I read it at the time when domain name ownership conflicts were the hottest topic and we all thought that any business based on a dictionary-word dot com domain

I read it at the time when domain name ownership conflicts were the hottest topic and we all thought that any business based on a dictionary-word dot com domain would have an unbeatable competitive advantage (oh, how wrong we were!). The idea of early adopters sitting on coveted real estate close to the origin of The Street struck me as a perfect prediction of the domain name rush. In hindsight, we matched the "prediction" to the wrong part of the internet: coveted early adopter real estate is not found in the domain name system, it's in the allocation of IPv4 subnet blocks.