Rick didn't realize instant success. He was rewarded for time, patience and the loneliness of long distance thinking. These resent sales the result of a 20-year plan, valuations vesting and increasing over time. Really the same model you can apply to any commodity be it a 20-years of the S&P, a Monet or classic car. Yet as Rick would be first to tell you, there is not comparison because Domains are the "fastest growing commodity known to man."
I was inspired by Rick Schwartz’s time capsule post that showcases the power, yet loneliness of long distance thinking. The post is among his generous wisdom on his now-paused blog, as well as the very impressive website he penned in the mid nineties, that remain online for all top see how many predictions came true.
Being the "explorer" that I am, I went back to my PAPER archives to find my own time capsule; the 1999 blog post from which I discovered Google (before they were called blogs, mind you).
It fundamentally changed how I perceived the Internet and PPC. In hindsight, TIME has proved I was led in the right direction.
It was called "Give Me Your Billions: Internet Stock Valuation and Future User Characteristics" from another role model visionary like Rick that I've always since evangelized as "the best web advice on the web".
- "Unique visitors" and "reach" are meaningless measures: only loyal users count."
- "The fact that a Stanford student can build a better service than the Web's leading designed and visited site should be a warning to people who think the Web is all locked up."
- "The Web is still young with only150 million users, compared to about a billion users (in 5-10 years, depending on what predictions you believe) it follows that 850 million of the users are not online yet.
- “There is no reason to believe that these many new users will necessarily use the same sites as current users. In fact, since they will be late adopters they may well have different tastes than the current early adopters. Thus, current market share predicts very little about a site's future user base."
Give his wisdom about a Stanford student and now a better MySpace moustetrap from a high school student in MyYearbook.com, I'd suggest that spending time with this article and clicking on all its links is the most important investment that anyone with ambitions of FUTURE web success can make.