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The idea is that if I'm a startup that owns google-disruptor.com, I have to declare a value for that domain name (let's say $100,000), and pay a percentage of t
by prickledpear 8y ago
The idea is that if I'm a startup that owns google-disruptor.com, I have to declare a value for that domain name (let's say $100,000), and pay a percentage of that value as a tax. I'm then obligated to sell the domain to anyone who is willing to pay $100,000. This prevents me from undervaluing the domain.
Since Google has a much larger bankroll than me, they can purchase the domain for $100,000, and revalue the domain at $500,000 -- out of my price range.
- GilbertErik 8y agoSince Google has a much larger bankroll than you, if they decided that they wanted prickledpear.com, wouldn't you have to sell it to them, or any other party with deep enough pockets?
- prickledpear 8y agoYes, that is the problem I mentioned in the original comment that I'm not sure how to solve :)
- lolsal 8y agoSo as a competitor to Google with $1000 in my pocket, Google could domain-snipe me out of existence, legally, for $1001 dollars?