Tuesday, October 01, 2013
I don't understand what Mr. Schilling is doing (or why), but I also blogged here that of all those doing it, he's the only person I know well-enough to know given his name choices and the years of hands-on experience and data collections that drives them, he has a better chance of succeeding than most.
After all of these years making "scarcity" the key USP (Unique Selling / value Proposition_ of his INCREDIBLE portfolio, I don't know why he thinks he doesn't have enough domains to fulfill his legacy with a half million domain names in inventory to sell that cost him money every day he doesn't. I don't know why he chose this investment over anything and everything non-dotCOM he could bankroll.
But it's also none of my business. Nor any of yours.
And that's because no longer just "crazy" Owen but major publications such as Forbes and NBC are all in agreement that in the year 2030, it's not domain scarcity we'll be needing to worry about, but scarcity of resources such as food, electricity and water.
We are already starting to feel the pressure from changes in climate and more aggressive storms that prove its Mother Nature, not ICANN who gets to bat last.
The Forbes piece below predicts Tech Bubble 2.0 which would actually throw caution to the wind of a domainer's vision of the Internet as the world's ultimate and only marketplace.: The rise of social media moguls such as Facebook’s Mark Zuckerberg has sparked a gold rush as techies scramble to launch and attempt to cash in on thousands of Web 2.0 start ups in recent years – a large portion of which are unprofitable. As tales of tech riches abound, start up culture has captured the public’s fascination in a time of few economic opportunities. Publicly-traded social media companies are trading at jaw-dropping valuations, such as LinkedIn LNKD -0.27%’s 947 P/E ratio, and Facebook’s 230 P/E ratio, while many public social media companies are losing money, such as Yelp YELP -2.75%, Pandora and Zynga.
Here's your weekend reading on point. My advice to domineers thinking an investment in a new gTLD is going to make you rich and famous before every possibility to buy a good dotCOM is exhausted, listen to the Eagles song again and take it in, take it in, Kids!
Then again the Mayans never came last year, so maybe even 2030 i still too early to break out those survival kits!