3 ms·
From the “Why I Voted to Sell .ORG” article > This transaction will put that bigger mission on a solid footing — so that the Internet Society can provide much
by Dwolb 7y ago
From the “Why I Voted to Sell .ORG” article
> This transaction will put that bigger mission on a solid footing — so that the Internet Society can provide much more substantive help to nonprofits than merely leasing domain names, and with more continuity over time.
I’m really disappointed in this perspective - the mission is now growing outside of its current operations (ie conquesting) AND will now have a slug of cash which they’ve never properly managed before.
The Internet needs them to be conservative stewards but they want to grow outside of that.
Further more the article goes through “protections” that are in place for Ethos to keep prices reasonable. The issue is these protections aren’t all contractually obligated and even those written are weak.
Of course private equity is going to get a return on capital on $1B invested. Their incentive is to push the boundary as far as it can possibly go to find the profit maximizing point.
Would love to hear more arguments for and against.
- travisporter 7y agoI read this as “everything has a price.” Disappointing.