The Telegraph Writes About Daniel Negari

Daniel Negari is the entrepreneur behind the .XYZ and .College domain registries. This morning, I learned that he also owns additional new gTLD registries.

The Telegraph published an article about the new gTLD domain extensions, and Daniel Negari’s business was written about fairly extensively. I found two pieces of information particularly interesting. From the article:

“Not all of the bidders are technology giants with deep pockets. Entrepreneur Daniel Negari launched a start-up in the US based around his purchase of dot-xyz and dot-college. The former has already made him $6.4m.

He has “several” others that he’s bought from the original winners on the open market that are yet to be announced.”

There has been quite a bit of speculation about Daniel Negari’s business. I don’t recall hearing any financial information, so that $6.4 million number is quite interesting. I don’t know if that is profit, gross income, or some other figure, but it is probably safe to say that he is building a strong, revenue generating business.

In addition to the financial information that was revealed in this morning’s article, I think the second part of the excerpt from the article is even more telling. I am going to reach out to Negari to see if he will share details about the other extensions he acquired, but the fact that he is still in acquisition mode shows his confidence in the business.

When it comes to publicly traded companies, private investors are able to glean insight by seeing what insiders are doing with their stock. When an insider sells large blocks of shares, it may be a sign that something is wrong with the company. When an insider is buying up large swaths of company stock, it likely shows their confidence in the company. The revelation that Negari bought other new gTLD extensions from “original winners on the open market” seems to show his confidence in the growth of the new domain name extensions.

Elliot Silver
Elliot Silver
About The Author: Elliot Silver is an Internet entrepreneur and publisher of DomainInvesting.com. Elliot is also the founder and President of Top Notch Domains, LLC, a company that has closed eight figures in deals. Please read the DomainInvesting.com Terms of Use page for additional information about the publisher, website comment policy, disclosures, and conflicts of interest. Reach out to Elliot: Twitter | Facebook | LinkedIn

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Recent Posts

Domain Broker’s Ad Campaign Highlighted by X Business with a Repost from Elon Musk

0
When looking at domain investor Twitter, I've noticed a few promoted/advertising tweets mentioning Rob Schutz and/or Snagged.com. I recently wrote about Rob and his...

NameJet Announces Platform Enhancements

3
Last Summer, NameJet made some "big changes" to its platform. In essence, NameJet appears to have become a clone of Snapnames, its sister auction...

Rationale Behind CoFounders.com Acquisition

1
It's not often that we hear from the founders of a company to discuss why they spent what they did to acquire a specific...

.Bet Domain Name Acquired for 5 Figures, Reportedly Resold for $600k

9
According to a tweet from Identity Digital (formerly Donuts), the Bet.bet domain name reportedly sold for $600,000. I have not verified or researched the...

Finalize a Deal by Connecting on LinkedIn

2
When I agree to a negotiated deal on a platform like Dan or Sedo, I have always held the expectation that the payment will...