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> Basically, I realized that I would never have the time to use the domain in a productive manner. Read: Tesla finally offered enough money. He just can't say

> Basically, I realized that I would never have the time to use the domain in a productive manner. Read: Tesla finally offered enough money. He just can't say as much because it would have made it easier for Tesla to argue he's squatting. That quote from Jason Calacanis is horribly butchered, too.

gist 11y ago
> He just can't say as much because it would have made it easier for Tesla to argue he's squatting Has nothing to do with it. There is allegedly an NDA is the reason. Once the sale is done you can say whatever you want there is no action the buyer can take. Price if high enough might end up in some other document though.
- underwater 11y ago
  That makes more sense.
maxerickson 11y ago
Can you explain what is butchered about the quote?
- underwater 11y ago
  > If the person with Tesla.com decides they want to buy a nice condo or house, sure, it’s a great idea to spend $500k or $1m buying that name. It sounds like the subject is the owner of Tesla.com: > If [Bob] decides they want to buy a nice condo or house, sure, it’s a great idea [for Bob] to spend $500k or $1m buying that name. If you click through to the full quote you can see clearly that the subject is the purchaser of the domain.
  - maxerickson 11y ago
    Isn't the problem in Calacanis' phrasing? They didn't butcher the quote, they failed to clarify the intended meaning.
    - underwater 11y ago
      In the original context the quote was fine. > NP: Do you advise startups on domain name acquisitions? If so, can you share some of your common recommendations? > Jason: I do this often, and the conversation is usually “fake it until you make it.” So, there is no problem being TeslaMotors.com forever. Obviously the car and people who make the car are the most important aspect of the success of that company. > However, if the person with Tesla.com decides they want to buy a nice condo or house, sure, it’s a great idea to spend $500k or $1m buying that name. If the person with Tesla.com waits too long, they miss the opportunity to take 10% of the purchase price in stock (or some kicker like that). They also risk pissing off the management team at a startup, who will eventually realize, “well, our cars are the best in the world and this domain name is not essential.”

gist 11y ago

> He just can't say as much because it would have made it easier for Tesla to argue he's squatting Has nothing to do with it. There is allegedly an NDA is the reason. Once the sale is done you can say whatever you want there is no action the buyer can take. Price if high enough might end up in some other document though.

underwater 11y ago
That makes more sense.

maxerickson 11y ago

Can you explain what is butchered about the quote?

underwater 11y ago
> If the person with Tesla.com decides they want to buy a nice condo or house, sure, it’s a great idea to spend $500k or $1m buying that name. It sounds like the subject is the owner of Tesla.com: > If [Bob] decides they want to buy a nice condo or house, sure, it’s a great idea [for Bob] to spend $500k or $1m buying that name. If you click through to the full quote you can see clearly that the subject is the purchaser of the domain.
- maxerickson 11y ago
  Isn't the problem in Calacanis' phrasing? They didn't butcher the quote, they failed to clarify the intended meaning.
  - underwater 11y ago
    In the original context the quote was fine. > NP: Do you advise startups on domain name acquisitions? If so, can you share some of your common recommendations? > Jason: I do this often, and the conversation is usually “fake it until you make it.” So, there is no problem being TeslaMotors.com forever. Obviously the car and people who make the car are the most important aspect of the success of that company. > However, if the person with Tesla.com decides they want to buy a nice condo or house, sure, it’s a great idea to spend $500k or $1m buying that name. If the person with Tesla.com waits too long, they miss the opportunity to take 10% of the purchase price in stock (or some kicker like that). They also risk pissing off the management team at a startup, who will eventually realize, “well, our cars are the best in the world and this domain name is not essential.”