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Here's the The Lowdown
from DN Journal,
updated daily
to
fill you in on the latest buzz going around the domain name industry.
The Lowdown is
compiled by DN Journal Editor & Publisher Ron
Jackson. |
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Inside
the House That Domains Built: Frank Schilling
Opens the Doors to His Grand Cayman Home
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London's
Financial Times published a
very nice profile
of legendary domain investor Frank
Schilling today. The article focuses
primarily on Frank's more recent
starring role as a leading provider of
domain services through DomainNameSales.com,
his new gTLD registry operator - Uniregistry.com,
and his soon to be launched domain
registration service - Uniregistrar.com. Most
of our readers are already familiar with
Frank's domain exploits (he was profiled
it two DN Journal Cover
Stores, the first in 2007
and another in 2012
that covered his bold move into providing
services for his fellow investors). So, it
is likely the most interesting part of the
new story to you will be the fascinating
look into Frank's family life and
his gorgeous waterfront home on Grand
Cayman that was captured in the
article's photos. It
is an inspiring view of what is
possible when a bright man with a good
heart and a passion for his work meets the
right opportunity (an opportunity
presented by domains - a
business that Schilling
believes still offers great
opportunity to build new fortunes in
the year's ahead). |
Uniregistry.com Founder Frank
Schilling
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As
beloved as Schilling is in the domain
community, when anyone has had the kind of
astounding success he has had, some around
him will be afflicted with jealousy -
that's just human
nature. However, even at this stage of the
game, I still haven't met anyone who more
people have been happy to see
succeed (and wish even greater success
to) than Frank. You can chalk that up to a
humble nature and never forgetting where
he came from (in case you didn't know
already, he did not have a lot of
money before he found his calling in this
business). |
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Before he
arrived in this industry Schilling had
tried his hand at real estate, then the electronics business and
even selling wholesale glass, but in domains
the former film student found the opportunity
he had been looking for.
Though he has
already scored incredibly big as a
domain investor, Schilling believes the
best is yet to come by producing new
names (TLDs) and offering them to a
market that he believes still has enormous
room for growth. Schilling told
Financial Times reporter Christopher
Kompanek, "“Only 1% of the
(world's) population owns a domain name – some own more than one. I have hundreds of thousands of domain names, and I’m one man. I’m betting that there might be interest for
2-3% of people to have them. Somebody has to
make those names for the residents of the future. There aren’t enough good ones in the spaces that are already held.”
Now we
could sit here all day and argue whether
or not new gTLDs are the answer
residents of the future will be looking
for (if you read the blogs, you know that
many spend their days doing just that, and
that's fine - it's an entertaining
debate). Still, even if you think he is
making a huge mistake, don't you have to
admire a man who is willing to put his
money (tens of millions of dollars worth
of it) where he truly believes the future
is? |
If
he's right, I'm pretty sure people will be
happy for him, just as they are now, and
if he turns out to be wrong - even if he
loses his last penny - I'm 100%
sure he will still have a huge circle of
friends and admirers who won't forget how
he treated people on his way up the
ladder. He's earned that, an asset
you can't put a price on, and that's why
Schilling will still be a rich man no
matter how this movie ends. |
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(Posted
March 7, 2014)
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