support. There is still time to make a donation to Dana-Farber Cancer Institute and help me achieve my fundraising goal. In the meantime, here are some domain industry thoughts and updates:
I agree with Shane that some domain investing money has been moved to cryptocurrency investments. I am not really involved in the crypto space, and I can’t imagine having to focus on the hyper volatile cryptocurrency trading market at all times. I spend enough time on my domain business, and I don’t think it would be fair to my family if I had to keep a constant monitor on something else. I am sure there are people that moved from the domain business to cryptocurrency making lots of money, and hopefully that continues for them.
According to a Domain Incite article, “ICANN will NOT set a date for the next round of new gTLD applications, despite recent pleas from registry operators.” Not surprising to me.
If I were to list domain names for sale at NameJet right now, I would do it with no reserve. I have been avoiding most reserve auctions (not just the recent issue), and I typically figure others do the same as what I am doing. I never had much luck with reserve auctions, so this is another reason for me to list names with no reserve price.
I listed some domain names for sale via Embrace.com.
The Donuts / Rightside deal was completed last week, and Rightside (NAME) is no longer a publicly traded company. In the wake of this news, it looks like Donuts launched a new website. It’s a pretty slick looking website.
NameSummit is coming up a week from tomorrow in New York City. I am hoping to make it on Tuesday, so let me know if you want to get together. I will only be there for the day though.
I sometimes want to say this to startup founders who inquire about a domain name but can’t afford my asking price: ‘your inability to get funding doesn’t mean my domain name is worth less.’ Sorry, but I am not going to lower the price of my domain name because a startup can’t afford it. They can either buy it when they have more funding or they can work out a mutually agreeable payment plan.
I don’t understand why people will pay GoDaddy or anyone else a fee (plus commission) to try and acquire a domain name, but then they offer something silly like $50 or $100. I know it isn’t in their interest to do this, but these buyer brokers should tell their client that the offer is absurd, especially if it involves an aged and/or valuable keyword .com domain name. A domain owner who jumps through a couple of hoops to see the offer will likely get irritated by some unreasonably low offer.