I have no idea how they plan on profiting from this purchase. 200k is a lot of money, even if 150k was in a stock deal. If ebola stops spreading soon and isn’t in the head lines this may turn out to be an over priced purchase.
Here is a rather funny article from ft.com. Mr Moore seems to have a problem with domain name investors. I wounder if he feels the same way about people who buy up houses in depressed areas and rent them out until they recover in value later on. I think Mr Moore is just upset he missed the boat back in 1994 when all the good .com domain names were being bought up.
Two weeks ago, we told you about the money-grubbers of Blue String Ventures, whose business entails squatting on domain names and flipping them for a pretty penny. Their “portfolio” included Ebola.com, which they sold last week for about $200,000 to a company called — and, no, this isn’t a joke — Weed Growth Fund.
The deal for Ebola.com included a mix of cash and stocks, specifically $150,000 in Cannabis Sativa, Inc. The CEO of that company is none other than former New Mexico Gov. Gary Johnson, the now Libertarian Party provocateur, who in a recent Fox interview suggested that marijuana might — just might! — hold a cure for Ebola.
Naturally, there is no evidence for that claim, but that’s par for the course in this wickedly meaningless corner of the Internet economy. Weed Growth Fund is a strange, possibly Russian company that until recently was known as Ovation Research, which focused on distributing stainless steel cookware. Apparently peddling pot as an Ebola cure has emerged as a more profitable line of business.
Meanwhile, Jon Schultz, the president of Blue String, has a few more disease domains up his sleeve for the next pandemic. Birdflu.com and H1N1.com are both for sale, though probably not yet. The fear level isn’t quite high enough, you see.
Credit John Moore
DomainNameSales.com just made the news with the $500,000 sale of Mobile.net showing once again the preferential treatment .NET receives from developers. While there will soon be over 1500 domains name extensions by next year, they still won’t be sought after like the core .com and .nets – One more reason to stick with quality and staying power.
New ICANN top level domains
What’s with all the hype?
What’s with all the hype or should I say lack of hype about the hundreds of new domain name extensions flooding the market. Extensions like .center .futbal .kim and so on are all going live this year and some come with a hefty price tag. The big registrars are going to do very well promoting these but will so many extensions be good for the internet? Well only time will tell but I think it will just become one big head ache for internet surfers. It will be like remembering a web site with an address like www.games.com/wii or www.autos.com/ford.
Will people take companies seriously with these extensions? I think those that get the best generic names may do well like www.computers.cheap but what about newyorklaptops.cheap it just doesn’t cut it for me. I don’t think people will remember these new names. We already have com net org info biz and all the country codes like co.uk ca us ch de fr es…. Do we really need and estimated 1500 new extensions to remember?
Back in the day when the internet was young we had many personal websites that looked like this: www.freesite.com/~john~doe – This isn’t much of an improvement over those days. You can still get decent names with the current extensions like com and net. You have to be creative these days to get a good name. Everything short and sweet is taken now but everything short and sweet will be taken with these new names by domain investors as well. If you have to choose a domain that is longer than you would like because the shorter versions are taken, then make sure you pick . com .net. People will remember your name much easier. Well that’s just my opinion. I’m also a domain investor and I’m not buying any of these new name extensions with one exception, I’ll buy the new .web extension when it goes live next year. It’s internet related and easy to remember.
Update: I did try to buy caribbean.condos and was very excited when it came up as available. But when I tried to add it to my shopping cart to pay, I got a message saying I had to register it via some other method… I was then taken to a page that showed me the real price. 10,000 or something close to that, I forget actual price and don’t care to go through the steps to get the current price. But my point is that these new domain extensions are a big rip off. The registrars are making a killing off these names. Good names range from a few hundred to a few thousand to register. And on top of that, you have to pay this ridiculous price annually.
Here are just a few of the 1500 new names that will be available in a year or so.
.academy .agency .bargains .berlin
.best .bike .blue .boutique
.builders .buzz .cab .camera
.camp .careers .center .cheap
.clothing .club .codes .coffee
.company .computer .condos .construction
.contractors .cool .cruises .dance
.democrat .diamonds .directory .domains
.education .email .enterprises .equipment
.estate .expert .exposed .farm
.flights .florist .foundation .futbol
.gallery .gift .glass .graphics
.guitars .guru .holdings .holiday
.house .immobilien .institute .international
.kim .kitchen .kiwi .land
.lighting .limo .link .maison
.management .marketing .menu .ninja
.photo .photography .photos .pics
.pink .plumbing .properties .recipes
.red .rentals .repair .reviews
.sexy .shiksha .shoes .singles
.social .solar .solutions .support
.systems .tattoo .technology .tienda
.tips .today .training .uno
.vacations .ventures .viajes .villas
.voyage .watch .wiki .works
Are you getting dizzy yet?