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Asn5
Englewood, CO
An Internet Entrepreneur, network administrator, inventor, carpenter, writer, guitar player, and that's just the start!
Interests: Always open to new ideas and vigorous debate, so feel free to contact me if you want; I'm usually just an email or blog post away! If you have a question, just ask! asn5@asn5.com
Recent Activity
Hello Rick... I don't disagree with the point you make; Groupon was a very innovative concept, and until Google comes up with a "results or you don't pay" offering, Groupon will continue to dominate the space. Even so, Google is already testing a Groupon-like service that's integrated into their "Places". So maybe they can compete. I think the reason Google didn't meet "expectations" is due to capital investment. They hired like 2,000 people and they are looking to hire another 4,000. I say that because they just reported a net income of $2.3 billion, which is an increase of 18 percent compared to nearly $2 billion a year ago. And that was on revenues of nearly $8.6 billion, a 27% increase compared to the first quarter of 2010. And oh yeah, last Friday they were approved by the Department of Justice for the 700 million-dollar acquisition of flight-data company ITA Software, which should also be a profitable integration. Not sure how long before, or even if their current efforts will be reflected in the stock price, but I don't think they're going to be out of the picture anytime soon.
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If you've come this far, you must be a bit curious about me, so here's a tip: I don't look like my profile picture anymore. A little more laid back now, but still as geeky as ever. (I cropped out the flash drive hanging around my neck, but it doesn't... Continue reading
Posted Apr 2, 2011 at Asn5's blog
I believe this whole ordeal is representative of what's been wrong with the domain industry every since there was an "industry" - the whole thing exist in such a cut-throat vacuum. One might think that there would be an industry where domain names were thought of as the intellectual property they are, and that holders of such property would focus on their shared interests. Instead, it's like a pyramid scheme that's clicked-up so bad it turns people off. Not sure what I mean? Well consider this; some industries have events that aren't restricted to insiders with a few thousand dollars to spare. They have events where it may be a bit expensive to have a booth, but there is a $10 to $100 fee for anyone to come and learn more about the industry and the products or services. They get tens of thousands of people that attend. What is our event like this? If, instead of fighting over who gets domainers' money (i.e. "they only went to our party and didn't pay for our event" or "he's just mad because dncruise is getting popular"), those at the top would lend their obvious influence to educate and support the industry, I think we'd all be doing a lot better. And another thing; what about the trail of those left in the wake of the hustle? Not sure what I'm talking about? Well here's a good example: check out the money.info website. The fellow that apparently owns it is Mustafa Patel. I don't know this fellow; I've never met him or spoke with him, but I did read his first blog entry. It goes something like this: "I purchased this awesome domain name years ago. Actually for $22,000 on May 9, 2007. Too much for this domain? Well I was new to the domain investment business. But I don’t regret it since its a subject I’m passionate about and would love to write about." You can find pictures of this guy rubbing elbows with industry folk back when he bought the domain, and everything was happy. But lately, not so much. And maybe he is passionate about money information, but he's only written two posts in almost five months, so I'm inclined to think there may be a bit more buyer's remorse than passion. How do such experiences help us? If someone is excited about the industry, you want to nurture them and incorporate them into the program. Their contribution to the betterment of the group represents resources and support for years to come. Taking advantage of that person will immediately discourage participation and eventually build a negative pubic image for the industry - as is the case today. The point is, we should be working together to build an ethical industry of professionals focused on placing domain names with businesses - not working against each other in a game of musical chairs where someone finally pays too much for something that's supposed to be an investment. And it seems like it's everywhere. Registrars are perched and ready to attack at any opportunity to take a domain name. And remember the "Halvarez" incident at SnapNames? Or what about this... I personally sold a domain for $174,000 in a three-day sale - on a holiday weekend, no less - the very same week Moniker told me the domain was worth about $32,000. And I paid for that appraisal! I understand everyone can't afford to take the high road, but some of you can, and it's way past time that someone did. Let's put some real effort into ethical leadership and see if this industry can't finally grow up. There may be thousands of us, but there are millions of businesses. We should be a coalition of professionals - not a divided mass of cut-throats and back-stabbers. As long as businesses see us that way, we will never rise to our potential individually or as an industry. So, I guess this is my Jerry McGuire moment (it's a mission statement--not a memo) and you all can (further) ostracize me, but it's something I've been wanting to say for a long time, and something that everyone's "fans" may want to think about.
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Apr 2, 2011