3 ms·

If .web launched in 2000, it might have had a chance, but I can't see how it could be worth $135 million in 2016. I guess I can't imagine the scale of the inter

If .web launched in 2000, it might have had a chance, but I can't see how it could be worth $135 million in 2016. I guess I can't imagine the scale of the internet.

nikanj 3y ago
Mostly it’s hard to imagine how little money a million dollars is nowadays. $135 million is a small side bet or a few NFTs
- rmbyrro 3y ago
  Yeah, I just offered a million to a homeless guy and he refused. Told me it's too little money, suggested to save for a side bet... It's the new normal.
- davidandgoliath 3y ago
  I'll take 3.
aww_dang 3y ago
They start dirt cheap and invite in the domain name squatters. After the first year they start increasing the renewal rate quarterly.
- cobertos 3y ago
  If you start that cheap, you'll get xyz's problem with domain reputation though
  - rmbyrro 3y ago
    What is xyz domain reputation?
    - detaro 3y ago
      spam spam spam spam
    - cobertos 3y ago
      The .xyz TLD was very cheap initially (looks like it's is $10 to renew now) which meant it was easy to buy a lot of them and use them for nefarious purposes. It caused issues for legitimate owners of the TLD who tried to send email with it or other things.
vidarh 3y ago
I don't recall what our application fee was for .name back in 2000, but it was somewhere well below a million (I want to say $50k or something, but it might have been more), so yeah, a lot easier to make a go of it for operators back then (We also had to provide funding guarantees from our investors for a few million, but those were funds that would flow into our company, so very different) Of course ".name" also eventually ended up with Verisign after sales fell short of expectations (I still wish we'd held onto the vanity e-mail service we started out with instead - I wanted to hold on until we'd started charging to see what the conversion rates would be; the company we sold it to ended up achieving conversion rates that made it far more profitable than .name; oh well)
bombcar 3y ago
Let's say they want a ten year payback, and profit $20 a year on a .web domain, they need to sell about 625,000 domain names.

If .web launched in 2000, it might have had a chance, but I can't see how it could be worth $135 million in 2016. I guess I can't imagine the scale of the internet.

nikanj 3y ago

Mostly it’s hard to imagine how little money a million dollars is nowadays. $135 million is a small side bet or a few NFTs

rmbyrro 3y ago
Yeah, I just offered a million to a homeless guy and he refused. Told me it's too little money, suggested to save for a side bet... It's the new normal.
davidandgoliath 3y ago
I'll take 3.

aww_dang 3y ago

They start dirt cheap and invite in the domain name squatters. After the first year they start increasing the renewal rate quarterly.

cobertos 3y ago
If you start that cheap, you'll get xyz's problem with domain reputation though
- rmbyrro 3y ago
  What is xyz domain reputation?
  - detaro 3y ago
    spam spam spam spam
  - cobertos 3y ago
    The .xyz TLD was very cheap initially (looks like it's is $10 to renew now) which meant it was easy to buy a lot of them and use them for nefarious purposes. It caused issues for legitimate owners of the TLD who tried to send email with it or other things.

vidarh 3y ago

I don't recall what our application fee was for .name back in 2000, but it was somewhere well below a million (I want to say $50k or something, but it might have been more), so yeah, a lot easier to make a go of it for operators back then (We also had to provide funding guarantees from our investors for a few million, but those were funds that would flow into our company, so very different) Of course ".name" also eventually ended up with Verisign after sales fell short of expectations (I still wish we'd held onto the vanity e-mail service we started out with instead - I wanted to hold on until we'd started charging to see what the conversion rates would be; the company we sold it to ended up achieving conversion rates that made it far more profitable than .name; oh well)

bombcar 3y ago

Let's say they want a ten year payback, and profit $20 a year on a .web domain, they need to sell about 625,000 domain names.