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.